First Trust Cloud Computing ETF vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? First Trust Cloud Computing ETF trades at $135.77, while Direxion Daily S&P 500 Bull 3X Shares trades at $270.65. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, First Trust Cloud Computing ETF nearer its low. Which is the better fit depends on your goals.
| SKYY | SPXL | |
|---|---|---|
52-Week High | $155.17 | $288.04 |
52-Week Low | $104.16 | $170.20 |
Sector | — | Leveraged / Inverse |
Trailing returns across standard periods
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and depositary receipts that comprise the index. The index is designed to track the performance of companies involved in the cloud computing industry.
Read more on SKYY →SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →