Simon Property Group Inc vs Direxion Daily S&P 500 Bull 3X Shares — how do they compare? Simon Property Group Inc trades at $227 (market cap $74.00B), while Direxion Daily S&P 500 Bull 3X Shares trades at $270.65. The key difference: Simon Property Group Inc pays a 3.86% dividend while Direxion Daily S&P 500 Bull 3X Shares pays none, and Simon Property Group Inc is trading nearer its 52-week high, Direxion Daily S&P 500 Bull 3X Shares nearer its low. Which is the better fit depends on your goals.
| SPG | SPXL | |
|---|---|---|
Market Cap | $74.00B | — |
Sector | Real Estate | Leveraged / Inverse |
52-Week High | $228.70 | $288.04 |
52-Week Low | $160.68 | $170.20 |
Enterprise Value | $102.48B | — |
Dividend Yield | 3.86% | — |
Trailing returns across standard periods
Simon Property Group is the second- largest real estate investment trust in the United States. Its portfolio includes an interest in 207 properties: 119 traditional malls, 69 premium outlets, 14 Mills centers (a combination of a traditional mall, outlet center, and big-box retailers), six lifestyle centers, and five other retail properties. Simon's portfolio averaged $693 in sales per square foot over the 12 months prior to the pandemic. The company also owns a 21% interest in Klepierre, a European retail company with investments in shopping centers in 16 countries, and joint venture interests in 33 premium outlets across 11 countries.
Read more on SPG →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.
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