Direxion Daily S&P 500 Bull 3X Shares vs BlackRock TCP Capital Corp — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while BlackRock TCP Capital Corp trades at $3.24 (market cap $270.17M). The key difference: BlackRock TCP Capital Corp pays a 26.09% dividend while Direxion Daily S&P 500 Bull 3X Shares pays none, and Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, BlackRock TCP Capital Corp nearer its low. Which is the better fit depends on your goals.
| SPXL | TCPC | |
|---|---|---|
Sector | Leveraged / Inverse | Financials |
52-Week High | $288.04 | $7.64 |
52-Week Low | $170.20 | $3.14 |
Market Cap | — | $270.17M |
Dividend Yield | — | 26.09% |
Trailing returns across standard periods
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 →BlackRock TCP Capital Corp is a finance company specializing in middle-market lending. It aims for high returns through income and capital appreciation while prioritizing principal protection. The company invests in debt securities and earns revenue from interest payments, fees, and some equity appreciation.
Read more on TCPC →