Direxion Daily S&P 500 Bull 3X Shares vs Toronto-Dominion Bank — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while Toronto-Dominion Bank trades at $120.5 (market cap $197.03B). The key difference: Toronto-Dominion Bank pays a 2.62% dividend while Direxion Daily S&P 500 Bull 3X Shares pays none. Which is the better fit depends on your goals.
| SPXL | TD | |
|---|---|---|
Sector | Leveraged / Inverse | Financials |
52-Week High | $288.04 | $124.80 |
52-Week Low | $170.20 | $72.55 |
Market Cap | — | $197.03B |
Dividend Yield | — | 2.62% |
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 →Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.
Read more on TD →