Direxion Daily S&P 500 Bull 3X Shares vs Direxion Daily 20 Year Treasury Bull 3X Shares — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while Direxion Daily 20 Year Treasury Bull 3X Shares trades at $32.41. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, Direxion Daily 20 Year Treasury Bull 3X Shares nearer its low. Which is the better fit depends on your goals.
| SPXL | TMF | |
|---|---|---|
Sector | Leveraged / Inverse | Leveraged / Inverse |
52-Week High | $288.04 | $44.14 |
52-Week Low | $170.20 | $31.85 |
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 →TMF is a leveraged ETF that seeks to provide 300% (3x) of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. It is a tactical instrument used by sophisticated traders to capitalize on declining interest rates or to hedge against equity market volatility. Due to its daily reset mechanism and high expense ratio, TMF is structurally designed for short-term speculation rather than long-term buy-and-hold investing.
Read more on TMF →