Direxion Daily S&P 500 Bull 3X Shares vs Tapestry, Inc. — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while Tapestry, Inc. trades at $140.62 (market cap $28.51B). The key difference: Tapestry, Inc. pays a 1.13% 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, Tapestry, Inc. nearer its low. Which is the better fit depends on your goals.
| SPXL | TPR | |
|---|---|---|
Sector | Leveraged / Inverse | Consumer Cyclical |
52-Week High | $288.04 | $160.49 |
52-Week Low | $170.20 | $95.69 |
Market Cap | — | $28.51B |
Enterprise Value | — | $31.37B |
Dividend Yield | — | 1.13% |
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 →Coach, Kate Spade, and Stuart Weitzman are the fashion and accessory brands that comprise Tapestry. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (67% of fiscal 2022 sales), Europe, Asia (28% of fiscal 2022 sales), and elsewhere. Coach (74% of fiscal 2022 sales) is best known for affordable luxury leather products. Kate Spade (22% of fiscal 2022 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2022. Stuart Weitzman, Tapestry's smallest brand, generates nearly all its revenue from women's footwear.
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