Direxion Daily S&P 500 Bull 3X Shares vs United Microelectronics Corp — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while United Microelectronics Corp trades at $21.12 (market cap $51.00B). The key difference: United Microelectronics Corp pays a 2.03% 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, United Microelectronics Corp nearer its low. Which is the better fit depends on your goals.
| SPXL | UMC | |
|---|---|---|
Sector | Leveraged / Inverse | Technology |
52-Week High | $288.04 | $28.02 |
52-Week Low | $170.20 | $6.58 |
Market Cap | — | $51.00B |
Enterprise Value | — | $48.57B |
Dividend Yield | — | 2.03% |
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 →Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2021, according to Gartner, after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.
Read more on UMC →