Direxion Daily S&P 500 Bull 3X Shares vs Sprott Uranium Miners ETF — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while Sprott Uranium Miners ETF trades at $50.32. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, Sprott Uranium Miners ETF nearer its low. Which is the better fit depends on your goals.
| SPXL | URNM | |
|---|---|---|
Sector | Leveraged / Inverse | Commodities - Metals/Agriculture |
52-Week High | $288.04 | $83.99 |
52-Week Low | $170.20 | $44.14 |
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 →URNM is a pure-play ETF that invests in the global uranium industry. It provides exposure to companies involved in the mining, exploration, and production of uranium, as well as physical uranium holdings, with top assets like Cameco, Uranium Energy Corp, and the Sprott Physical Uranium Trust.
Read more on URNM →