Direxion Daily S&P 500 Bull 3X Shares vs Vanguard Intermediate Term Corporate Bond ETF — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while Vanguard Intermediate Term Corporate Bond ETF trades at $81.54. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, Vanguard Intermediate Term Corporate Bond ETF nearer its low. Which is the better fit depends on your goals.
| SPXL | VCIT | |
|---|---|---|
Sector | Leveraged / Inverse | Fixed Income |
52-Week High | $288.04 | $84.82 |
52-Week Low | $170.20 | $81.45 |
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 →VCIT tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index, providing exposure to investment-grade debt from industrial, utility, and financial companies. It acts as a middle-ground bond fund, offering higher yields than short-term bonds with less price volatility than long-term corporate debt.
Read more on VCIT →