Direxion Daily S&P 500 Bull 3X Shares vs Warner Music Group Corp — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while Warner Music Group Corp trades at $28.2 (market cap $14.64B). The key difference: Warner Music Group Corp pays a 2.71% 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, Warner Music Group Corp nearer its low. Which is the better fit depends on your goals.
| SPXL | WMG | |
|---|---|---|
Sector | Leveraged / Inverse | Media |
52-Week High | $288.04 | $34.72 |
52-Week Low | $170.20 | $23.65 |
Market Cap | — | $14.64B |
Enterprise Value | — | $18.84B |
Dividend Yield | — | 2.71% |
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 →Warner Music Group is the third largest of the three major global record labels, with Vivendi's Universal Music in first and Sony Music in second. Warner's larger segment, recorded music, consists of iconic labels like Atlantic Records, Warner Records, and Parlophone Records and popular artists such as Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the firm's publishing arm, is the home to over 65,000 composers and songwriters with over a million copyrights represented. Warner is controlled by Access Industries, which owns an 84% economic interest and 99% of voting rights.
Read more on WMG →