Direxion Daily S&P 500 Bull 3X Shares vs Energy Select Sector SPDR Fund — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while Energy Select Sector SPDR Fund trades at $58.46. Which is the better fit depends on your goals.
| SPXL | XLE | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $288.04 | $62.57 |
52-Week Low | $170.20 | $42.12 |
Trailing returns across standard periods
Latest headlines on both assets
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as energy companies by the GICS®, including securities of companies from the following industries: oil, gas and consumable fuels; and energy equipment and services. It is non-diversified.
Read more on XLE →