Direxion Daily S&P 500 Bull 3X Shares vs Consumer Staples Select Sector SPDR Fund — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while Consumer Staples Select Sector SPDR Fund trades at $83.97. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, Consumer Staples Select Sector SPDR Fund nearer its low. Which is the better fit depends on your goals.
| SPXL | XLP | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $288.04 | $90.00 |
52-Week Low | $170.20 | $75.61 |
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 →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 Consumer Staples companies by the GICS®. It is non-diversified.
Read more on XLP →