Direxion Daily S&P 500 Bull 3X Shares vs YieldMax Universe Fund of Option Income ETFs — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while YieldMax Universe Fund of Option Income ETFs trades at $7.72. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, YieldMax Universe Fund of Option Income ETFs nearer its low. Which is the better fit depends on your goals.
| SPXL | YMAX | |
|---|---|---|
Sector | Leveraged / Inverse | Income / Options Overlay |
52-Week High | $288.04 | $14.00 |
52-Week Low | $170.20 | $7.51 |
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 →YMAX is an actively managed 'fund of funds' that provides equal-weighted exposure to the full suite of YieldMax option income ETFs. It is designed to generate high current income by aggregating the premiums from various single-stock and thematic covered call strategies, offering a diversified approach to high-yield option investing.
Read more on YMAX →