Find Comparable ETFs for Direxion Daily S&P500 Bull 3X Shares
Direxion Daily S&P500 Bull 3X Shares
SPXL - PCXProShares Ultra QQQ
QLD - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 94%
R-squared: 88%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 7
- QLD in SPXL's comparables: No
- SPXL in QLD's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 0.04 vs 0.05
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- QLD Beta: 2.27 (Very High)
- SPXL Beta: 3.08 (Very High)
- QLD 200-day Volatility: 35.32%
- SPXL 200-day Volatility: 34.94%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- QLD Price vs 200-day MA: 99%
- SPXL Price vs 200-day MA: 106%
Performance Comparison:
| Period | QLD | SPXL |
|---|---|---|
| Year_1 | 33% | 47% |
| Year_3 | 5% | 6% |
| Year_5 | 29% | 22% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- QLD Dividend Yield: 0%
- SPXL Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
ProShares UltraPro QQQ
TQQQ - NGMThis ETF offers 3x leveraged exposure to the NASDAQ-100 Index, similar to how SPXL provides 3x exposure to the S&P 500, making it suitable for aggressive growth investors.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 94%
R-squared: 88%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 6
- SPXL in TQQQ's comparables: Yes
- TQQQ in SPXL's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- SPXL Beta: 3.08 (Very High)
- TQQQ Beta: 3.45 (Very High)
- SPXL 200-day Volatility: 34.94%
- TQQQ 200-day Volatility: 52.81%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- SPXL Price vs 200-day MA: 106%
- TQQQ Price vs 200-day MA: 100%
Performance Comparison:
| Period | SPXL | TQQQ |
|---|---|---|
| Year_1 | 47% | 43% |
| Year_3 | 6% | -3% |
| Year_5 | 22% | 30% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs NGM
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- SPXL Dividend Yield: 1%
- TQQQ Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
Direxion Daily Financial Bull 3X Shares
FAS - PCXThis ETF offers 3x leveraged exposure to the S&P 500, including financials, providing a comparable risk-reward profile to FAS in a broader market context.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 65%
R-squared: 42%
This indicates a moderate positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 2
- FAS in SPXL's comparables: Yes
- SPXL in FAS's comparables: Yes
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
valuation
Compares valuation metrics to assess if the assets are valued similarly by the market, indicating comparable investor expectations and perceived growth potential.
- P/E Ratio: 0.06 vs 0.05
A high score indicates that the market values these assets similarly relative to their financials, suggesting comparable growth expectations and risk profiles.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- FAS Beta: 3.10 (Very High)
- SPXL Beta: 3.08 (Very High)
- FAS 200-day Volatility: 37.77%
- SPXL 200-day Volatility: 34.94%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- FAS Price vs 200-day MA: 134%
- SPXL Price vs 200-day MA: 106%
Performance Comparison:
| Period | FAS | SPXL |
|---|---|---|
| Year_1 | 53% | 47% |
| Year_3 | 1% | 6% |
| Year_5 | 8% | 22% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- FAS Dividend Yield: 1%
- SPXL Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
Direxion Daily Small Cap Bull 3X Shares
TNA - PCXSPXL also aims for 3X daily returns on the S&P 500, offering a similar leverage strategy that can yield high rewards, paralleling TNA's objectives in small-cap equities.
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 82%
R-squared: 67%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 5
- SPXL in TNA's comparables: Yes
- TNA in SPXL's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- SPXL Beta: 3.08 (Very High)
- TNA Beta: 3.41 (Very High)
- SPXL 200-day Volatility: 34.94%
- TNA 200-day Volatility: 59.41%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- SPXL Price vs 200-day MA: 106%
- TNA Price vs 200-day MA: 77%
Performance Comparison:
| Period | SPXL | TNA |
|---|---|---|
| Year_1 | 47% | 0% |
| Year_3 | 6% | -23% |
| Year_5 | 22% | -8% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- SPXL Dividend Yield: 1%
- TNA Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
iShares U.S. Technology ETF
IYW - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 89%
R-squared: 80%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 4
- IYW in SPXL's comparables: No
- SPXL in IYW's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- IYW Beta: 1.15 (Average)
- SPXL Beta: 3.08 (Very High)
- IYW 200-day Volatility: 22.14%
- SPXL 200-day Volatility: 34.94%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- IYW Price vs 200-day MA: 101%
- SPXL Price vs 200-day MA: 106%
Performance Comparison:
| Period | IYW | SPXL |
|---|---|---|
| Year_1 | 26% | 47% |
| Year_3 | 11% | 6% |
| Year_5 | 22% | 22% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Technology Equities vs Leveraged Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- IYW Dividend Yield: 0%
- SPXL Dividend Yield: 1%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
SPDR S&P Software & Services ETF
XSW - PCX
correlation
Measures how closely the two assets' prices move together over time. A high correlation suggests similar market reactions and investor sentiment.
Pearson Correlation: 79%
R-squared: 63%
This indicates a strong positive relationship between the price movements of these assets.
network
Evaluates the overlap in business networks, partnerships, and industry relationships, indicating similarity in market positioning and competitive landscape.
- Common comparables: 1
- SPXL in XSW's comparables: No
- XSW in SPXL's comparables: No
A high score suggests the assets are often compared to each other and share many industry peers, indicating similar competitive environments and market perceptions.
volatility
Compares price volatility and risk profiles, indicating similarity in market behavior, risk, and potential for price swings.
- SPXL Beta: 3.08 (Very High)
- XSW Beta: 1.13 (Average)
- SPXL 200-day Volatility: 34.94%
- XSW 200-day Volatility: 19.13%
A high score suggests both assets have similar sensitivity to market movements, implying comparable risk levels and potential for both gains and losses.
momentum
Compares recent price momentum, showing similarity in short-term market performance and investor sentiment.
- SPXL Price vs 200-day MA: 106%
- XSW Price vs 200-day MA: 103%
Performance Comparison:
| Period | SPXL | XSW |
|---|---|---|
| Year_1 | 47% | 8% |
| Year_3 | 6% | -5% |
| Year_5 | 22% | 9% |
A high score indicates both assets are experiencing similar price trends relative to their recent history, suggesting comparable market enthusiasm or concern.
geo
Evaluates the geographical similarity of the assets based on country, currency, and exchange.
- Currency: USD vs USD
- Exchange: PCX vs PCX
A high score indicates that both assets operate in similar geographical markets, facing comparable economic conditions, regulations, and market dynamics.
sector
Compares the sector, industry, and other classifications of both assets.
- ETF Category: Leveraged Equities vs Technology Equities
A high score indicates that the assets operate in similar business areas, facing comparable market conditions, regulatory environments, and industry trends.
Partial matches are considered for more nuanced comparisons, allowing for a higher score even when classifications are not identical but closely related.
dividend
Compares dividend policies, showing similarity in shareholder return strategies and income potential for investors.
- SPXL Dividend Yield: 1%
- XSW Dividend Yield: 0%
A high score indicates similar approaches to returning capital to shareholders, suggesting comparable appeal to income-focused investors.
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