METU vs SPXL
Direxion Daily META Bull 2X ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, METU or SPXL?
SPXL has been ahead.
SPXL has a lower expense ratio. SPXL led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | METU | SPXL |
|---|---|---|
| Expense Ratio | 1.02% | 0.87%Best |
| AUM | $506M | $7.4B |
| Dividend Yield | 2.70% | 0.52% |
| Holdings | 20 | 1,030 |
| YTD Return | +2.89% | +30.47%Best |
| 1Y Return | -17.61% | +39.94%Best |
| 3Y Return (annualized) | - | +52.99% |
| 5Y Return (annualized) | - | +20.66% |
| Volatility (annualized) | 70.0% | 37.1%Best |
| Max Drawdown | -63.9% | -49.0%Best |
| $10,000 over 2.4 years | $12,474 | $21,400Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 5, 2024 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: Jun 5, 2024 to Oct 14, 2026 (2.4 years).
METU vs SPXL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.4 years both funds cover.
METU vs SPXL Performance
Direxion Daily META Bull 2X ETF (METU) is an ETF from Direxion Shares ETF Trust and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year METU returned -17.61% while SPXL returned +39.94%. Year to date, METU is up 2.89% versus a gain of 30.47% for SPXL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
METU has been the more volatile fund, with annualized monthly volatility of 70.0% compared with 37.1% for SPXL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -63.9% for METU and -49.0% for SPXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.48. They move together some of the time, and apart the rest.
Fees and Cost Over Time
METU charges 1.02% per year while SPXL charges 0.87%. On a $10,000 position that is $102 vs $87 annually, a gap of $15 per year that compounds over a long holding period. On income, METU currently yields 2.70% against 0.52% for SPXL.
Holdings Overlap
At least 25.9% of SPXL's money is in holdings METU also owns.
Stated as a floor: for METU, our book for it covers 87.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPXL and METU share little of their money.
4 positions in common, counted across the 4 positions we hold weights for in METU and 506 in SPXL, against full books of 20 and 1,030.
25.9% of SPXL is already inside METU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, METU or SPXL?
METU has an expense ratio of 1.02% while SPXL charges 0.87%. SPXL is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, METU or SPXL?
Over the past year METU returned -17.61% vs +39.94% for SPXL, so SPXL leads on 1-year performance. Over the longest common window we track (2 years), METU annualized +9.65% vs +37.30% for SPXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, METU or SPXL?
METU has been the more volatile fund at 70.0% annualized versus 37.1% for SPXL. Worst drawdown: METU -63.9% vs SPXL -49.0%.
Should I hold both METU and SPXL?
METU and SPXL have a monthly-return correlation of 0.48, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between METU and SPXL?
At least 25.9% of SPXL's money is in holdings METU also owns. Our book for METU is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 4 positions we hold weights for in METU and 506 in SPXL.
Which pays a higher dividend, METU or SPXL?
METU yields 2.70% while SPXL yields 0.52%, so METU currently pays the higher dividend yield.
Is SPXL better than METU?
SPXL has a lower expense ratio. SPXL led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.