NVDX vs SPXL
T-Rex 2X Long NVIDIA Daily Target ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, NVDX or SPXL?
Each has led over a different period.
SPXL has a lower expense ratio. NVDX led over 3Y and the full window, SPXL over 1Y.
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 | NVDX | SPXL |
|---|---|---|
| Expense Ratio | 1.05% | 0.87%Best |
| AUM | $441M | $7.4B |
| Dividend Yield | 0.00% | 0.52% |
| Holdings | 13 | 1,030 |
| YTD Return | +10.15% | +30.47%Best |
| 1Y Return | +9.78% | +39.94%Best |
| 3Y Return (annualized) | +107.55%Best | +52.99% |
| 5Y Return (annualized) | - | +20.66% |
| Volatility (annualized) | 78.8% | 38.6%Best |
| Max Drawdown | -68.2% | -49.0%Best |
| $10,000 over 3 years | $89,406Best | $38,529 |
| Fund Family | REX Shares | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 18, 2023 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Oct 19, 2023 to Oct 14, 2026 (3 years).
NVDX 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 3 years both funds cover.
NVDX vs SPXL Performance
T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) is an ETF from REX Shares and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year NVDX returned +9.78% while SPXL returned +39.94%. Year to date, NVDX is up 10.15% versus a gain of 30.47% for SPXL.
Over three years, NVDX compounded at +107.55% per year against +52.99% for SPXL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDX has been the more volatile fund, with annualized monthly volatility of 78.8% compared with 38.6% 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 -68.2% for NVDX 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 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NVDX charges 1.05% per year while SPXL charges 0.87%. On a $10,000 position that is $105 vs $87 annually, a gap of $18 per year that compounds over a long holding period. On income, NVDX currently yields 0.00% against 0.52% for SPXL.
Holdings Overlap
At least 5.7% of SPXL's money is in holdings NVDX also owns.
Stated as a floor: for NVDX, our book for it covers 83.4% 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 NVDX share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in NVDX and 506 in SPXL, against full books of 13 and 1,030.
Top Shared Holdings
| Stock | Weight in NVDX | Weight in SPXL | Difference |
|---|---|---|---|
| NVDANvidia Corp | 83.43% | 5.70% | 77.73% |
You are not choosing between two funds in isolation.
Whichever of NVDX and SPXL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NVDX or SPXL?
NVDX has an expense ratio of 1.05% while SPXL charges 0.87%. SPXL is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, NVDX or SPXL?
Over the past year NVDX returned +9.78% vs +39.94% for SPXL, so SPXL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NVDX or SPXL?
NVDX has been the more volatile fund at 78.8% annualized versus 38.6% for SPXL. Worst drawdown: NVDX -68.2% vs SPXL -49.0%.
Should I hold both NVDX and SPXL?
NVDX and SPXL have a monthly-return correlation of 0.63, 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 NVDX and SPXL?
At least 5.7% of SPXL's money is in holdings NVDX also owns. Our book for NVDX is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 1 positions we hold weights for in NVDX and 506 in SPXL.
Which pays a higher dividend, NVDX or SPXL?
NVDX yields 0.00% while SPXL yields 0.52%, so SPXL currently pays the higher dividend yield.
Is SPXL better than NVDX?
SPXL has a lower expense ratio. NVDX led over 3Y and the full window, SPXL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.