PSFO vs SPXL
Pacer Swan SOS Flex October ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, PSFO or SPXL?
SPXL has been ahead.
PSFO has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93.
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 | PSFO | SPXL |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.87% |
| AUM | $46M | $7.4B |
| Dividend Yield | 0.00% | 0.52% |
| Holdings | 13 | 1,030 |
| YTD Return | +11.43% | +30.47%Best |
| 1Y Return | +14.38% | +39.94%Best |
| 3Y Return (annualized) | +13.95% | +52.99%Best |
| 5Y Return (annualized) | +11.56% | +20.66%Best |
| Volatility (annualized) | 8.4%Best | 46.8% |
| Max Drawdown | -12.1%Best | -63.8% |
| $10,000 over 5 years | $17,280 | $25,575Best |
| Fund Family | Pacer ETFs | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 30, 2021 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2021 to Oct 14, 2026 (5 years).
PSFO 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 5 years both funds cover.
PSFO vs SPXL Performance
Pacer Swan SOS Flex October ETF (PSFO) is an ETF from Pacer ETFs and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year PSFO returned +14.38% while SPXL returned +39.94%. Year to date, PSFO is up 11.43% versus a gain of 30.47% for SPXL.
Over three years, PSFO compounded at +13.95% per year against +52.99% for SPXL; over five years the annualized figures are +11.56% and +20.66% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXL has been the more volatile fund, with annualized monthly volatility of 46.8% compared with 8.4% for PSFO. 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 -12.1% for PSFO and -63.8% 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 0.93. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
PSFO charges 0.49% per year while SPXL charges 0.87%. On a $10,000 position that is $49 vs $87 annually, a gap of $38 per year that compounds over a long holding period. On income, PSFO currently yields 0.00% against 0.52% for SPXL.
Holdings Overlap
We hold position weights for 4 holdings in PSFO and 506 in SPXL, totalling 99.6% and 97.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in PSFO and 506 in SPXL, against full books of 13 and 1,030.
You are not choosing between two funds in isolation.
Whichever of PSFO 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, PSFO or SPXL?
PSFO has an expense ratio of 0.49% while SPXL charges 0.87%. PSFO is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, PSFO or SPXL?
Over the past year PSFO returned +14.38% 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, PSFO or SPXL?
SPXL has been the more volatile fund at 46.8% annualized versus 8.4% for PSFO. Worst drawdown: PSFO -12.1% vs SPXL -63.8%.
Should I hold both PSFO and SPXL?
PSFO and SPXL have a monthly-return correlation of 0.93, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, PSFO or SPXL?
PSFO yields 0.00% while SPXL yields 0.52%, so SPXL currently pays the higher dividend yield.
Is SPXL better than PSFO?
PSFO has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.93. Which one suits a particular account depends on what it is for. This is information, not a recommendation.