SPXL vs XIDE
Direxion Daily S&P 500 Bull 3X ETF vs FT Vest US Equity Buffer & Premium Income ETF - December
Which is better, SPXL or XIDE?
SPXL has been ahead.
XIDE 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 | SPXL | XIDE |
|---|---|---|
| Expense Ratio | 0.87% | 0.85%Best |
| AUM | $7.4B | $23M |
| Dividend Yield | 0.52% | 6.28% |
| Holdings | 1,030 | 16 |
| YTD Return | +30.47%Best | +0.48% |
| 1Y Return | +39.94%Best | +1.28% |
| 3Y Return (annualized) | +52.99% | - |
| 5Y Return (annualized) | +20.66% | - |
| Volatility (annualized) | 36.6% | 7.3%Best |
| Max Drawdown | -49.0% | -11.8%Best |
| $10,000 over 2.8 years | $28,434Best | $10,073 |
| Fund Family | Direxion Shares ETF Trust | First Trust Portfolios (US) |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Nov 5, 2008 | Dec 15, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 18, 2023 to Oct 14, 2026 (2.8 years).
SPXL vs XIDE 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
SPXL vs XIDE Performance
Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust and FT Vest US Equity Buffer & Premium Income ETF - December (XIDE) is an ETF from First Trust Portfolios (US). Over the past year SPXL returned +39.94% while XIDE returned +1.28%. Year to date, SPXL is up 30.47% versus a gain of 0.48% for XIDE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXL has been the more volatile fund, with annualized monthly volatility of 36.6% compared with 7.3% for XIDE. 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 -49.0% for SPXL and -11.8% for XIDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.28. They move largely independently of each other.
Fees and Cost Over Time
SPXL charges 0.87% per year while XIDE charges 0.85%. On a $10,000 position that is $87 vs $85 annually, a gap of $2 per year that compounds over a long holding period. On income, SPXL currently yields 0.52% against 6.28% for XIDE.
You are not choosing between two funds in isolation.
Whichever of SPXL and XIDE 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, SPXL or XIDE?
SPXL has an expense ratio of 0.87% while XIDE charges 0.85%. XIDE is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, SPXL or XIDE?
Over the past year SPXL returned +39.94% vs +1.28% for XIDE, so SPXL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SPXL or XIDE?
SPXL has been the more volatile fund at 36.6% annualized versus 7.3% for XIDE. Worst drawdown: SPXL -49.0% vs XIDE -11.8%.
Should I hold both SPXL and XIDE?
SPXL and XIDE have a monthly-return correlation of 0.28, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SPXL or XIDE?
SPXL yields 0.52% while XIDE yields 6.28%, so XIDE currently pays the higher dividend yield.
Is XIDE better than SPXL?
XIDE 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.