ALTY vs SPXL
Global X Alternative Income ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, ALTY or SPXL?
SPXL has been ahead.
ALTY has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. SPXL is less concentrated, with 48.3% of the fund in its ten largest positions against 88.7%.
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 | ALTY | SPXL |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.84% |
| AUM | $47M | $7.0B |
| Dividend Yield | 7.54% | 0.50% |
| Holdings | 44 | 1,030 |
| YTD Return | +2.92% | +34.91%Best |
| 1Y Return | +7.10% | +44.17%Best |
| 3Y Return (annualized) | +11.35% | +54.78%Best |
| 5Y Return (annualized) | +4.85% | +22.69%Best |
| Volatility (annualized) | 16.2%Best | 46.9% |
| Max Drawdown | -60.1%Best | -76.9% |
| $10,000 over 5 years | $12,672 | $27,800Best |
| Top 10 Weight | 88.7% | 48.3%Best |
| Fund Family | Global X by mirae Asset | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 13, 2015 | Nov 5, 2008 |
Volatility and max drawdown are measured over the window both funds cover: Jul 14, 2015 to Oct 13, 2026 (11.2 years).
ALTY 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 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.
ALTY vs SPXL Performance
Global X Alternative Income ETF (ALTY) is an ETF from Global X by mirae Asset and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year ALTY returned +7.10% while SPXL returned +44.17%. Year to date, ALTY is up 2.92% versus a gain of 34.91% for SPXL.
Over three years, ALTY compounded at +11.35% per year against +54.78% for SPXL; over five years the annualized figures are +4.85% and +22.69% respectively. Across the full 11-year window we track, SPXL has the edge at +26.39% annualized vs +1.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXL has been the more volatile fund, with annualized monthly volatility of 46.9% compared with 16.2% for ALTY. 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 -60.1% for ALTY and -76.9% 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALTY charges 0.50% per year while SPXL charges 0.84%. On a $10,000 position that is $50 vs $84 annually, a gap of $34 per year that compounds over a long holding period. On income, ALTY currently yields 7.54% against 0.50% for SPXL.
Holdings Overlap
2.5% of ALTY's money is in holdings SPXL also owns. 0.1% of SPXL's money is in holdings ALTY also owns.
ALTY and SPXL share little of their money.
2 positions in common, counted across the 19 positions we hold weights for in ALTY and 506 in SPXL, against full books of 44 and 1,030.
What only one of them owns
Our book lists 498 positions for SPXL that do not appear in our book for ALTY (97.1% of the fund), and 17 for ALTY that do not appear in SPXL (97.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ALTY 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, ALTY or SPXL?
ALTY has an expense ratio of 0.50% while SPXL charges 0.84%. ALTY is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, ALTY or SPXL?
Over the past year ALTY returned +7.10% vs +44.17% for SPXL, so SPXL leads on 1-year performance. Over the longest common window we track (11 years), ALTY annualized +1.42% vs +26.39% for SPXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALTY or SPXL?
SPXL has been the more volatile fund at 46.9% annualized versus 16.2% for ALTY. Worst drawdown: ALTY -60.1% vs SPXL -76.9%.
Should I hold both ALTY and SPXL?
ALTY and SPXL have a monthly-return correlation of 0.82, 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 ALTY and SPXL?
2.5% of ALTY's money is in holdings SPXL also owns. 0.1% of SPXL's is in holdings ALTY also owns. They hold 2 positions in common, counted across the 19 positions we hold weights for in ALTY and 506 in SPXL.
Which pays a higher dividend, ALTY or SPXL?
ALTY yields 7.54% while SPXL yields 0.50%, so ALTY currently pays the higher dividend yield.
Is SPXL better than ALTY?
ALTY has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. SPXL is less concentrated, with 48.3% of the fund in its ten largest positions against 88.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.