DYLG vs SPXL
Global X Dow 30 Covered Call & Growth ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, DYLG or SPXL?
SPXL has been ahead.
DYLG has a lower expense ratio. SPXL led over 1Y, 3Y 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 | DYLG | SPXL |
|---|---|---|
| Expense Ratio | 0.35%Best | 0.84% |
| AUM | $5M | $5.9B |
| Dividend Yield | 8.92% | 0.54% |
| Holdings | 66 | 1,040 |
| YTD Return | +9.59% | +21.74%Best |
| 1Y Return | +11.71% | +20.27%Best |
| 3Y Return (annualized) | +14.53% | +48.85%Best |
| 5Y Return (annualized) | - | +15.24% |
| Volatility (annualized) | 9.3%Best | 39.3% |
| Max Drawdown | -14.2%Best | -49.0% |
| $10,000 over 3.3 years | $14,686 | $28,458Best |
| Fund Family | Global X by mirae Asset | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 25, 2023 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Jul 26, 2023 to Nov 12, 2026 (3.3 years).
DYLG 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 3.3 years both funds cover.
DYLG vs SPXL Performance
Global X Dow 30 Covered Call & Growth ETF (DYLG) 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 DYLG returned +11.71% while SPXL returned +20.27%. Year to date, DYLG is up 9.59% versus a gain of 21.74% for SPXL.
Over three years, DYLG compounded at +14.53% per year against +48.85% for SPXL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXL has been the more volatile fund, with annualized monthly volatility of 39.3% compared with 9.3% for DYLG. 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 -14.2% for DYLG 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 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DYLG charges 0.35% per year while SPXL charges 0.84%. On a $10,000 position that is $35 vs $84 annually, a gap of $49 per year that compounds over a long holding period. On income, DYLG currently yields 8.92% against 0.54% for SPXL.
Holdings Overlap
At least 100.0% of DYLG's money is in holdings SPXL also owns.
Stated as a floor: for SPXL, our book for it covers 81.8% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
Most of DYLG is already inside SPXL. Owning both mostly buys the same companies twice.
30 positions in common, counted across the 30 positions we hold weights for in DYLG and 505 in SPXL, against full books of 66 and 1,040.
Top Shared Holdings
| Stock | Weight in DYLG | Weight in SPXL | Difference |
|---|---|---|---|
| GSGoldman Sachs Group Inc/The | 10.17% | 0.27% | 9.90% |
| MSFTMicrosoft Corp | 6.15% | 4.22% | 1.93% |
| AAPLApple Inc | 3.90% | 5.26% | 1.36% |
| CATCaterpillar Inc | 8.39% | 0.36% | 8.03% |
| NVDANvidia Corp | 2.48% | 5.54% | 3.06% |
| GOOGLAlphabet Inc | 3.98% | 2.16% | 1.82% |
| AMZNAmazon.Com Inc | 2.91% | 2.64% | 0.27% |
| VVisa Inc Class A | 4.56% | 0.72% | 3.84% |
| AMGNAmgen Inc. | 4.95% | 0.25% | 4.70% |
| UNHUnitedhealth Group Incorporated | 4.64% | 0.38% | 4.26% |
100.0% of DYLG is already inside SPXL.
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, DYLG or SPXL?
DYLG has an expense ratio of 0.35% while SPXL charges 0.84%. DYLG is the cheaper option, by $49 a year on a $10,000 investment.
Which performed better, DYLG or SPXL?
Over the past year DYLG returned +11.71% vs +20.27% 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, DYLG or SPXL?
SPXL has been the more volatile fund at 39.3% annualized versus 9.3% for DYLG. Worst drawdown: DYLG -14.2% vs SPXL -49.0%.
Should I hold both DYLG and SPXL?
DYLG and SPXL have a monthly-return correlation of 0.85, 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 DYLG and SPXL?
At least 100.0% of DYLG's money is in holdings SPXL also owns. Our book for SPXL is partial, so the real figure is this or higher. They hold 30 positions in common, counted across the 30 positions we hold weights for in DYLG and 505 in SPXL.
Which pays a higher dividend, DYLG or SPXL?
DYLG yields 8.92% while SPXL yields 0.54%, so DYLG currently pays the higher dividend yield.
Is SPXL better than DYLG?
DYLG has a lower expense ratio. SPXL led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.