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SPXL vs SCHD: which was the better investment?

Direxion Daily S&P 500 Bull 3X Shares against Schwab U.S. Dividend Equity ETF on real daily total-return data — every dividend reinvested, from Oct 20, 2011 to Jul 15, 2026.

SPXL (3x S&P 500)SCHD
15 years of daily dataDividends reinvestedUpdated daily

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SPXLDirexion Daily S&P 500 Bull 3X Shares
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SCHD
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Browse all match-ups on the comparison hub, build your own in the Compare Investments tool, or check a single asset's exact-date returns with the Investment Calculator.

Frequently asked questions

Did SPXL beat SCHD?

Yes — measured from Oct 20, 2011 to Jul 15, 2026 with dividends reinvested, SPXL came out ahead: $648,756 versus $62,063 from a $10,000 start. That gap compounds from a 32.7% annual return against 13.2%.

What would $10,000 in SPXL be worth today?

$10,000 invested in Direxion Daily S&P 500 Bull 3X Shares (SPXL) on Oct 20, 2011 would be worth about $648,756 as of Jul 15, 2026, a total return of 6387.6% (32.7% per year). The same $10,000 in SCHD would be worth $62,063.

Which was riskier — SPXL or SCHD?

SPXL swung with an annualized volatility of 49.9% and a worst peak-to-trough drop of -76.9%; SCHD ran at 15.4% volatility with a -33.4% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.62 for SPXL vs 0.73 for SCHD.

What data is this comparison based on?

Daily adjusted closing prices covering Oct 20, 2011 through Jul 15, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.

Can I change the dates, amounts, or add monthly investing?

Yes — the interactive tool on this page is pre-loaded with SPXL vs SCHD. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.