Comparing Cardano Versus Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares Reveals New High
By CryptocurrenciesChannel Staff, 10/1/2022
Here at CryptocurrenciesChannel.com
, we find it interesting to track various ETF and stock prices versus various digital assets over time.
We noticed that as of 10/1/2022, Cardano ($ADA) can buy you the least
amount of Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares shares, in the past year. For example, if you had 100 Cardano coins and wished to buy shares of SPXS with the proceeds, you would only be able to buy 1.47 shares of SPXS. That's versus a high amount of 12.77 shares over the trailing twelve months. Here's how this relationship looks charted, over the past year:
The main driver of the above bar chart has, of course, been the performance of Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares shares, relative to the performance of Cardano; and here's how the two compare over the past year on a total return basis:
Check out our Cardano historical price chart
and Direxion Shares ETF Trust - Daily S&P 500 Bear 3X Shares vs Crypto
pages for additional charts.
Note that any stock splits and/or dividends are included when we calculate the SPXS returns.
Be sure to follow us at CryptocurrenciesChannel.com
for more interesting stock market vs. digital asset comparisons!