SPXL

Direxion Daily S&P 500 Bull 3X Shares

3x daily leveraged bull ETF on the S&P 500. Seeks 300% of the S&P 500's daily return. Extremely volatile — NOT for buy-and-hold investors.

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EquityTER 0.97%Acc.US-domiciled

TER

0.97%

AUM

$4B

Holdings

—

Data Range

— → —

Backtest Data Proxy

⚠️ NOT SUITABLE FOR BACKTEST: Leveraged ETFs reset daily. Multi-day returns diverge significantly from the index due to compounding.

Key Facts

ISIN

US25459W5408

Issuer

Direxion

Benchmark

S&P 500 Index (3x daily)

Total Expense Ratio (TER)

0.97%

Assets Under Management

$4B approx.

Inception Date

2008-11-05

Domicile

Legal Structure

Open-End Fund

Dividend Policy

Accumulating (auto-reinvests)

Replication Method

Synthetic (Swap-Based)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

N/A

Top 10 Holdings

Top 10 represent 100.0% of the fund.

AAPLApple Inc. (3x)

21.30%

Technology

MSFTMicrosoft Corp. (3x)

19.50%

Technology

NVDANVIDIA Corp. (3x)

18.30%

Technology

AMZNAmazon.com (3x)

11.40%

Consumer Discretionary

METAMeta Platforms (3x)

7.50%

Communication Services

GOOGLAlphabet (A) (3x)

6.60%

Communication Services

GOOGAlphabet (C) (3x)

5.70%

Communication Services

BRK.BBerkshire (3x)

5.70%

Financials

AVGOBroadcom (3x)

5.40%

Technology

JPMJPMorgan (3x)

4.50%

Financials

Sector Breakdown

Technology

33%

Financials

13%

Healthcare

11%

Consumer Discretionary

10%

Communication Services

Industrials

Consumer Staples

Energy

Source: Official issuer data · Last updated: 2026-05-12

Equivalent ETFs

These ETFs track the same or very similar underlying index:

UPROProShares UltraPro S&P 500

Backtest this ETF Official Fund Page

Who Is This ETF For?

✓Investors preferring automatic dividend reinvestment (no tax event on distributions in many jurisdictions).

Key Risks to Consider

• Market risk: equity values can drop 30-50% in severe bear markets.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

VTI0.03% TER

Vanguard Total Stock Market ETF

Total US Market · Vanguard

VOO0.03% TER

Vanguard S&P 500 ETF

US Large Cap · Vanguard

QQQ0.20% TER

Invesco QQQ Trust

US Large Cap Tech-Heavy · Invesco

IWM0.19% TER

iShares Russell 2000 ETF

US Small Cap · BlackRock

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (SPXL), Direxion (metadata)Last verified: 2026-05-06

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UCITS Equivalent

UPRO

ProShares UltraPro S&P 500

TER 0.91%$3B AUM

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VTI

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QQQ

Invesco QQQ Trust

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VUG

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TER 0.04%$130B AUM

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💬 Frequently Asked Questions

3x daily leveraged bull ETF on the S&P 500. Seeks 300% of the S&P 500's daily return. Extremely volatile — NOT for buy-and-hold investors.

SPXL has a total expense ratio (TER) of 0.97%, which means you pay $97 per year for every $10,000 invested.

SPXL is an accumulating ETF — dividends are automatically reinvested into the fund rather than paid out, which can be more tax-efficient in many jurisdictions.

SPXL is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

SPXL uses synthetic replication via swap contracts, which can reduce tracking error but introduces counterparty risk.

Similar ETFs tracking the same or a very similar index include: UPRO. These may differ in domicile, currency, dividend policy, or expense ratio.