SPXL
Direxion Daily S&P500 Bull 3X Shares (SPXL)
SPXL (Direxion Daily S&P500 Bull 3X Shares) charges a 0.91% expense ratio. On a $10,000 investment that is about $91.00 per year in fund fees, or about $910 per year on $100,000. The fee is deducted automatically from the fund's value, not billed separately. See how expense ratios work →
Performance (data as of Oct 14, 2026): YTD +4.5%. Dividend yield 0.52%. $6.9B in assets. Past performance does not guarantee future results.
Direxion Daily S&P 500 Bull 3X: three times the daily return of the S&P 500 at 0.89%, reset every day with derivatives. The daily reset makes multi-day returns drift from a clean 3x the index, and in choppy or falling markets that volatility decay compounds against you; SPXL fell roughly 68% in 2022. Built for short-term traders with a directional view, not long-term portfolios, with real risk of near-total loss in a sustained downturn.
✓ Who it's actually for
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Editorial opinion based on documented fund characteristics, not personalized investment advice. ETF BFF is not a registered investment advisor.
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📈 Performance history
Annualized where notedReturns are price-based and exclude dividend reinvestment. Total return will typically be higher by approximately the fund's annual yield. Past performance does not guarantee future results.
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❓ Questions people actually ask about this ETF
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SPXL's expense ratio is 0.91% per year. On a $10,000 investment, that is roughly $91.00 per year in fund fees, automatically deducted from the fund's NAV, not billed separately. What expense ratios cover, and what a good one looks like →
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Direxion Daily S&P 500 Bull 3X: three times the daily return of the S&P 500 at 0.89%, reset every day with derivatives. The daily reset makes multi-day returns drift from a clean 3x the index, and in choppy or falling markets that volatility decay compounds against you; SPXL fell roughly 68% in 2022. Built for short-term traders with a directional view, not long-term portfolios, with real risk of near-total loss in a sustained downturn. Past performance does not guarantee future results. Educational only, not personalized investment advice. ETF BFF is not a registered investment advisor.
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SPXL (Direxion Daily S&P500 Bull 3X Shares) performance history is shown in the chart on this page. For annualized returns over 3-year and 5-year periods, see the performance section above. Past performance does not guarantee future results. Educational only, not personalized investment advice.
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SPXL (Direxion Daily S&P500 Bull 3X Shares) has $6.9B in assets under management. AUM is a measure of fund size and liquidity. Larger funds generally have tighter bid-ask spreads and are less likely to close. It is not a measure of quality or expected returns.
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SPXL has a trailing 12-month dividend yield of 0.52%. ETF dividends are paid to shareholders based on distributions collected from the underlying holdings. Dividend payments are not guaranteed and can vary each quarter based on fund holdings and market conditions. Educational only, not personalized investment advice.
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Use the ETF BFF comparison tool at etfbff.com/research/compare/ to run a side-by-side analysis of SPXL against similar ETFs, covering expense ratios, holdings overlap, performance history, and our plain-English verdict on which one fits your goals.
All answers are educational and general in nature, not personal financial advice. Always verify data with the fund issuer and do your own research before investing.