- ISIN
- US25459W8626
- CUSIP
- 25459W862
- Issuer
- Direxion
- Inception Date
- Nov 5, 2008
- Region
- North America (U.S.)
- Category
- Leveraged Equities, S&P 500
- Leveraged
- 3x
- Index Tracked
- S&P 500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $7B
Highlights
- Avg. Volume (1M)
- 2M
- Avg. Volume Value (1M)
- $462.79M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
SPXL Performance Chart
Direxion Daily S&P 500 Bull 3X ETF (SPXL) is up 22.1% since the beginning of the year. SPXL is currently trading at $268 per share. Investors who bought $1,000 worth of SPXL shares 5 years ago would now be looking at an investment worth $2,446.
Loading charts...
Compare this symbol against anything
Returns By Period
Direxion Daily S&P 500 Bull 3X ETF (SPXL) has returned 22.10% so far this year and 46.86% over the past 12 months. Looking at the last ten years, SPXL has achieved an annualized return of 28.61%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Direxion Daily S&P 500 Bull 3X ETF
- 1D
- 2.01%
- 1M
- -0.66%
- 6M
- 18.15%
- YTD
- 22.10%
- 1Y
- 46.86%
- 3Y*
- 41.56%
- 5Y*
- 19.59%
- 10Y*
- 28.61%
- ALL TIME*
- 27.32%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 18.15%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
SPXL Monthly Returns History
Based on dividend-adjusted daily data since Nov 5, 2008, SPXL's average daily return is +0.16%, while the average monthly return is +2.98%. At this rate, an investment would double in approximately 2.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +37.2%, while the worst month was Mar 2020 at -48.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, SPXL closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +27.8%, while the worst single day was Mar 16, 2020 at -33.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.34% | -3.61% | -15.66% | 33.25% | 15.54% | -4.73% | -0.91% | 22.10% | |||||
| 2025 | 6.69% | -5.06% | -17.57% | -8.76% | 18.23% | 15.00% | 5.92% | 5.01% | 9.93% | 5.82% | -0.67% | -0.88% | 31.94% |
| 2024 | 3.43% | 14.75% | 8.93% | -12.99% | 14.30% | 9.83% | 1.81% | 5.02% | 5.10% | -4.04% | 17.39% | -8.49% | 63.61% |
| 2023 | 18.26% | -8.60% | 9.45% | 3.68% | -0.05% | 19.01% | 9.01% | -6.30% | -14.73% | -7.88% | 28.25% | 12.90% | 69.49% |
| 2022 | -15.80% | -9.91% | 10.13% | -25.43% | -2.12% | -24.91% | 28.78% | -13.32% | -26.82% | 23.18% | 14.53% | -17.67% | -56.55% |
| 2021 | -3.76% | 7.88% | 13.25% | 16.21% | 1.35% | 6.57% | 6.85% | 8.96% | -13.78% | 21.73% | -2.66% | 13.23% | 98.75% |
Benchmark Metrics
Direxion Daily S&P 500 Bull 3X ETF has an annualized alpha of 1.20%, beta of 2.93, and R2 of 0.99 versus S&P 500 Index. Calculated based on daily prices since November 05, 2008.
- This ETF captured 439.35% of S&P 500 Index gains and 216.52% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Beta of 2.93 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 1.20%
- Beta
- 2.93
- R²
- 0.99
- Upside Capture
- 439.35%
- Downside Capture
- 216.52%
Expense Ratio
SPXL has an expense ratio of 0.84%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SPXL ranks 51 for risk / return — above 51% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X ETF (SPXL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPXL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.00 | -0.24 |
| Martin ratioReturn relative to average drawdown | 6.74 | 8.49 | -1.76 |
Dividends
Dividend History
Direxion Daily S&P 500 Bull 3X ETF provided a 0.53% dividend yield over the last twelve months, with an annual payout of $1.43 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.43 | $1.52 | $1.24 | $1.02 | $0.20 | $0.16 | $0.16 | $0.56 | $0.34 | $1.72 |
Dividend yield | 0.53% | 0.69% | 0.74% | 0.98% | 0.32% | 0.11% | 0.22% | 0.84% | 1.02% | 3.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P 500 Bull 3X ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.52 | $0.00 | $0.97 | |||||
| 2025 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.17 | $1.52 |
| 2024 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.32 | $1.24 |
| 2023 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.30 | $1.02 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily S&P 500 Bull 3X ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily S&P 500 Bull 3X ETF was 76.86%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.
The current Direxion Daily S&P 500 Bull 3X ETF drawdown is 6.70%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-76.86%Mar 2020 | 1mo 2d | 9mo 21d | 10mo 23dFeb 2020 - Jan 2021 | COVID crash2020 |
-74.67%Mar 2009 | 4mo 4d | 8mo 12d | 1y 11dNov 2008 - Nov 2009 | Financial crisis2007–2009 |
-63.80%Oct 2022 | 9mo 11d | 1y 8mo | 2y 5moJan 2022 - Jun 2024 | Bear market2022 |
-53.81%Oct 2011 | 5mo 4d | 11mo 16d | 1y 4moMay 2011 - Sep 2012 | — |
-50.17%Dec 2018 | 3mo 4d | 6mo 20d | 9mo 24dSep 2018 - Jul 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| SPXL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.86% | -56.78% | -20.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.77% | -9.10% | -17.67% |
Max Drawdown (3Y)Largest decline over 3 years | -48.95% | -18.90% | -30.05% |
Max Drawdown (5Y)Largest decline over 5 years | -63.80% | -25.43% | -38.37% |
Max Drawdown (10Y)Largest decline over 10 years | -76.86% | -33.92% | -42.94% |
Current DrawdownCurrent decline from peak | -6.70% | -1.58% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -16.04% | -10.70% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.98% | 2.14% | +4.84% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with SPXL
Add Direxion Daily S&P 500 Bull 3X ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with SPXL