Direxion Daily S&P 500 Bull 3X Shares (SPXL)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P 500 Bull 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Direxion Daily S&P 500 Bull 3X Shares (SPXL) has returned -15.99% so far this year and 32.76% over the past 12 months. Looking at the last ten years, SPXL has achieved an annualized return of 25.32%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Nov 5, 2008, SPXL's average daily return is +0.15%, while the average monthly return is +2.87%. At this rate, your investment would double in approximately 2.0 years.

Historically, 63% of months were positive and 37% 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%.

Direxion Daily S&P 500 Bull 3X Shares has an annualized alpha of 1.03%, beta of 2.93, and R² of 0.99 versus S&P 500 Index. Calculated based on daily prices since November 06, 2008.

• This ETF captured 435.52% of S&P 500 Index gains and 216.69% 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.

SPXL has a high expense ratio of 1.02%, indicating above-average management fees.

SPXL ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) and compare them to a chosen benchmark (S&P 500 Index).

Direxion Daily S&P 500 Bull 3X Shares provided a 0.80% dividend yield over the last twelve months, with an annual payout of $1.48 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Direxion Daily S&P 500 Bull 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Direxion Daily S&P 500 Bull 3X Shares. 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 Shares was 76.86%, occurring on Mar 23, 2020. Recovery took 202 trading sessions.

The current Direxion Daily S&P 500 Bull 3X Shares drawdown is 20.45%.

The chart below shows the rolling one-month volatility.