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ISIN
US25459W8626
CUSIP
25459W862
Issuer
Direxion
Inception Date
Nov 5, 2008
Region
North America (U.S.)
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

Share Price Chart


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Performance

SPXL Performance Chart

Direxion Daily S&P 500 Bull 3X ETF (SPXL) is up 23.9% since the beginning of the year. SPXL is currently trading at $273 per share. Investors who bought $1,000 worth of SPXL shares 5 years ago would now be looking at an investment worth $2,908.


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S&P 500 Index

Returns By Period

Direxion Daily S&P 500 Bull 3X ETF (SPXL) has returned 23.87% so far this year and 77.22% over the past 12 months. Looking at the last ten years, SPXL has achieved an annualized return of 30.05%, outperforming the S&P 500 Index benchmark, which averaged 13.54% per year.


Direxion Daily S&P 500 Bull 3X ETF

1D
2.89%
1M
-0.17%
YTD
23.87%
6M
24.20%
1Y
77.22%
3Y*
46.89%
5Y*
23.80%
10Y*
30.05%

Benchmark (S&P 500 Index)

1D
0.00%
1M
-0.71%
YTD
8.39%
6M
8.57%
1Y
24.33%
3Y*
18.94%
5Y*
12.24%
10Y*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 +3.00%. At this rate, an 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.34%-3.61%-15.66%33.25%15.54%-4.23%23.87%
20256.69%-5.06%-17.57%-8.76%18.23%15.00%5.92%5.01%9.93%5.82%-0.67%-0.88%31.94%
20243.43%14.75%8.93%-12.99%14.30%9.83%1.81%5.02%5.10%-4.04%17.39%-8.49%63.61%
202318.26%-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 1.42%, beta of 2.92, 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 214.70% of its losses - amplifying both gains and losses, but participating more in upside than downside.
  • Beta of 2.92 means this ETF moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.

Alpha
1.42%
Beta
2.92
0.99
Upside Capture
439.35%
Downside Capture
214.70%

Expense Ratio

SPXL has an expense ratio of 0.84%, placing it in the medium range.


Return for Risk

Risk / Return Rank

SPXL ranks 59 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.


SPXL Risk / Return Rank: 5959
Overall Rank
SPXL Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
SPXL Sortino Ratio Rank: 5353
Sortino Ratio Rank
SPXL Omega Ratio Rank: 5555
Omega Ratio Rank
SPXL Calmar Ratio Rank: 5959
Calmar Ratio Rank
SPXL Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by 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.


SPXLBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.10

Sortino ratioReturn per unit of downside risk

-0.16

Omega ratioGain probability vs. loss probability

1.33

1.35

-0.02

Calmar ratioReturn relative to maximum drawdown

2.83

2.66

+0.18

Martin ratioReturn relative to average drawdown

11.63

11.86

-0.24

Dividends

Dividend History

Direxion Daily S&P 500 Bull 3X ETF provided a 0.54% 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.


0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.50201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020201920182017
Dividend$1.48$1.52$1.24$1.02$0.20$0.16$0.16$0.56$0.34$1.72

Dividend yield

0.54%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.45$0.00$0.00$0.00$0.45
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.


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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 5.35%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-76.86%Mar 2020
1mo 2d9mo 21d
10mo 23dFeb 2020 - Jan 2021
Financial crisis2007–2009
-74.67%Mar 2009
4mo 4d8mo 12d
1y 11dNov 2008 - Nov 2009
Bear market2022
-63.80%Oct 2022
9mo 11d1y 8mo
2y 5moJan 2022 - Jun 2024
2011 bear market2011
-53.81%Oct 2011
5mo 4d11mo 16d
1y 4moMay 2011 - Sep 2012
Rate-hike selloffLate 2018
-50.17%Dec 2018
3mo 4d6mo 20d
9mo 24dSep 2018 - Jul 2019

Drawdown Indicators


SPXLBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-5.35%

-2.49%

-2.86%

Average Drawdown

Average peak-to-trough decline

-16.10%

-10.72%

-5.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.51%

2.03%

+4.48%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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