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Direxion Daily S&P 500 Bull 3X Shares (SPXL)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US25459W8626

CUSIP

25459W862

Issuer

Direxion

Inception Date

Nov 5, 2008

Region

North America (U.S.)

Leveraged

3x

Index Tracked

S&P 500 Index (300%)

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

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


Expense ratio chart for SPXL: current value at 1.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.02%

Share Price Chart


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Compare to other instruments

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


Performance

Performance Chart

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.


-20.00%-10.00%0.00%10.00%20.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
20.97%
9.23%
SPXL (Direxion Daily S&P 500 Bull 3X Shares)
Benchmark (^GSPC)

Returns By Period

Direxion Daily S&P 500 Bull 3X Shares had a return of 71.76% year-to-date (YTD) and 73.18% in the last 12 months. Over the past 10 years, Direxion Daily S&P 500 Bull 3X Shares had an annualized return of 23.81%, outperforming the S&P 500 benchmark which had an annualized return of 11.23%.


SPXL

YTD

71.76%

1M

-0.73%

6M

22.39%

1Y

73.18%

5Y*

22.65%

10Y*

23.81%

^GSPC (Benchmark)

YTD

26.63%

1M

1.18%

6M

10.44%

1Y

27.03%

5Y*

13.30%

10Y*

11.23%

Monthly Returns

The table below presents the monthly returns of SPXL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20243.43%14.75%8.93%-12.99%14.30%9.83%1.81%5.02%5.10%-4.04%17.39%71.76%
202318.26%-8.60%9.45%3.68%-0.05%19.01%9.01%-6.30%-14.73%-7.88%28.25%12.90%69.48%
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%
2020-0.88%-23.27%-48.17%37.24%13.37%3.27%17.70%21.93%-12.23%-8.58%35.21%11.19%9.64%
201924.01%9.26%4.89%11.85%-18.70%21.45%3.58%-6.67%5.38%5.60%10.83%8.37%102.80%
201816.94%-12.75%-8.71%-0.17%6.50%1.49%10.44%9.27%1.27%-20.82%4.30%-26.17%-25.11%
20175.01%11.87%-0.18%2.70%3.73%1.43%5.86%0.19%5.61%6.91%8.83%3.58%71.03%
2016-15.67%-1.43%21.34%0.78%4.70%-0.27%11.20%0.00%-0.64%-5.66%10.87%6.00%30.01%
2015-9.27%17.31%-5.28%2.62%3.42%-6.28%6.09%-18.90%-8.75%26.86%0.62%-5.99%-5.52%
2014-10.77%13.81%2.05%1.62%6.44%6.32%-4.50%11.99%-4.54%6.11%8.30%-1.68%37.49%
201315.64%3.00%11.48%5.53%6.87%-5.72%16.95%-9.31%9.81%13.36%8.87%7.61%118.37%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 77, SPXL is among the top 23% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of SPXL is 7777
Overall Rank
The Sharpe Ratio Rank of SPXL is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 7474
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 7676
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 7474
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 8181
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 3X Shares (SPXL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The chart of Sharpe ratio for SPXL, currently valued at 2.01, compared to the broader market0.002.004.002.012.16
The chart of Sortino ratio for SPXL, currently valued at 2.42, compared to the broader market-2.000.002.004.006.008.0010.002.422.87
The chart of Omega ratio for SPXL, currently valued at 1.34, compared to the broader market0.501.001.502.002.503.001.341.40
The chart of Calmar ratio for SPXL, currently valued at 2.37, compared to the broader market0.005.0010.0015.002.373.19
The chart of Martin ratio for SPXL, currently valued at 12.00, compared to the broader market0.0020.0040.0060.0080.00100.0012.0013.87
SPXL
^GSPC

The current Direxion Daily S&P 500 Bull 3X Shares Sharpe ratio is 2.01. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Direxion Daily S&P 500 Bull 3X Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
2.01
2.07
SPXL (Direxion Daily S&P 500 Bull 3X Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Direxion Daily S&P 500 Bull 3X Shares provided a 0.70% dividend yield over the last twelve months, with an annual payout of $1.25 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.502017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017
Dividend$1.25$1.02$0.20$0.16$0.16$0.56$0.34$1.72

Dividend yield

0.70%0.98%0.33%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 Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.40$0.00$0.00$0.34$0.00$0.00$0.19$0.00$0.00$0.32$1.25
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$0.12$0.16
2020$0.00$0.00$0.00$0.00$0.00$0.05$0.00$0.00$0.00$0.00$0.00$0.12$0.16
2019$0.00$0.00$0.00$0.00$0.00$0.29$0.00$0.00$0.00$0.00$0.00$0.26$0.56
2018$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.11$0.00$0.00$0.21$0.34
2017$1.72$1.72

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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.23%
-1.91%
SPXL (Direxion Daily S&P 500 Bull 3X Shares)
Benchmark (^GSPC)

Worst Drawdowns

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 6.23%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-76.86%Feb 20, 202023Mar 23, 2020202Jan 8, 2021225
-71.32%Nov 6, 200883Mar 9, 2009132Sep 15, 2009215
-63.8%Jan 4, 2022195Oct 12, 2022418Jun 12, 2024613
-53.81%May 2, 2011108Oct 3, 2011239Sep 13, 2012347
-50.17%Sep 21, 201865Dec 24, 2018137Jul 12, 2019202

Volatility

Volatility Chart

The current Direxion Daily S&P 500 Bull 3X Shares volatility is 11.56%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
11.56%
3.82%
SPXL (Direxion Daily S&P 500 Bull 3X Shares)
Benchmark (^GSPC)