TTXU vs. SPXL

Last updated Jun 23, 2026

TTXU (Direxion Daily Technology Top 5 Bull 2X ETF) and SPXL (Direxion Daily S&P 500 Bull 3X ETF) are both Leveraged Equities funds from Direxion - TTXU tracks the S&P 500 Information Technology Top 5 Equal Capped Index while SPXL tracks the S&P 500. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. TTXU charges 0.98%/yr vs 0.84%/yr for SPXL.

Performance

TTXU vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Technology Top 5 Bull 2X ETF (TTXU) and Direxion Daily S&P 500 Bull 3X ETF (SPXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTXU achieves a 58.33% return, which is significantly higher than SPXL's 22.70% return.

TTXU

• 1D: -0.51%
• 1M: 20.59%
• YTD: 58.33%
• 6M: 54.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPXL

• 1D: -0.94%
• 1M: -1.11%
• YTD: 22.70%
• 6M: 20.82%
• 1Y: 75.56%
• 3Y*: 48.64%
• 5Y*: 22.24%
• 10Y*: 30.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TTXU vs. SPXL - Yearly Performance Comparison

	2026 (YTD)	2025
TTXU Direxion Daily Technology Top 5 Bull 2X ETF	58.33%	-14.75%
SPXL Direxion Daily S&P 500 Bull 3X ETF	22.70%	4.19%

Correlation

The correlation between TTXU and SPXL is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.69

Return for Risk

TTXU vs. SPXL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TTXU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SPXL

SPXL Risk / Return Rank: 59
SPXL Sharpe Ratio Rank: 64
SPXL Sortino Ratio Rank: 53
SPXL Omega Ratio Rank: 55
SPXL Calmar Ratio Rank: 59
SPXL Martin Ratio Rank: 65

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.

TTXU vs. SPXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Top 5 Bull 2X ETF (TTXU) and Direxion Daily S&P 500 Bull 3X ETF (SPXL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	TTXU	SPXL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.05	—
Sortino ratio: Return per unit of downside risk	—	2.49	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.84	—
Martin ratio: Return relative to average drawdown	—	11.62	—

Drawdowns

TTXU vs. SPXL - Drawdown Comparison

The maximum TTXU drawdown since its inception was -51.47%, smaller than the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for TTXU and SPXL.

Drawdown Indicators

	TTXU	SPXL	Difference
Max Drawdown Largest peak-to-trough decline	-51.47%	-76.86%	+25.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.77%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.95%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-76.86%	—
Current Drawdown Current decline from peak	-11.69%	-6.24%	-5.45%
Average Drawdown Average peak-to-trough decline	-22.38%	-16.10%	-6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.52%	—

Volatility

Volatility by Period

	TTXU	SPXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	64.35%	37.20%	+27.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.35%	50.50%	+13.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.35%	53.56%	+10.79%

TTXU vs. SPXL - Expense Ratio Comparison

TTXU has a 0.98% expense ratio, which is higher than SPXL's 0.84% expense ratio.

Dividends

TTXU vs. SPXL - Dividend Comparison

TTXU's dividend yield for the trailing twelve months is around 0.33%, less than SPXL's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXL Direxion Daily S&P 500 Bull 3X ETF	0.55%	0.69%	0.74%	0.98%	0.32%	0.11%	0.22%	0.84%	1.02%	3.88%
TTXU Direxion Daily Technology Top 5 Bull 2X ETF	0.33%	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTXU and SPXL in my portfolio?

TTXU and SPXL have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TTXU or SPXL?

On fees, SPXL is cheaper at 0.84% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TTXU or SPXL?

SPXL is cheaper with a 0.84% expense ratio, compared with 0.98% for TTXU.

Which ETF pays a higher dividend yield, TTXU or SPXL?

SPXL has the higher dividend yield at 0.55%, compared with 0.33% for TTXU.

What is the main difference between TTXU and SPXL?

TTXU tracks S&P 500 Information Technology Top 5 Equal Capped Index, while SPXL tracks S&P 500. Their fees differ too: 0.98% for TTXU and 0.84% for SPXL.