Key stats
About DIREXION DAILY S&P 500® BULL 3X SHARES
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Inception date
Nov 5, 2008
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
SPXL, as a levered product, is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x exposure to the S&P 500. The fund gets the added exposure by using futures contracts and other derivatives. The underlying companies are among the biggest and most well-known in the world. Importantly, the implication of SPXL's daily rebalancing is that holding-period returns longer than a day are unlikely to resemble 3x exposure to the S&P 500. Shorter holding periods increase the importance of trading costs relative to yearly management costs, which are fairly high but average for this segment. Over longer periods, returns can vary significantly from 2x exposure to its underlying index
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Finance
Cash
Stocks71.18%
Technology Services14.99%
Electronic Technology14.98%
Finance10.89%
Retail Trade5.68%
Health Technology5.49%
Consumer Non-Durables2.85%
Producer Manufacturing2.37%
Consumer Services2.16%
Utilities1.80%
Consumer Durables1.73%
Energy Minerals1.69%
Transportation1.45%
Process Industries1.08%
Health Services1.05%
Commercial Services0.74%
Communications0.71%
Industrial Services0.66%
Distribution Services0.49%
Non-Energy Minerals0.33%
Miscellaneous0.03%
Bonds, Cash & Other28.82%
Cash28.82%
Stock breakdown by region
North America97.43%
Europe2.57%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPXL invests in stocks. The fund's major sectors are Technology Services, with 14.99% stocks, and Electronic Technology, with 14.98% of the basket. The assets are mostly located in the North America region.
SPXL last dividends amounted to 9.91 MXN. The quarter before, the issuer paid 6.47 MXN in dividends, which shows a 34.70% increase.
SPXL assets under management is 89.51 B MXN. It's risen 22.78% over the last month.
SPXL fund flows account for −214.02 M MXN (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SPXL pays dividends to its holders with the dividend yield of 0.91%. The last dividend (Apr 1, 2025) amounted to 9.91 MXN. The dividends are paid quarterly.
SPXL shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Nov 5, 2008, and its management style is Passive.
SPXL expense ratio is 0.87% meaning you'd have to pay 0.87% of your investment to help manage the fund.
SPXL follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPXL invests in stocks.
SPXL price has risen by 27.73% over the last month, and its yearly performance shows a 22.81% increase. See more dynamics on SPXL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 22.09% over the last month, showed a −22.58% decrease in three-month performance and has increased by 24.28% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 22.09% over the last month, showed a −22.58% decrease in three-month performance and has increased by 24.28% in a year.
SPXL trades at a premium (0.40%) meaning the ETF is trading at a higher price than the calculated NAV.