Key stats
About DIREXION SHARES ETF TRUST
Expense ratio
0.91%
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Inception date
Nov 5, 2008
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
Electronic Technology
Technology Services
Finance
Cash
Stocks86.22%
Electronic Technology19.06%
Technology Services16.80%
Finance10.97%
Health Technology7.50%
Retail Trade6.87%
Consumer Non-Durables3.52%
Producer Manufacturing3.16%
Consumer Services2.65%
Commercial Services2.38%
Energy Minerals2.36%
Utilities2.17%
Consumer Durables1.73%
Health Services1.70%
Process Industries1.47%
Transportation1.31%
Industrial Services0.80%
Communications0.79%
Distribution Services0.55%
Non-Energy Minerals0.43%
Bonds, Cash & Other13.78%
Cash13.78%
Stock breakdown by region
North America99.95%
Europe0.05%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history