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ETFs

Direxion Daily S&P 500 Bull 3x Shares

SPXL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 05 2008
Expense Ratio
0.93%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$615,093,756
AUM
$2,931,520,729
Associated Index
S&P 500 Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
3.36%
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DREYFUS GOVT CASH MAN INS
2.68%
AAPL
Apple Inc
1.73%
MSFT
Microsoft Corporation
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AMZN
Amazon.com Inc.
0.79%
NVDA
NVIDIA Corp
0.69%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
0.52%
n/a
DREYFUS TRSRY SECURITIES CASH MGMT
0.46%
TSLA
Tesla Inc
0.46%
META
Meta Platforms Inc - Ordinary Shares - Class A
0.45%
Invest with SPXL

What is SPXL?

The Large Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell 1000 Index (Large Cap Index). There is no guarantee the fund will meet its stated investment objective.

ETFs related toSPXL

ETFs correlated to SPXL include SPY, SSO, UPRO

SPXL
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares
SPY
SSgA Active Trust - SPDR S&P 500 ETF Trust
SSO
ProShares Trust - ProShares Ultra S&P500 2x Shares
UPRO
ProShares Trust - ProShares UltraPro S&P 500 ETF 3x Shares
IVV
BlackRock Institutional Trust Company N.A. - iShares Core S&P 500 ETF
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
SPLG
SPDR Series Trust - SPDR Portfolio S&P 500 ETF
SCHX
Schwab Strategic Trust - Schwab U.S. Large-Cap ETF
VV
Vanguard Group, Inc. - Vanguard Large Cap ETF
ESGU
iShares Trust - iShares Trust iShares ESG Aware MSCI USA ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSPXL

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SPXL using Composer

FAQ

SPXL is a US Equities ETF. The Large Cap Bull 3X ETF seeks daily investment results before fees and expenses of 300% of the price performance of the Russell 1000 Index (Large Cap Index). There is no guarantee the fund will meet its stated investment objective.

SPXL tracks the S&P 500 Index.

No, SPXL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPXL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPXL is -0.0352%. This is the percent change in the value of SPXL over the most recent 1-month period. The 3-month return on SPXL is -0.0237%. This is the percent change in the value of SPXL over the most recent 3-month period.

The standard deviation of SPXL for the past year is 0.5152%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPXL include UAPR, UAUG, and ACIO.

ETFs correlated to SPXL include SPY, SSO, and UPRO.

ETFs that are inversely correlated to SPXL include SDS, SPXS, and SPXU.

Yes, SPXL is a Leveraged (3x) ETF: This means that SPXL will try to match the performance of S&P 500 Index, but with 3x the returns.

Yes, SPXL is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P 500 Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.