SPXL Direxion Daily S&P 500 Bull 3X Shares

*Unless otherwise stated, data provided by FactSet.

What is SPXL?

SPXL provides daily leveraged exposure to a market-cap-weighted index of 500 large-cap and mid-cap US companies selected by the S&P Committee.

SPXL Factset Analytics Insight

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

PERFORMANCE [as of 03/22/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPXL -5.21% 5.40% 4.54% -44.97% 50.59% 9.83% 21.95%
SPXL (NAV) -5.15% 5.47% 4.46% -45.00% 50.12% 9.86% 21.96%
S&P 500 -1.19% 3.45% 2.96% -11.23% 21.45% 10.21% 11.86%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPXL Summary Data

Direxion
11/05/08
Open-Ended Fund
1.00%
$2.55B
0.02%

SPXL Portfolio Data

0.72%
N/A

SPXL Index Data

S&P 500
Market Cap
Committee
N/A

SPXL Fund Structure

Yes
No
-- / --
N/A
N/A
Low
3
Daily

SPXL Tax Exposures

20.00% / 39.60%
--
No

SPXL Factset Analytics Block Liquidity

As of 03/23/23
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SPXL. SPXL is rated a 5 out of 5.

SPXL Tradability

15,191,932
$1.05B
14,982,144
$1.06B
0.02%
$0.01
0.02%
0.32% / -0.24%
None
100.00%
50,000
299.64
0.00%
--
68,850
$64.65
5