SPXL

Direxion Daily S&P 500 Bull 3x Shares
*Unless otherwise stated, data provided by FactSet.

SPXL Fund Description

The Direxion Daily S&P 500 Bull 3x Shares provides daily leveraged exposure to the S&P 500, an index of mostly large-cap US equities.

SPXL Factset Analytics Insight

As a levered product, SPXL is not a buy-and-hold ETF; it's a short-term tactical instrument for getting 3x exposure to the S&P 500. SPXL 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. Fortunately, SPXL trades with tight average spreads amidst ample daily volume.

SPXL CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/19/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPXL 6.12% 15.91% 22.12% 49.05% 45.18% 34.35% --
SPXL (NAV) 6.08% 15.91% 22.71% 49.00% 45.12% 35.88% --
S&P 500 2.20% 5.76% 10.29% 18.26% 16.47% 13.37% --
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
1.04%
$947.13M
0.02%

SPXL Portfolio Data

3.20%
09/25/18

SPXL Index Data

S&P 500
Market Cap
Committee
N/A

SPXL Fund Structure

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

SPXL Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

SPXL Factset Analytics Block Liquidity

As of 09/20/18
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

2,350,276
$118.95M
2,279,199
$116.20M
0.02%
$0.01
-0.02%
0.48% / -0.25%
None
0.00%
50,000
45.58
0.05%
0.90%
30,476
$54.13
5

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