Symbols

SPXL

·ARCA

--(--)

Key Stats

Assets Under Management

5.78BUSD

Fund Flows (1Y)

-674.10MUSD

Dividend Yield

0.76%

Discount/Premium to NAV

Shares Outstanding

26.40M

Expense Ratio

0.87%

About Direxion Daily S&P 500 Bull 3X Shares

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-sp-500-bull-bear-3x-etfs

Inception Date

Nov 5, 2008

Structure

Open-Ended Fund

Index Tracked

S&P 500

Management Style

Passive

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

Asset Class

Equity

	1-Month	3-Month	YTD	1-Year	3-Year	5-Year
Price Performance	+3.86%	+5.81%	+27.71%	+17.19%	+222.19%	+222.38%
NAV Total Return	+0.95%	+11.05%	+32.61%	+19.86%	+223.56%	+246.48%

No data is currently available

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Holdings Analysis

Sector

Technology

35.55%

Financial Services

12.85%

Communication Services

10.99%

Consumer Cyclical

10.42%

Healthcare

9.53%

Industrials

7.39%

Consumer Defensive

4.79%

Energy

2.88%

Utilities

2.28%

Asset

Region

99.48%

0.41%

0.12%

Investment Style

Mega

Large

Medium

Multi

Small

Value

Blend

Growth

Large-Cap Blend

Invests in large-cap companies with both growth and value characteristics. These ETFs offer diversified exposure to stable, well-established companies.

See more ETFs with the same investment style

Top 10 Holdings

Symbol

Ratio

S&P 500 INDEX SWAP

58.69%

S&P 500 INDEX SWAP-1

45.59%

S&P 500 INDEX SWAP-2

33.98%

S&P 500 INDEX SWAP-3

31.72%

S&P 500 INDEX SWAP-4

30.49%

S&P 500 INDEX SWAP-5

29.82%

DREYFUS TRSRY SECURITIES CASH MGMT

13.95%

DREYFUS GOVT CASH MAN INS

12.60%

GOLDMAN FINL SQ TRSRY INST 506

5.25%

NVDA

Nvidia

4.96%

Top 10 Weight 267.06%

514 Total Holdings

Dividends

Dividend Payout History

Declaration Date	Record Date	Payment Date	Amount
2025-09-23	2025-09-23	2025-09-30	0.284
2025-06-24	2025-06-24	2025-07-01	0.573
2025-03-25	2025-03-25	2025-04-01	0.493
2024-12-23	2024-12-23	2024-12-31	0.321
2024-09-24	2024-09-24	2024-10-01	0.193
2024-06-25	2024-06-25	2024-07-02	0.337
2024-03-19	2024-03-20	2024-03-26	0.395

Premium/Discount Chart

Premium/Discount to NAV

Price

Assets Under Management

Fund Flows

Inflows

Outflows