Direxion Daily S&P 500 Bull 3X Shares vs S&P500 ETF — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while S&P500 ETF trades at $747.89. Which is the better fit depends on your goals.
| SPXL | SPY | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $288.04 | $759.55 |
52-Week Low | $170.20 | $621.75 |
Trailing returns across standard periods
Latest headlines on both assets
SPXL aims for 300% of the S&P 500's daily performance. It uses swaps and futures to provide 3x leverage, making it a high-risk tool for short-term traders. Due to daily resets, it is prone to volatility decay and is not intended for long-term holding.
Read more on SPXL →The ETF is designed to track the performance of the securities and the stocks in the S&P 500 Index. To maintain the composition and weightings, the advisor adjusts the ETF from time to time to conform to periodic changes in the index target.
Read more on SPY →