Direxion Daily S&P 500 Bull 3X Shares vs ProShares Ultra Semiconductors — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.65, while ProShares Ultra Semiconductors trades at $90.45. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, ProShares Ultra Semiconductors nearer its low. Which is the better fit depends on your goals.
| SPXL | USD | |
|---|---|---|
Sector | Leveraged / Inverse | Leveraged / Inverse |
52-Week High | $288.04 | $113.53 |
52-Week Low | $170.20 | $39.58 |
Trailing returns across standard periods
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 →USD is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Semiconductors™ Index. It is a tactical instrument designed for sophisticated traders looking to magnify short-term bullish views on the U.S. semiconductor industry, specifically focusing on large-cap leaders in the chip and equipment space.
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