Direxion Daily S&P 500 Bull 3X Shares vs United States Oil ETF — how do they compare? Direxion Daily S&P 500 Bull 3X Shares trades at $270.48, while United States Oil ETF trades at $128.85. The key difference: Direxion Daily S&P 500 Bull 3X Shares is trading nearer its 52-week high, United States Oil ETF nearer its low. Which is the better fit depends on your goals.
| SPXL | USO | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $288.04 | $152.96 |
52-Week Low | $170.20 | $66.17 |
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 →This ETF invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
Read more on USO →