Direxion Daily S&P 500 Bull 3X SharesDirexion Daily S&P 500 Bull 3X SharesDirexion Daily S&P 500 Bull 3X Shares

Direxion Daily S&P 500 Bull 3X Shares

No trades
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Key stats


Assets under management (AUM)
‪5.83 B‬USD
Fund flows (1Y)
‪−501.56 M‬USD
Dividend yield (indicated)
0.66%
Discount/Premium to NAV
0.08%

About Direxion Daily S&P 500 Bull 3X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.91%
Inception date
Nov 5, 2008
Index tracked
S&P 500
Management style
Passive
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
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Committee

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of December 2, 2024
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Cash
Stocks85.15%
Electronic Technology18.45%
Technology Services16.66%
Finance11.17%
Retail Trade6.92%
Health Technology6.89%
Consumer Non-Durables3.36%
Producer Manufacturing3.17%
Consumer Services2.67%
Commercial Services2.38%
Energy Minerals2.25%
Consumer Durables2.16%
Utilities2.12%
Health Services1.66%
Process Industries1.39%
Transportation1.29%
Industrial Services0.83%
Communications0.78%
Distribution Services0.56%
Non-Energy Minerals0.40%
Miscellaneous0.05%
Bonds, Cash & Other14.85%
Cash14.85%
Stock breakdown by region
99%0.1%
North America99.95%
Europe0.05%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows