ATLASDirexion Daily S&P 500 Bull 3X ETF (SPXL): outlook, holdings and fees
Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an exchange-traded fund and is managed by Direxion Funds. The expense ratio is 0.87% and the yield is 0.51%. The ten largest holdings are 9% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SPXL
| Last price | $273.79 (+1.3%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 50% |
| Likely 1-month range (50%) | $255.30 – $293.11 |
| Normal 1-day range (±1σ) | ±2.4% |
| Distribution yield | 0.51% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SPXL fund facts
| Issuer | Direxion Funds |
|---|---|
| Theme | Leveraged |
| Assets under management | $7.4B |
| Expense ratio | 0.87% |
| Number of holdings | 38 |
| Portfolio turnover | 0% |
| Inception | Nov 5, 2008 |
| Exchange | NYSE |
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund is non-diversified.
SPXL top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 1.77% |
| Apple Inc. AAPL | Technology | 1.72% |
| Microsoft Corporation MSFT | Technology | 1.27% |
| Amazon.com Inc AMZN | Consumer Cyclical | 0.82% |
| Alphabet Inc Class A GOOGL | Communication Services | 0.70% |
| Broadcom Inc AVGO | Technology | 0.56% |
| Alphabet Inc Class C GOOG | Communication Services | 0.54% |
| Meta Platforms Inc. META | Communication Services | 0.54% |
| Micron Technology Inc MU | Technology | 0.39% |
| Tesla Inc TSLA | Consumer Cyclical | 0.34% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SPXL sector breakdown
| Sector | Weight |
|---|---|
| Technology | 39.5% |
| Financial Services | 11.4% |
| Communication Services | 10.3% |
| Healthcare | 9.1% |
| Consumer Cyclicals | 8.7% |
| Industrials | 7.5% |
| Consumer Defensive | 4.5% |
| Energy | 3.7% |
| Utilities | 1.9% |
| Real Estate | 1.8% |
| Basic Materials | 1.5% |
By region: North America 99.5%, Europe Developed 0.3%.
SPXL returns and risk
| Year to date | +36.7% |
|---|---|
| 1 year | +39.2% |
| 3 years (annualised) | +56.0% |
| 5 years (annualised) | +23.0% |
| 10 years (annualised) | +30.0% |
| Volatility (3 years) | 38.7% |
| Sharpe ratio (3 years) | 1.19 |
Past returns do not guarantee future results.
SPXL: frequently asked questions
What does SPXL invest in?
Direxion Daily S&P 500 Bull 3X ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (1.8%), Apple Inc. (1.7%), Microsoft Corporation (1.3%), Amazon.com Inc (0.8%), Alphabet Inc Class A (0.7%).
What is the SPXL expense ratio?
0.87% a year: about $87.00 for every $10,000 invested.
What is the SPXL dividend yield?
0.51%. ATLAS does not hold the exact distribution dates for ETFs.
Will SPXL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 50%, with a likely range (50%) of $255.30 to $293.11 from $273.79 today. It is a probability, not a prediction.
How has SPXL performed?
Year to date +36.7%, one year +39.2%, three years +56.0% a year, five years +23.0% a year. Past returns do not guarantee future results.
Similar ETFs: Leveraged
Educational information, not investment advice. Disclaimer