Direxion Daily S&P 500 Bull 3X Shares (SPXL) ETF Holdings & Analysis

What SPXL does

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 Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how SPXL fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does SPXL track?

SPXL is the Direxion Daily S&P 500 Bull 3X Shares, a Other ETF.

What is the expense ratio of SPXL?

Expense ratio data for SPXL is shown on the page when available from our data provider.

What are the largest holdings in SPXL?

Top holdings include SPX SWAP ASSET LEG (SPXMLL), SPX SWAP ASSET LEG (SPXGSL), SPX SWAP ASSET LEG (SPXJPL), SPX SWAP ASSET LEG (SPXBPL), SPX SWAP ASSET LEG (SPXUBL).

How can PortView analyze SPXL overlap with other ETFs?

PortView computes the holdings overlap between SPXL and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.