(SPXL) Direxion Daily S&P500 Bull - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US25459W8626 • Trading--Leveraged Equity
SPXL: Stocks, ETFs, Swap Agreements
The Direxion Daily S&P 500® Bull 3X Shares (SPXL) is a leveraged exchange-traded fund (ETF) designed to provide 3x daily returns of the S&P 500 Index. Under normal market conditions, the fund allocates at least 80% of its net assets (plus borrowing for investment purposes) to financial instruments like swap agreements, securities of the index, and ETFs tracking the index. This structure aims to deliver triple the daily performance of the S&P 500, making it a tool for investors seeking amplified exposure to large-cap U.S. equities.
The S&P 500 Index is a benchmark of 500 leading large-cap U.S.-listed companies, representing a broad slice of the American economy. SPXL, however, is a non-diversified fund, meaning it can concentrate its holdings in a smaller number of securities, which may increase volatility. This fund is domiciled in the United States and is listed on the NYSE ARCA under the ticker symbol SPXL.
With over $5 billion in assets under management (AUM), SPXL is one of the more substantial leveraged ETFs in the market. It falls under the category of trading-focused leveraged equity funds, designed for short-term tactical bets rather than long-term investment. The funds use of derivatives, particularly swap agreements, allows it to achieve its 3x leverage but also introduces risks such as daily reset mechanisms and potential tracking error over longer periods.
Investors should note that SPXL is structured to provide 3x exposure on a daily basis. This means its returns can diverge significantly from expectations over multiple days due to compounding effects. For example, if the S&P 500 gains 1% on day one and loses 1% on day two, SPXL could experience a 3% gain followed by a 3% loss, resulting in a net loss due to the daily reset of leverage. This makes it a high-risk, short-term trading vehicle rather than a buy-and-hold investment.
Additional Sources for SPXL ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
SPXL ETF Overview
Market Cap in USD | 4,250m |
Category | Trading--Leveraged Equity |
TER | 0.91% |
IPO / Inception | 2008-11-05 |
SPXL ETF Ratings
Growth 5y | 81.6% |
Fundamental | - |
Dividend | 45.9% |
Rel. Strength Industry | 2.23 |
Analysts | - |
Fair Price Momentum | 149.80 USD |
Fair Price DCF | - |
SPXL Dividends
Dividend Yield 12m | 0.84% |
Yield on Cost 5y | 5.69% |
Annual Growth 5y | 50.57% |
Payout Consistency | 36.7% |
SPXL Growth Ratios
Growth Correlation 3m | -36.6% |
Growth Correlation 12m | 83.6% |
Growth Correlation 5y | 65.9% |
CAGR 5y | 45.55% |
CAGR/Max DD 5y | 0.71 |
Sharpe Ratio 12m | 1.52 |
Alpha | -10.65 |
Beta | 3.02 |
Volatility | 73.34% |
Current Volume | 4192.8k |
Average Volume 20d | 4102.4k |
As of March 15, 2025, the stock is trading at USD 143.40 with a total of 4,192,795 shares traded.
Over the past week, the price has changed by -7.30%, over one month by -22.89%, over three months by -23.44% and over the past year by +13.16%.
Yes. Based on ValueRay Analyses, Direxion Daily S&P500 Bull (NYSE ARCA:SPXL) is currently (March 2025) a good stock to buy. It has a ValueRay Growth Rating of 81.62 and therefor a clear technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of SPXL as of March 2025 is 149.80. This means that SPXL is currently overvalued and has a potential downside of 4.46%.
Direxion Daily S&P500 Bull has no consensus analysts rating.
According to ValueRays Forecast Model, SPXL Direxion Daily S&P500 Bull will be worth about 179.8 in March 2026. The stock is currently trading at 143.40. This means that the stock has a potential upside of +25.36%.
Issuer | Forecast | Upside |
---|---|---|
Wallstreet Target Price | - | - |
Analysts Target Price | - | - |
ValueRay Target Price | 179.8 | 25.4% |