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Leveraged & Inverse ETFs

Direxion Daily S&P 500 Bull and Bear 3X Shares

The Direxion Daily S&P 500® Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500® Index. There is no guarantee the funds will achieve their stated investment objectives.

SPXL

NAV (Net Asset Value)$127.33As of Mar 18, 2024
1 Day NAV change$+2.32(+1.86%)As of Mar 18, 2024

SPXS

NAV (Net Asset Value)$9.36As of Mar 18, 2024
1 Day NAV change$-0.18(-1.84%)As of Mar 18, 2024
SPXLDirexion Daily S&P 500 Bull 3X Shares
Daily Target
+300%
Intra-day Value
SPXL.IV
Daily NAV
$127.33
Daily Market Price
$127.29
Expense Ratio
(gross/net %)
1.00 / 1.00*
Daily Volume
6,121,077
Security Identifier
25459W862
Inception Date
Nov 05, 2008
SPXSDirexion Daily S&P 500 Bear 3X Shares
Daily Target
-300%
Intra-day Value
SPXS.IV
Daily NAV
$9.36
Daily Market Price
$9.35
Expense Ratio
(gross/net %)
1.08 / 1.08*
Daily Volume
20,654,608
Security Identifier
25460E265
Inception Date
Nov 05, 2008

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Direxion ETF Alerts

Documents & Downloads

  • SPXL SPXS Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • SPXL Prospectus
  • SPXS Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 03/18/2024.

SPXL Direxion Daily S&P 500 Bull 3X Shares
Net Asset Value (NAV)
$127.33Nav
$+2.32Change
+1.86%Change
Market Price Closing
$127.29Market
$+2.26Change
+1.81%Change
Premium / Discount
$-0.04Change from Last Day Trading
Premium/Discount tool
SPXS Direxion Daily S&P 500 Bear 3X Shares
Net Asset Value (NAV)
$9.36Nav
$-0.18Change
-1.84%Change
Market Price Closing
$9.35Market
$-0.17Change
-1.79%Change
Premium / Discount
$-0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
SPXL NAV
15.30
34.70
19.53
86.80
18.90
23.45
23.53
25.28
1.00 / 1.00*
11/05/2008
SPXL Market Close
14.75
33.99
18.69
86.16
18.73
23.31
23.45
25.22
1.00 / 1.00*
11/05/2008
SPXS NAV
-13.66
-26.27
-16.87
-49.90
-34.88
-46.00
-39.62
-44.07
1.08 / 1.08*
11/05/2008
SPXS Market Close
-13.30
-26.01
-16.45
-49.83
-34.85
-45.97
-39.60
-44.08
1.08 / 1.08*
11/05/2008

As of February 29, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.93% for SPXL and 0.95% for SPXS. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the fund’s website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The S&P 500® Index (SPXT) is designed to be comprised of stocks that are the 500 leading, large-cap U.S. listed issuers. The securities are selected on the basis of market capitalization, financial viability of the company, sector representation, public float, liquidity and price of a company’s shares outstanding. The Index is a float-adjusted, market capitalization-weighted index. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Apple
7.03%
Microsoft
6.98%
Amazon.Com Inc
3.45%
Nvidia
3.06%
Alphabet Inc Class A
2.06%
Meta Platforms Class A
1.96%
Alphabet Inc Class C
1.75%
Tesla
1.72%
Berkshire Hathaway Class B
1.62%
JP Morgan Chase
1.23%

Index Sector Weightings

% of Total
Information Technology
28.86%
Financials
12.97%
Health Care
12.62%
Consumer Discretionary
10.85%
Industrials
8.81%
Communication Services
8.58%
Consumer Staples
6.15%
Energy
3.89%
Real Estate
2.52%
Materials
2.41%
Utilities
2.34%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Distributions

SPXL Direxion Daily S&P 500 Bull 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.30383
09/20/202309/19/202309/26/20230.19445
06/22/202306/21/202306/28/20230.25846
03/22/202303/21/202303/28/20230.26189
12/21/202212/20/202212/28/20220.12356
06/23/202206/22/202206/29/20220.07763
12/22/202112/21/202112/29/20210.11481
06/23/202106/22/202106/29/20210.04113
12/23/202012/22/202012/30/20200.11548
06/24/202006/23/202006/30/20200.04562
12/24/201912/23/201912/31/20190.26225
06/26/201906/25/201907/02/20190.29307
12/28/201812/27/201801/04/20190.20766
09/26/201809/25/201810/02/20180.11357
06/20/201806/19/201806/26/20180.01379
12/20/201712/19/201712/27/20170.11509
12/14/201712/13/201712/20/20170.000001.60359
09/24/201009/22/201009/29/20100.10220
06/25/201006/22/201006/29/20100.05685
03/25/201003/23/201003/30/20100.106661.28461
12/24/200912/22/200912/30/20090.07954
11/24/200911/24/200911/30/20090.000006.514480.00176
09/24/200909/22/200909/29/20090.11475
06/25/200906/23/200906/30/20090.11155
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.30383
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.19445
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.25846
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.26189
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.12356
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/23/2022
Ex Date06/22/2022
Pay Date06/29/2022
Income Dividend0.07763
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2021
Ex Date12/21/2021
Pay Date12/29/2021
Income Dividend0.11481
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/23/2021
Ex Date06/22/2021
Pay Date06/29/2021
Income Dividend0.04113
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/23/2020
Ex Date12/22/2020
Pay Date12/30/2020
Income Dividend0.11548
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/24/2020
Ex Date06/23/2020
Pay Date06/30/2020
Income Dividend0.04562
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.26225
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/26/2019
Ex Date06/25/2019
Pay Date07/02/2019
Income Dividend0.29307
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/28/2018
Ex Date12/27/2018
Pay Date01/04/2019
Income Dividend0.20766
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/26/2018
Ex Date09/25/2018
Pay Date10/02/2018
Income Dividend0.11357
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/20/2018
Ex Date06/19/2018
Pay Date06/26/2018
Income Dividend0.01379
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/20/2017
Ex Date12/19/2017
Pay Date12/27/2017
Income Dividend0.11509
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/14/2017
Ex Date12/13/2017
Pay Date12/20/2017
Income Dividend0.00000
Short-Term Capital Gain1.60359
Long-Term Capital Gain
Record Date09/24/2010
Ex Date09/22/2010
Pay Date09/29/2010
Income Dividend0.10220
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/25/2010
Ex Date06/22/2010
Pay Date06/29/2010
Income Dividend0.05685
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/25/2010
Ex Date03/23/2010
Pay Date03/30/2010
Income Dividend0.10666
Short-Term Capital Gain1.28461
Long-Term Capital Gain
Record Date12/24/2009
Ex Date12/22/2009
Pay Date12/30/2009
Income Dividend0.07954
Short-Term Capital Gain
Long-Term Capital Gain
Record Date11/24/2009
Ex Date11/24/2009
Pay Date11/30/2009
Income Dividend0.00000
Short-Term Capital Gain6.51448
Long-Term Capital Gain0.00176
Record Date09/24/2009
Ex Date09/22/2009
Pay Date09/29/2009
Income Dividend0.11475
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/25/2009
Ex Date06/23/2009
Pay Date06/30/2009
Income Dividend0.11155
Short-Term Capital Gain
Long-Term Capital Gain

SPXS Direxion Daily S&P 500 Bear 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.10420
09/20/202309/19/202309/26/20230.15854
06/22/202306/21/202306/28/20230.15810
03/22/202303/21/202303/28/20230.23333
03/25/202003/24/202003/31/20200.01998
12/24/201912/23/201912/31/20190.03682
09/25/201909/24/201910/01/20190.05606
06/26/201906/25/201907/02/20190.07501
03/20/201903/19/201903/26/20190.06213
12/28/201812/27/201801/04/20190.10179
09/26/201809/25/201810/02/20180.04773
03/21/201803/20/201803/27/20180.02919
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.10420
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.15854
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.15810
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.23333
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/25/2020
Ex Date03/24/2020
Pay Date03/31/2020
Income Dividend0.01998
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.03682
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/25/2019
Ex Date09/24/2019
Pay Date10/01/2019
Income Dividend0.05606
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/26/2019
Ex Date06/25/2019
Pay Date07/02/2019
Income Dividend0.07501
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2019
Ex Date03/19/2019
Pay Date03/26/2019
Income Dividend0.06213
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/28/2018
Ex Date12/27/2018
Pay Date01/04/2019
Income Dividend0.10179
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/26/2018
Ex Date09/25/2018
Pay Date10/02/2018
Income Dividend0.04773
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/21/2018
Ex Date03/20/2018
Pay Date03/27/2018
Income Dividend0.02919
Short-Term Capital Gain
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

  • Form 8937
    (SPXS 2020)

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Direxion ETF Alerts

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn more about buying Direxion ETFs

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