(SPXL) Direxion Daily S&P500 Bull - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 4.728m USD | Total Return: 73.1% in 12m
TER: 0.91%
Avg Turnover: 714M USD
Peers RS (IBD): 51.5
Warnings
No concerns identified
Tailwinds
No distinct edge detected
SPXL is an exchange-traded fund (ETF) that aims to deliver 300% of the daily performance of the S&P 500 Index. The S&P 500 tracks 500 large-capitalization U.S. companies, covering approximately 80% of the total U.S. stock market value.
The fund achieves its leveraged exposure by investing at least 80% of its net assets in financial instruments like swap agreements and S&P 500-tracking ETFs. This includes derivatives, which are financial contracts whose value is derived from an underlying asset.
SPXL is classified as non-diversified, meaning it can invest a larger percentage of its assets in a smaller number of securities. This increases concentration risk compared to diversified funds.
For more detailed analysis, consider exploring ValueRays comprehensive reports.
- S&P 500 index performance directly impacts fund value
- Volatility decay erodes long-term returns
- Interest rate changes affect borrowing costs
- Regulatory changes impact leveraged ETF offerings
Over the past week, the price has changed by +11.01%, over one month by -0.27%, over three months by -9.00% and over the past year by +73.06%.
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