SPXL Performance — Direxion Daily S&P 500 Bull 3X Shares
Data updated: 2026-09-28
SPXL returned +22.03% year to date and +46.71% over one year to Jul 2026. Annualised returns are +40.94% over 3 years and +19.48% over 5 years. The fund beat its Trading - Leveraged category average: $100 invested three years ago grew to $280, against $136 for the category, and to $147 over one year, against $105. Volatility over the past three years was 40.80% a year. In the 12 months to Jul 2026 the fund lost a net $844.9M, and assets reached $6.73B.
SPXL Growth of $100
What $100 invested in Direxion Daily S&P 500 Bull 3X Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | SPXL | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $147 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $280 | $136 |
| 5 years (Aug 2021 – Jul 2026) | $244 | $130 |
| Since data start (Aug 2019 – Jul 2026) | $524 | $147 |
SPXL Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +22.03% |
| 1 year | +46.71% |
| 3 years (annualised) | +40.94% |
| 5 years (annualised) | +19.48% |
SPXL Annual Returns
Calendar-year total returns of Direxion Daily S&P 500 Bull 3X Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +22.03% |
| 2025 | +31.62% |
| 2024 | +63.55% |
| 2023 | +69.19% |
| 2022 | −56.50% |
| 2021 | +98.19% |
| 2020 | +9.73% |
| 2019 (Aug–Dec) | +24.67% |
SPXL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +3.3% | −3.4% | −15.7% | +33.2% | +15.4% | −4.3% | −1.4% | — | — | — | — | — |
| 2025 | +7.0% | −5.2% | −17.7% | −8.3% | +18.1% | +14.3% | +5.8% | +4.8% | +10.2% | +5.7% | −0.6% | −0.9% |
| 2024 | +3.7% | +15.3% | +8.5% | −13.2% | +14.1% | +9.9% | +2.0% | +5.1% | +5.0% | −4.0% | +17.1% | −8.5% |
| 2023 | +18.2% | −8.4% | +9.3% | +3.5% | −0.2% | +19.5% | +8.7% | −6.1% | −14.8% | −7.7% | +28.2% | +12.7% |
| 2022 | −15.7% | −9.8% | +9.8% | −25.4% | −2.0% | −24.8% | +28.5% | −13.2% | −26.8% | +23.1% | +14.8% | −17.8% |
| 2021 | −3.8% | +7.8% | +12.8% | +16.3% | +1.4% | +6.7% | +6.8% | +9.0% | −13.9% | +21.9% | −2.7% | +13.1% |
| 2020 | −0.9% | −24.4% | −47.4% | +37.3% | +13.3% | +3.4% | +17.3% | +22.5% | −12.5% | −8.9% | +35.3% | +11.5% |
| 2019 | — | — | — | — | — | — | — | −6.6% | +5.1% | +5.6% | +10.7% | +8.6% |
SPXL Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 40.80%
- 3-year Sharpe ratio: 0.89 (vs 4.5% risk-free rate)
- Best month: +33.22% (Apr 2026)
- Worst month: −17.67% (Mar 2025)
SPXL Fund Flows
Monthly money in and out of Direxion Daily S&P 500 Bull 3X Shares, from SEC Form N-PORT.
- 12-month net flow: −$844.9M
- 12-month gross sales (incl. reinvestments): $3.9B
- Sales ÷ redemptions: 0.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $93.1M | $176.0M | −$82.9M |
| Jun 2026 | $584.1M | $108.8M | $475.3M |
| May 2026 | $62.1M | $170.5M | −$108.4M |
| Apr 2026 | $437.9M | $658.3M | −$220.4M |
| Mar 2026 | $245.5M | $310.8M | −$65.3M |
| Feb 2026 | $179.4M | $112.7M | $66.6M |
| Jan 2026 | $0 | $307.8M | −$307.8M |
| Dec 2025 | $297.6M | $648.4M | −$350.8M |
| Nov 2025 | $876.5M | $787.1M | $89.4M |
| Oct 2025 | $339.6M | $381.0M | −$41.4M |
| Sep 2025 | $299.9M | $447.9M | −$148.0M |
| Aug 2025 | $477.4M | $628.8M | −$151.4M |
SPXL Assets Under Management
Net assets of Direxion Daily S&P 500 Bull 3X Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $6.73B |
| 2026-04-30 | $5.93B |
| 2026-01-31 | $5.70B |
| 2025-10-31 | $6.13B |
| 2025-07-31 | $5.38B |
| 2025-04-30 | $4.03B |
| 2025-01-31 | $4.99B |
| 2024-10-31 | $4.89B |
| 2024-07-31 | $4.80B |
| 2024-04-30 | $3.71B |
| 2024-01-31 | $3.73B |
| 2023-10-31 | $2.80B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.