QLDvsSPXLETF Comparison
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ProShares Ultra QQQ ETF (QLD) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) belong to the same industry segment: Leveraged Equity. QLD is more expensive with a Total Expense Ratio (TER) of 0.98%, versus 0.95% for SPXL. QLD is up 22.46% year-to-date (YTD) with +$846M in YTD flows. SPXL performs better with 25.68% YTD performance, and -$351M in YTD flows. Run a side-by-side ETF comparison of QLD and SPXL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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QLD vs SPXL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | QLD SPXL | -10.38%-4.10% | +1.40%+6.07% | +22.46%+25.68% | +22.22%+29.05% | +198.35%+284.07% | +114.74%+125.45% |
| Flows | QLD SPXL | +$211M-$90M | +$730M-$95M | +$846M-$351M | +$1.32B-$372M | +$1.18B-$2.28B | +$1.72B-$1.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | QLD SPXL | +37.82%+32.66% | +39.95%+37.73% | +41.17%+44.67% | +46.40%+51.67% |
| Max drawdown | QLD SPXL | -14.47%-9.84% | -25.08%-26.79% | -42.40%-49.12% | -63.41%-63.81% |
| Max drawdown duration | QLD SPXL | 17d71d | 169d94d | 212d228d | 878d890d |
Trading data
QLD | SPXL | |
Last sale 10/23/2026 at 1:30 PM | $86.15 | $275.63 |
| Previous close 10/22/2026 | $86.26 | $280.41 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 24, 2026
1-year trailing difference
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QLD | SPXL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
QLD | SPXL | |
|---|---|---|
| Last price | $86.15 | $275.63 |
| 1D performance | -0.13% | -1.70% |
| AuM | $13.72 B | $6.84 B |
| E/R | 0.98% | 0.95% |
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Exposure
Exposure data will be available soon
Frequently asked questions about QLD and SPXL
How have the QLD and SPXL ETFs performed in 2026?
As of October 23, 2026, QLD is up 22.46% year-to-date (YTD), while SPXL has returned 25.68%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: QLD or SPXL?
Year-to-date, the QLD ETF saw +$846M in flows, compared to -$351M for SPXL.
Which ETF is more volatile: QLD or SPXL?
Over the past year, QLD had a volatility of 39.95%, while SPXL experienced 37.73%.
Which ETF is bigger: QLD or SPXL?
As of October 23, 2026, QLD holds $13.72 B in assets under management (AUM), while SPXL manages $6.84 B.
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Latest news about QLD & SPXL
Leveraged ETFs to take advantage of volatility
December 6, 2022
SPXL
Leverage ETFs, effective but potentially dangerous
June 22, 2022
SPXL
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