SPXLvsQLDETF Comparison
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Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares Ultra QQQ ETF (QLD) belong to the same industry segment: Leveraged Equity. SPXL is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.98% for QLD. SPXL is up 12.5% year-to-date (YTD) with -$556M in YTD flows. QLD performs worse with 5.4% YTD performance, and +$515M in YTD flows. Run a side-by-side ETF comparison of SPXL and QLD 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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SPXL vs QLD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXL QLD | -17.54%-26.39% | -15.24%-17.69% | +12.50%+5.40% | +17.03%+5.29% | +212.07%+139.51% | +84.95%+66.77% |
| Flows | SPXL QLD | -$208M-$203M | -$167M+$299M | -$556M+$515M | -$664M+$859M | -$2.30B+$1.48B | -$1.55B+$1.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL QLD | +39.95%+43.37% | +40.09%+42.27% | +45.20%+41.89% | +52.11%+46.91% |
| Max drawdown | SPXL QLD | -18.71%-28.30% | -26.79%-28.30% | -49.12%-42.40% | -63.81%-63.41% |
| Max drawdown duration | SPXL QLD | 85d31d | 94d31d | 228d212d | 890d878d |
Trading data
SPXL | QLD | |
Last sale 11/6/2026 at 2:30 PM | $246.75 | $74.11 |
| Previous close 11/04/2026 | $244.98 | $72.27 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 7, 2026
1-year trailing difference
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SPXL | QLD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 11/6/2026 at 2:30 PM
Live
Closed
SPXL | QLD | |
|---|---|---|
| Last price | $246.75 | $74.11 |
| 1D performance | +0.72% | +2.55% |
| AuM | $5.92 B | $11.46 B |
| E/R | 0.95% | 0.98% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXL and QLD
How have the SPXL and QLD ETFs performed in 2026?
As of November 6, 2026, SPXL is up 12.5% year-to-date (YTD), while QLD has returned 5.4%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: SPXL or QLD?
Year-to-date, the SPXL ETF saw -$556M in flows, compared to +$515M for QLD.
Which ETF is more volatile: SPXL or QLD?
Over the past year, SPXL had a volatility of 40.09%, while QLD experienced 42.27%.
Which ETF is bigger: SPXL or QLD?
As of November 6, 2026, SPXL holds $5.92 B in assets under management (AUM), while QLD manages $11.46 B.
Latest news about SPXL & QLD
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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