SPXLvsSSOETF Comparison
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Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares Ultra S&P500 ETF (SSO) belong to the same industry segment: Leveraged Equity. SPXL is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.88% for SSO. SPXL is up 12.5% year-to-date (YTD) with -$556M in YTD flows. SSO performs worse with 10.72% YTD performance, and -$1.18B in YTD flows. Run a side-by-side ETF comparison of SPXL and SSO 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 SSO 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 SSO | -17.54%-11.65% | -15.24%-9.73% | +12.50%+10.72% | +17.03%+14.12% | +212.07%+137.89% | +84.95%+84.10% |
| Flows | SPXL SSO | -$208M-$979M | -$167M-$496M | -$556M-$1.18B | -$664M-$1.11B | -$2.30B-$664M | -$1.55B-$1.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL SSO | +39.95%+26.83% | +40.09%+27.06% | +45.20%+30.27% | +52.11%+34.27% |
| Max drawdown | SPXL SSO | -18.71%-12.25% | -26.79%-18.22% | -49.12%-35.28% | -63.81%-46.74% |
| Max drawdown duration | SPXL SSO | 85d85d | 94d93d | 228d133d | 890d787d |
Trading data
SPXL | SSO | |
Last sale 11/6/2026 at 2:30 PM | $246.75 | $63.85 |
| Previous close 11/04/2026 | $244.98 | $63.51 |
| 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 | SSO | |
|---|---|---|
| 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 | SSO | |
|---|---|---|
| Last price | $246.75 | $63.85 |
| 1D performance | +0.72% | +0.54% |
| AuM | $5.92 B | $6.96 B |
| E/R | 0.95% | 0.88% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXL and SSO
How have the SPXL and SSO ETFs performed in 2026?
As of November 6, 2026, SPXL is up 12.5% year-to-date (YTD), while SSO has returned 10.72%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: SPXL or SSO?
Year-to-date, the SPXL ETF saw -$556M in flows, compared to -$1.18B for SSO.
Which ETF is more volatile: SPXL or SSO?
Over the past year, SPXL had a volatility of 40.09%, while SSO experienced 27.06%.
Which ETF is bigger: SPXL or SSO?
As of November 6, 2026, SPXL holds $5.92 B in assets under management (AUM), while SSO manages $6.96 B.
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Latest news about SPXL & SSO
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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