SPXLvsTQQQETF Comparison
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Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro QQQ ETF (TQQQ) belong to the same industry segment: Leveraged Equity. SPXL is less expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.97% for TQQQ. SPXL is up 21.26% year-to-date (YTD) with -$419M in YTD flows. TQQQ performs worse with 13.05% YTD performance, and -$2.21B in YTD flows. Run a side-by-side ETF comparison of SPXL and TQQQ 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 TQQQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXL TQQQ | -7.80%-26.69% | -4.80%-12.50% | +21.26%+13.05% | +18.83%+0.90% | +247.29%+237.07% | +108.68%+57.00% |
| Flows | SPXL TQQQ | -$101M+$3.19B | -$176M+$1.23B | -$419M-$2.21B | -$625M-$442M | -$2.15B-$16.64B | -$1.44B-$7.17B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL TQQQ | +31.24%+56.47% | +37.99%+60.93% | +44.54%+61.91% | +51.73%+69.88% |
| Max drawdown | SPXL TQQQ | -11.60%-29.52% | -26.79%-35.73% | -49.12%-58.12% | -63.81%-81.30% |
| Max drawdown duration | SPXL TQQQ | 81d27d | 94d169d | 228d238d | 890d925d |
Trading data
SPXL | TQQQ | |
Last sale 11/3/2026 at 2:30 PM | $268.76 | $60.55 |
| Previous close 11/02/2026 | $266.32 | $59.46 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 4, 2026
1-year trailing difference
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SPXL | TQQQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
SPXL | TQQQ | |
|---|---|---|
| Last price | $268.76 | $60.55 |
| 1D performance | +0.92% | +1.83% |
| AuM | $6.53 B | $31.56 B |
| E/R | 0.95% | 0.97% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXL and TQQQ
How have the SPXL and TQQQ ETFs performed in 2026?
As of November 2, 2026, SPXL is up 21.26% year-to-date (YTD), while TQQQ has returned 13.05%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: SPXL or TQQQ?
Year-to-date, the SPXL ETF saw -$419M in flows, compared to -$2.21B for TQQQ.
Which ETF is more volatile: SPXL or TQQQ?
Over the past year, SPXL had a volatility of 37.99%, while TQQQ experienced 60.93%.
Which ETF is bigger: SPXL or TQQQ?
As of November 2, 2026, SPXL holds $6.53 B in assets under management (AUM), while TQQQ manages $31.56 B.
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Latest news about SPXL & TQQQ
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