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 0.93%, versus 0.97% for TQQQ. SPXL is up 22.84% year-to-date (YTD) with -$608M in YTD flows. TQQQ performs better with 46.27% YTD performance, and -$6.35B 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 05/21/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXL TQQQ | +16.18%+34.22% | +25.22%+59.85% | +22.84%+46.27% | +84.78%+128.00% | +262.77%+397.52% | +190.39%+234.76% |
| Flows | SPXL TQQQ | +$4M-$4.00B | -$378M-$6.10B | -$608M-$6.35B | -$1.58B-$12.61B | -$2.01B-$21.01B | -$1.38B-$12.17B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL TQQQ | +43.56%+58.27% | +35.98%+48.63% | +44.62%+59.64% | +51.59%+68.08% |
| Max drawdown | SPXL TQQQ | -24.73%-26.85% | -26.79%-36.94% | -49.12%-58.12% | -63.81%-81.30% |
| Max drawdown duration | SPXL TQQQ | 48d47d | 94d174d | 228d238d | 890d925d |
Trading data
SPXL | TQQQ | |
Last sale 5/22/2026 at 3:14 PM | $274.47 | $78.91 |
| Previous close 05/21/2026 | $270.24 | $76.95 |
| Consolidated volume 05/21/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 22, 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 5/22/2026 at 3:14 PM
Live
Closed
SPXL | TQQQ | |
|---|---|---|
| Last price | $274.47 | $78.91 |
| 1D performance | +1.57% | +2.55% |
| AuM | $6.42 B | $35.80 B |
| E/R | 0.93% | 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 May 21, 2026, SPXL is up 22.84% year-to-date (YTD), while TQQQ has returned 46.27%. That puts TQQQ better performer ahead so far this year.
Which ETF is attracting more investor money: SPXL or TQQQ?
Year-to-date, the SPXL ETF saw -$608M in flows, compared to -$6.35B for TQQQ.
Which ETF is more volatile: SPXL or TQQQ?
Over the past year, SPXL had a volatility of 35.98%, while TQQQ experienced 48.63%.
Which ETF is bigger: SPXL or TQQQ?
As of May 21, 2026, SPXL holds $6.42 B in assets under management (AUM), while TQQQ manages $35.80 B.
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Latest news about SPXL & TQQQ
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