SPXLvsUPROETF Comparison
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Direxion Daily S&P 500 Bull 3X Shares (SPXL) and ProShares UltraPro S&P500 ETF (UPRO) belong to the same industry segment: Leveraged Equity. SPXL is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.89% for UPRO. SPXL is up 21.26% year-to-date (YTD) with -$419M in YTD flows. UPRO performs worse with 20.58% YTD performance, and -$493M in YTD flows. Run a side-by-side ETF comparison of SPXL and UPRO 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 UPRO 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 UPRO | -7.80%-7.81% | -4.80%-4.86% | +21.26%+20.58% | +18.83%+18.09% | +247.29%+245.23% | +108.68%+104.95% |
| Flows | SPXL UPRO | -$101M+$127M | -$176M+$8M | -$419M-$493M | -$625M-$746M | -$2.15B-$2.09B | -$1.44B-$1.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL UPRO | +31.24%+31.49% | +37.99%+38.51% | +44.54%+44.72% | +51.73%+51.01% |
| Max drawdown | SPXL UPRO | -11.60%-11.65% | -26.79%-26.82% | -49.12%-49.02% | -63.81%-63.96% |
| Max drawdown duration | SPXL UPRO | 81d81d | 94d94d | 228d228d | 890d892d |
Trading data
SPXL | UPRO | |
Last sale 11/3/2026 at 2:30 PM | $268.76 | $140.41 |
| Previous close 11/02/2026 | $266.32 | $139.14 |
| 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 | UPRO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
SPXL | UPRO | |
|---|---|---|
| Last price | $268.76 | $140.41 |
| 1D performance | +0.92% | +0.91% |
| AuM | $6.53 B | $5.12 B |
| E/R | 0.95% | 0.89% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXL and UPRO
How have the SPXL and UPRO ETFs performed in 2026?
As of November 2, 2026, SPXL is up 21.26% year-to-date (YTD), while UPRO has returned 20.58%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: SPXL or UPRO?
Year-to-date, the SPXL ETF saw -$419M in flows, compared to -$493M for UPRO.
Which ETF is more volatile: SPXL or UPRO?
Over the past year, SPXL had a volatility of 37.99%, while UPRO experienced 38.51%.
Which ETF is bigger: SPXL or UPRO?
As of November 2, 2026, SPXL holds $6.53 B in assets under management (AUM), while UPRO manages $5.12 B.
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