SPXLvsUPROETF Comparison
VS
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 27.87% year-to-date (YTD) with -$217M in YTD flows. UPRO performs worse with 27.19% YTD performance, and -$415M 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
SPXL vs UPRO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/17/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXL UPRO | -4.78%-4.81% | +6.22%+5.86% | +27.87%+27.19% | +37.91%+37.08% | +226.95%+224.74% | +149.53%+144.86% |
| Flows | SPXL UPRO | +$290M+$64M | +$87M+$24M | -$217M-$415M | -$311M-$534M | -$1.85B-$1.85B | -$1.12B-$1.24B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXL UPRO | +33.18%+33.98% | +38.22%+38.74% | +44.95%+45.13% | +51.87%+51.16% |
| Max drawdown | SPXL UPRO | -10.46%-10.47% | -26.79%-26.82% | -49.12%-49.02% | -63.81%-63.96% |
| Max drawdown duration | SPXL UPRO | 19d19d | 94d94d | 228d228d | 890d892d |
Trading data
SPXL | UPRO | |
Last sale 9/17/2026 at 1:30 PM | $280.76 | $146.88 |
| Previous close 09/17/2026 | $271.57 | $142.10 |
| Consolidated volume 09/17/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 18, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
SPXL | UPRO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
SPXL | UPRO | |
|---|---|---|
| Last price | $280.76 | $146.88 |
| 1D performance | +3.38% | +3.36% |
| AuM | $7.09 B | $5.49 B |
| E/R | 0.95% | 0.89% |
Advertisement
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 September 17, 2026, SPXL is up 27.87% year-to-date (YTD), while UPRO has returned 27.19%. 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 -$217M in flows, compared to -$415M for UPRO.
Which ETF is more volatile: SPXL or UPRO?
Over the past year, SPXL had a volatility of 38.22%, while UPRO experienced 38.74%.
Which ETF is bigger: SPXL or UPRO?
As of September 17, 2026, SPXL holds $7.09 B in assets under management (AUM), while UPRO manages $5.49 B.
Advertisement
Latest news about SPXL & UPRO
Cryptocurrency Bulls: A Leveraged Bitcoin ETF is On the Way
May 3, 2023
UPRO
Leveraged ETFs to take advantage of volatility
December 6, 2022
SPXL
Hedgefundie's Excellent Adventure: A 3x leveraged ETF portfolio
October 5, 2022
UPRO
Leverage ETFs, effective but potentially dangerous
June 22, 2022
SPXL
Advertisement
Advertisement
