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SPYvsSPXLETF Comparison

ETF 1
SPY

SPDR S&P 500 ETF Trust

This fund is part of
US Large Cap
+0.29%
Full SPY fund page
VS
ETF 2
SPXL

Direxion Daily S&P 500 Bull 3X Shares

This fund is part of
Leveraged Equity
+1.2%
Full SPXL fund page

SPDR S&P 500 ETF Trust (SPY) belongs to the US Large Cap segment. Direxion Daily S&P 500 Bull 3X Shares (SPXL) is part of the Leveraged Equity segment. SPY's top 3 sector exposures are Information Technology, Communication Services and Financials. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.93% for SPXL. SPY is down -1.63% year-to-date (YTD) with -$27.91B in YTD flows. SPXL performs worse with -7.59% YTD performance, and -$233M in YTD flows. Run a side-by-side ETF comparison of SPY and SPXL 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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SPY vs SPXL performance and flow charts

Performance

-10.0-5.00.05.0%Feb 17Feb 24Mar 3Mar 10Mar 17

Cumulative Flows

-25,000 M-20,000 M-15,000 M-10,000 M-5,000 M0 MFeb 17Feb 24Mar 3Mar 10Mar 17

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/17/2026
1M3MYTD1Y3Y5Y
Perf.
SPY
SPXL
-1.73%-6.18%
+0.21%-2.79%
-1.63%-7.59%
+19.71%+40.29%
+78.17%+227.67%
+80.96%+148.31%
Flows
SPY
SPXL
-$18.33B-$36M
-$38.57B-$216M
-$27.91B-$233M
-$43.48B-$1.27B
+$46.83B-$1.94B
+$65.15B-$900M
Volatility and drawdown
3M1Y3Y5Y
Volatility
SPY
SPXL
+11.73%+35.19%
+18.06%+54.25%
+14.73%+44.22%
+16.81%+51.40%
Max drawdown
SPY
SPXL
-4.79%-15.74%
-13.71%-37.55%
-18.74%-49.12%
-24.50%-63.81%
Max drawdown duration
SPY
SPXL
49d64d
45d51d
126d228d
708d890d
Trading data

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SPY
SPXL
Last sale
3/18/2026 at 2:04 PM
$668.63
$201.56
Previous close
03/17/2026
$670.79
$203.85
Consolidated volume
03/17/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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SPY
SPXL
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/18/2026 at 2:04 PM
Live
Closed
SPY
SPXL
Last price
$668.63
$201.56
1D performance
-0.32%
-1.12%
AuM$673.32 B$5.18 B
E/R0.0945%0.93%
Characteristics
SPY
SPXL
Management strategyPassivePassive
ProviderSPDRDirexion
BenchmarkS&P 500 IndexS&P 500 Index
N° of holdings479-
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
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Inception dateJanuary 22, 1993November 5, 2008
ESGNoNo
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Exposure

Countries

SPY
USA
96.94%
Other
3.06%
SPXL
Data will be available soon

Sectors

SPY
Information Techn.
34.58%
Communication Ser.
10.96%
Financials
10.63%
Consumer Discreti.
10.57%
Health Care
9.29%
Industrials
7.92%
Other
16.05%
SPXL
Data will be available soon
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Diversification

SPY

Total weight of top 15 holdings out of 15

44.02%
SPXL
Data will be available soon

Top 15 holdings

Data as of January 31, 2026
SPY
NVIDIA
7.83%
APPLE
6.47%
MICROSOFT-T
5.39%
AMAZON.COM INC
3.93%
ALPHABET INC-CL
3.32%
ALPHABET INC-CL
2.65%
BROADCOM LIMITED
2.64%
META PLATFORMS
2.63%
TESLA
2.04%
BERKSHIRE HATHWAY
1.49%
JPMORGAN CHASE
1.40%
LILLY
1.39%
EXXON
1.01%
JOHNSON&JOHNSON
0.92%
VISA INCORPORATION
0.92%
SPXL
Data will be available soon
Frequently asked questions about SPY and SPXL

How have the SPY and SPXL ETFs performed in 2026?

As of March 17, 2026, SPY is down -1.63% year-to-date (YTD), while SPXL has lost -7.59%. That puts SPY better performer ahead so far this year.

Which ETF is attracting more investor money: SPY or SPXL?

Year-to-date, the SPY ETF saw -$27.91B in flows, compared to -$233M for SPXL.

Which ETF is more volatile: SPY or SPXL?

Over the past year, SPY had a volatility of 18.06%, while SPXL experienced 54.25%.

Which ETF is bigger: SPY or SPXL?

As of March 17, 2026, SPY holds $673.32 B in assets under management (AUM), while SPXL manages $5.18 B.

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