SPYvsSPXLETF Comparison
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State Street 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 Technology, Finance and Healthcare. SPY is less expensive with a Total Expense Ratio (TER) of 0.0945%, versus 0.95% for SPXL. SPY is up 8.71% year-to-date (YTD) with +$11.17B in YTD flows. SPXL performs better with 12.5% YTD performance, and -$556M 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
Cumulative Flows
Historic performance and flows
Data as of 11/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPY SPXL | -5.60%-17.54% | -4.08%-15.24% | +8.71%+12.50% | +10.96%+17.03% | +75.09%+212.07% | +67.70%+84.95% |
| Flows | SPY SPXL | +$1.08B-$208M | +$212M-$167M | +$11.17B-$556M | +$21.40B-$664M | +$72.56B-$2.30B | +$76.36B-$1.55B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPY SPXL | +13.41%+39.95% | +13.53%+40.09% | +15.11%+45.20% | +17.12%+52.11% |
| Max drawdown | SPY SPXL | -5.90%-18.71% | -8.89%-26.79% | -18.74%-49.12% | -24.50%-63.81% |
| Max drawdown duration | SPY SPXL | 31d85d | 76d94d | 126d228d | 708d890d |
Trading data
SPY | SPXL | |
Last sale 11/6/2026 at 2:30 PM | $735.29 | $246.75 |
| Previous close 11/04/2026 | $733.00 | $244.98 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 11/6/2026 at 2:30 PM
Live
Closed
SPY | SPXL | |
|---|---|---|
| Last price | $735.29 | $246.75 |
| 1D performance | +0.31% | +0.72% |
| AuM | $777.93 B | $5.92 B |
| E/R | 0.0945% | 0.95% |
Characteristics
SPY | SPXL | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Direxion |
| Benchmark | S&P 500 Index | S&P 500 Index |
| N° of holdings | 496 | - |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 22, 1993 | November 5, 2008 |
| ESG | No | No |
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Exposure
Countries
SPY
USA
96.47%
Other
3.53%
SPXL
Data will be available soon
Sectors
SPY
Technology
47.67%
Finance
12.68%
Healthcare
9.09%
Consumer Non-Cycl.
8.6%
Industrials
7.29%
Other
14.66%
SPXL
Data will be available soon
Diversification
SPY
Total weight of top 15 holdings out of 15
45.67%
SPXL
Data will be available soon
Top 15 holdings
Data as of September 30, 2026
SPY
NVIDIA Corp.
8.38%
Apple, Inc.
7.37%
Microsoft Corp.
5.77%
Amazon.com, Inc.
3.71%
Alphabet, Inc.
3.06%
Broadcom Inc.
2.53%
Alphabet, Inc.
2.46%
Meta Platforms, Inc.
2.42%
Micron Technology, Inc.
1.82%
Tesla, Inc.
1.52%
Advanced Micro Devices, Inc.
1.51%
Berkshire Hathaway, Inc.
1.41%
Eli Lilly & Co.
1.40%
JPMorgan Chase & Co.
1.33%
Johnson & Johnson
0.97%
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 November 6, 2026, SPY is up 8.71% year-to-date (YTD), while SPXL has returned 12.5%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: SPY or SPXL?
Year-to-date, the SPY ETF saw +$11.17B in flows, compared to -$556M for SPXL.
Which ETF is more volatile: SPY or SPXL?
Over the past year, SPY had a volatility of 13.53%, while SPXL experienced 40.09%.
Which ETF is bigger: SPY or SPXL?
As of November 6, 2026, SPY holds $777.93 B in assets under management (AUM), while SPXL manages $5.92 B.
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Latest news about SPY & SPXL
The Weekly ETF Market Monitor (October 26-30, 2026)
October 31, 2026
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The Weekly ETF Market Monitor (October 12-16, 2026)
October 19, 2026
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The Weekly ETF Market Monitor (October 5-9, 2026)
October 12, 2026
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The Weekly ETF Market Monitor (September 21-25, 2026)
September 26, 2026
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The Weekly ETF Market Monitor (September 21-25, 2026)
September 26, 2026
SPY
The Weekly ETF Market Monitor (September 14-18, 2026)
September 19, 2026
SPY
The Weekly ETF Market Monitor (August 24-28, 2026)
August 31, 2026
SPY
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