UPROvsSPXLETF Comparison
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ProShares UltraPro S&P500 ETF (UPRO) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) belong to the same industry segment: Leveraged Equity. UPRO is less expensive with a Total Expense Ratio (TER) of 0.89%, versus 0.95% for SPXL. UPRO is up 23.93% year-to-date (YTD) with -$397M in YTD flows. SPXL performs better with 24.17% YTD performance, and -$264M in YTD flows. Run a side-by-side ETF comparison of UPRO 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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UPRO vs SPXL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UPRO SPXL | +2.72%+2.78% | +39.92%+40.14% | +23.93%+24.17% | +75.13%+75.73% | +221.23%+222.66% | +186.80%+191.21% |
| Flows | UPRO SPXL | +$62M+$317M | -$209M-$31M | -$397M-$264M | -$1.07B-$1.16B | -$1.89B-$1.62B | -$1.11B-$990M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UPRO SPXL | +46.59%+45.57% | +37.49%+37.19% | +45.00%+44.91% | +51.13%+51.85% |
| Max drawdown | UPRO SPXL | -13.29%-13.27% | -26.82%-26.79% | -49.02%-49.12% | -63.96%-63.81% |
| Max drawdown duration | UPRO SPXL | 16d16d | 94d94d | 228d228d | 892d890d |
Trading data
UPRO | SPXL | |
Last sale 6/18/2026 at 1:30 PM | $142.81 | $272.62 |
| Previous close 06/18/2026 | $138.74 | $264.95 |
| Consolidated volume 06/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 21, 2026
1-year trailing difference
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UPRO | SPXL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 6/18/2026 at 1:30 PM
Live
Closed
UPRO | SPXL | |
|---|---|---|
| Last price | $142.81 | $272.62 |
| 1D performance | +2.93% | +2.89% |
| AuM | $5.36 B | $6.83 B |
| E/R | 0.89% | 0.95% |
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Exposure
Exposure data will be available soon
Frequently asked questions about UPRO and SPXL
How have the UPRO and SPXL ETFs performed in 2026?
As of June 18, 2026, UPRO is up 23.93% year-to-date (YTD), while SPXL has returned 24.17%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: UPRO or SPXL?
Year-to-date, the UPRO ETF saw -$397M in flows, compared to -$264M for SPXL.
Which ETF is more volatile: UPRO or SPXL?
Over the past year, UPRO had a volatility of 37.49%, while SPXL experienced 37.19%.
Which ETF is bigger: UPRO or SPXL?
As of June 18, 2026, UPRO holds $5.36 B in assets under management (AUM), while SPXL manages $6.83 B.
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