UPVvsSPXLETF Comparison
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ProShares Ultra FTSE Europe ETF (UPV) and Direxion Daily S&P 500 Bull 3X Shares (SPXL) belong to the same industry segment: Leveraged Equity. UPV is more expensive with a Total Expense Ratio (TER) of 2.74%, versus 0.95% for SPXL. UPV is up 5.15% year-to-date (YTD) with +$774K in YTD flows. SPXL performs better with 31.58% YTD performance, and -$379M in YTD flows. Run a side-by-side ETF comparison of UPV 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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UPV vs SPXL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UPV SPXL | -3.03%+1.45% | -5.61%+10.25% | +5.15%+31.58% | +11.45%+26.58% | +123.48%+318.44% | +39.25%+131.59% |
| Flows | UPV SPXL | --$19M | -$4M-$111M | +$774K-$379M | +$802K-$675M | +$4M-$2.22B | +$4M-$1.39B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UPV SPXL | +23.77%+33.05% | +32.04%+37.59% | +30.90%+44.55% | +36.47%+51.67% |
| Max drawdown | UPV SPXL | -16.32%-9.84% | -23.39%-26.79% | -27.41%-49.12% | -57.84%-63.81% |
| Max drawdown duration | UPV SPXL | 64d76d | 159d94d | 44d228d | 1217d890d |
Trading data
UPV | SPXL | |
Last sale 10/28/2026 at 1:30 PM | $93.56 | $288.95 |
| Previous close 10/28/2026 | $93.12 | $286.21 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 29, 2026
1-year trailing difference
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UPV | SPXL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
UPV | SPXL | |
|---|---|---|
| Last price | $93.56 | $288.95 |
| 1D performance | +0.47% | +0.96% |
| AuM | $11.71 M | $7.13 B |
| E/R | 2.74% | 0.95% |
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Exposure
Exposure data will be available soon
Frequently asked questions about UPV and SPXL
How have the UPV and SPXL ETFs performed in 2026?
As of October 28, 2026, UPV is up 5.15% year-to-date (YTD), while SPXL has returned 31.58%. That puts SPXL better performer ahead so far this year.
Which ETF is attracting more investor money: UPV or SPXL?
Year-to-date, the UPV ETF saw +$774K in flows, compared to -$379M for SPXL.
Which ETF is more volatile: UPV or SPXL?
Over the past year, UPV had a volatility of 32.04%, while SPXL experienced 37.59%.
Which ETF is bigger: UPV or SPXL?
As of October 28, 2026, UPV holds $11.71 M in assets under management (AUM), while SPXL manages $7.13 B.
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Latest news about UPV & SPXL
Leveraged ETFs to take advantage of volatility
December 6, 2022
SPXL
Leverage ETFs, effective but potentially dangerous
June 22, 2022
SPXL
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