SPXL ETF — Direxion Daily S&P500 Bull 3X Shares

Direxion Daily S&P500 Bull 3X Shares (SPXL)

Updated October 8, 2026.

SPXL is an ETF. its distribution rate is 0.42%, its trailing-12-month yield is 0.50%, its expense ratio is 0.84%. Dividend Vision Distribution Safety Score™ is 75/100 (Generally safe). Total return is 8865.6% over the past 17.9 years, 7850.8 points ahead of SPY at 1014.8%.

At the current 0.42% distribution rate, a $10,000 investment would generate approximately $42 per year, or about $10.50 per quarter if the next payment matches the last regular one.

Direxion Daily S&P 500 Bull 3X Shares is an ETF that seeks to deliver three times the daily performance of the S&P 500 index through leveraged exposure using swap agreements, securities, and other financial instruments. The fund has a modest distribution rate and pays distributions quarterly, with an expense ratio of 0.84%. This security appeals to tactical traders and sophisticated investors seeking amplified short-term exposure to large-cap U.S. equities, though the leveraged structure means it is not designed for buy-and-hold investing.

SPXL performance versus SPY

Price and return data through 2026-10-08.

Total return is 8865.6% over the past 17.9 years, 7850.8 points ahead of SPY at 1014.8%. Over the past year its total return — price change plus distributions reinvested — is 35.2%. Its deepest 1-year drawdown was 26.8%.

SPXL key facts

Distribution Safety Score™

75 · Generally safe

Safety-Adjusted Yield

0.32%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/05/2008

Expense ratio

0.84%

Distribution rate

0.42%

Distribution frequency

Quarterly

Trailing yield

0.50%

Last close

$293.05 (as of 2026-10-08)

AUM

$7,183,297,590

Average volume

1835467.0

Last dividend

$0.31

Last ex-dividend date

09/22/2026

Last payment date

09/29/2026

Beta

3.14

P/E ratio

25.2302

How Dividend Vision calculates yield and returns

Distribution rate (0.42%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.50%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SPXL risks and drawbacks

SPXL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 26.8%.

Who may consider SPXL — and who may not

It is a weaker fit for investors who need monthly cash flow (SPXL pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare SPXL

SPXL vs similar funds:

• SPXL vs VOO
• SPXL vs SPY
• SPXL vs UPRO

Frequently asked questions

More securities from Direxion.