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

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

SPXL is an ETF. As of September 4, 2026, its distribution rate is 0.72%, its trailing-12-month yield is 0.49%, its expense ratio is 0.84%. Dividend Vision Distribution Safety Score™ is 75/100 (Generally safe). Total return is 8771.7% over the past 17.8 years, 7765.0 points ahead of SPY at 1006.7%.

At the current 0.72% distribution rate, a $10,000 investment would generate approximately $72 per year, or $6.00 per month on an equivalent basis. Actual quarterly payments vary.

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

Data as of September 4, 2026.

Total return is 8771.7% over the past 17.8 years, 7765.0 points ahead of SPY at 1006.7%. Its deepest 1-year drawdown was 26.8%.

SPXL key facts

Data as of September 4, 2026.

Distribution Safety Score™

75 · Generally safe

Safety-Adjusted Yield

0.54%

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

11/05/2008

Expense ratio

0.84%

Distribution rate

0.72%

Distribution frequency

Quarterly

Trailing yield

0.49%

Last close

$290.29

NAV

$284.95

Premium / discount

1.87% premium

AUM

$6,817,494,290

Average volume

1207637.0

Last dividend

$0.523

Last ex-dividend date

06/23/2026

Last payment date

06/30/2026

Beta

3.12

P/E ratio

25.358

How Dividend Vision calculates yield and returns

Distribution rate (0.72%) 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 (0.49%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. 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. Figures below use Dividend Vision data as of September 4, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 4, 2026.

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.