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SPXL - S&P 500 Bull 3X Direxion

S&P 500 Bull 3X Direxion logoThe S&P 500 Bull 3X Direxion ETF (SPXL) is an exchange-traded fund (ETF) that seeks to provide investors with three times the daily performance of the S&P 500 Index. The ETF's objective is to provide investors with leveraged exposure to the US equity market.

SPXL invests in a portfolio of US large-cap stocks included in the S&P 500 Index, with the goal of providing investors with triple the daily return of the index. The ETF uses leverage to achieve this goal, borrowing money to increase the size of its investment in the index.

As of September 2021, the SPXL ETF has a net asset value (NAV) of approximately $2 billion and holds a portfolio of US large-cap stocks included in the S&P 500 Index. The ETF's expense ratio is 0.95%, which is higher compared to other ETFs.

SPXL has a track record of providing investors with amplified returns, but it is important to note that the ETF's returns can also be amplified on the downside. Since its inception in 2008, the fund has provided investors with an annualized return of around 19% (as of March 23, 2023). However, the ETF is designed for short-term trading and is not meant to be held for an extended period of time.

Overall, the S&P 500 Bull 3X Direxion ETF (SPXL) could be a good investment option for investors looking for leveraged exposure to the US equity market. However, due to its high expense ratio and amplified risk profile, it may not be suitable for all investors. Additionally, the ETF's returns may deviate significantly from the returns of the underlying index over longer periods of time, due to the effects of compounding and leverage.

 



 

 

 
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