SPXL vs UPRO
Comparison between DIREXION DAILY S&P 500(R) BULL 3X SHARES (SPXL, ETF) and PROSHARES ULTRAPRO S&P500 (UPRO, ETF).
5-Year PerformanceSPXL has outperformed UPRO, delivering a return of +21.7% compared to +21.4%
SPXL vs UPRO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPXL
$5.90B
UPRO
$4.70B
Max Drawdown
SPXL
76.86%
Winner
UPRO
76.82%
Sharpe Ratio
Winner
SPXL
1.54
UPRO
1.53
5Y Beta
Winner
SPXL
2.88
UPRO
2.89
P/E Ratio
SPXL
28.88
UPRO
N/A
Forward P/E
SPXL
22.35
UPRO
N/A
5Y Dividends CAGR
SPXL
65.03%
Winner
UPRO
84.45%
Debt to Equity
SPXL
27.02%
UPRO
N/A
P/S Ratio
SPXL
3.59
UPRO
N/A
P/B Ratio
SPXL
5.73
UPRO
N/A
SPXL vs UPRO - Holdings Comparison
SPXL and UPRO have 444 common holdings. Overlap is 33.52%
SPXL's top 25 holdings weight is 73.78%. UPRO's top 25 holdings weight is 71.97%.
| Rank | SPXL | UPRO |
|---|---|---|
| #1 | S&P 500 INDEX SWAP (n/a) - 18.93% | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 25.37% |
| #2 | DREYFUS TRSRY SECURITIES CASH MGMT (n/a) - 14.55% | S&P 500 INDEX SWAP (n/a) - 19.88% |
| #3 | NVIDIA CORP (NVDA) - 5.73% | NVIDIA CORP (NVDA) - 3.79% |
| #4 | DREYFUS GOVT CASH MAN INS (n/a) - 5.20% | APPLE INC (AAPL) - 3.28% |
| #5 | APPLE INC (AAPL) - 4.96% | MICROSOFT CORP (MSFT) - 2.25% |
| #6 | MICROSOFT CORP (MSFT) - 3.39% | CTE PROSHARES TRUST M (n/a) - 1.96% |
| #7 | GOLDMAN FINL SQ TRSRY INST 506 (n/a) - 3.33% | AMAZON.COM INC (AMZN) - 1.88% |
| #8 | JP MORGAN 100 US TRSY CAPITAL 3163 (n/a) - 3.04% | E-MINI S&P 500 FUTURE JUNE 26 (n/a) - 1.63% |
| #9 | AMAZON.COM INC (AMZN) - 2.84% | ALPHABET INC CLASS A (GOOGL) - 1.62% |
| #10 | ALPHABET INC CLASS A (GOOGL) - 2.48% | BROADCOM INC (AVGO) - 1.42% |
| #11 | BROADCOM INC (AVGO) - 2.19% | ALPHABET INC CLASS C (GOOG) - 1.29% |
| #12 | ALPHABET INC CLASS C (GOOG) - 1.97% | META PLATFORMS INC CLASS A (META) - 0.97% |
| #13 | META PLATFORMS INC CLASS A (META) - 1.47% | TESLA INC (TSLA) - 0.87% |
| #14 | TESLA INC (TSLA) - 1.34% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.65% |
| #15 | CITIGROUP INC (C) - 0.24% | MICRON TECHNOLOGY INC (MU) - 0.61% |
| #16 | ANALOG DEVICES INC (ADI) - 0.23% | ELI LILLY AND CO (LLY) - 0.61% |
| #17 | PALO ALTO NETWORKS INC (PANW) - 0.23% | JPMORGAN CHASE & CO (JPM) - 0.60% |
| #18 | VERIZON COMMUNICATIONS INC (VZ) - 0.22% | ADVANCED MICRO DEVICES INC (AMD) - 0.55% |
| #19 | MCDONALD'S CORP (MCD) - 0.22% | EXXON MOBIL CORP (XOM) - 0.47% |
| #20 | PEPSICO INC (PEP) - 0.22% | JOHNSON & JOHNSON (JNJ) - 0.41% |
| #21 | THE WALT DISNEY CO (DIS) - 0.20% | INTEL CORP (INTC) - 0.41% |
| #22 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.20% | VISA INC CLASS A (V) - 0.40% |
| #23 | WESTERN DIGITAL CORP (WDC) - 0.20% | WALMART INC (WMT) - 0.38% |
| #24 | AMGEN INC (AMGN) - 0.20% | CISCO SYSTEMS INC (CSCO) - 0.34% |
| #25 | NEXTERA ENERGY INC (NEE) - 0.20% | COSTCO WHOLESALE CORP (COST) - 0.33% |
| Total Holdings | 470 | 489 |
SPXL vs UPRO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SPXL
+4.42%
UPRO
+4.31%
3M
Winner
SPXL
+22.48%
UPRO
+22.30%
6M
Winner
SPXL
+17.31%
UPRO
+17.11%
1Y
Winner
SPXL
+71.80%
UPRO
+71.20%
5Y(CAGR)
Winner
SPXL
+21.73%
UPRO
+21.38%
10Y(CAGR)
Winner
SPXL
+29.09%
UPRO
+28.99%
Max(CAGR)
SPXL
+28.32%
Winner
UPRO
+32.74%
SPXL vs UPRO - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SPXL | UPRO |
|---|---|---|
| 2026 | +18.75% | +18.49% |
| 2025 | +33.02% | +33.00% |
| 2024 | +66.58% | +66.56% |
| 2023 | +71.53% | +70.82% |
| 2022 | -57.31% | -57.58% |
| 2021 | +107.32% | +107.13% |
| 2020 | +6.68% | +7.18% |
| 2019 | +102.65% | +101.91% |
| 2018 | -26.55% | -26.65% |
| 2017 | +67.50% | +67.74% |
| 2016 | +35.96% | +36.68% |
| 2015 | -5.43% | -4.99% |
| 2014 | +41.39% | +42.06% |
| 2013 | +102.91% | +103.37% |
| 2012 | +37.95% | +40.02% |
| 2011 | -17.26% | -14.37% |
| 2010 | +32.94% | +29.81% |
| 2009 | +50.59% | +73.78% |
| 2008 | -28.52% | N/A |
SPXL vs UPRO Drawdown Comparison
The maximum drawdown for SPXL was -76.86%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The maximum drawdown for UPRO was -76.82%, occurring on Mar 23, 2020. Recovery took 225 trading sessions.
The current SPXL drawdown is -8.84%. The current UPRO drawdown is -8.84%.
| Rank | SPXL | UPRO |
|---|---|---|
| #1 | -76.86% Feb 19, 2020 - Jan 8, 2021 | -76.82% Feb 19, 2020 - Jan 8, 2021 |
| #2 | -71.32% Nov 5, 2008 - Sep 15, 2009 | -63.94% Jan 3, 2022 - Jun 17, 2024 |
| #3 | -63.80% Jan 3, 2022 - Jun 12, 2024 | -51.73% Apr 29, 2011 - Apr 2, 2012 |
| #4 | -53.81% Apr 29, 2011 - Sep 13, 2012 | -50.28% Sep 20, 2018 - Jul 12, 2019 |
| #5 | -50.17% Sep 20, 2018 - Jul 12, 2019 | -48.86% Feb 19, 2025 - Jul 25, 2025 |
| #6 | -48.95% Dec 6, 2024 - Jul 25, 2025 | -42.88% Apr 23, 2010 - Dec 10, 2010 |
| #7 | -43.44% Apr 23, 2010 - Dec 10, 2010 | -39.29% May 21, 2015 - Jul 18, 2016 |
| #8 | -39.56% May 21, 2015 - Jul 20, 2016 | -29.34% Jan 26, 2018 - Aug 29, 2018 |
| #9 | -29.48% Jan 26, 2018 - Sep 20, 2018 | -27.26% Apr 2, 2012 - Sep 6, 2012 |
| #10 | -26.77% Jan 12, 2026 - Apr 17, 2026 | -26.79% Jan 12, 2026 - Apr 17, 2026 |
| #11 | -24.36% Jul 16, 2024 - Sep 26, 2024 | -24.41% Jul 16, 2024 - Sep 24, 2024 |
| #12 | -22.79% Jan 19, 2010 - Mar 11, 2010 | -22.72% Jan 19, 2010 - Mar 16, 2010 |
| #13 | -21.42% Sep 14, 2012 - Jan 10, 2013 | -21.27% Sep 14, 2012 - Jan 4, 2013 |
| #14 | -21.05% Sep 18, 2014 - Nov 3, 2014 | -21.05% Sep 18, 2014 - Nov 3, 2014 |
| #15 | -17.96% Jul 26, 2019 - Nov 1, 2019 | -18.18% Feb 18, 2011 - Apr 26, 2011 |
Correlation
Correlation between SPXL and UPRO is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2008 - 2026)
SPXL vs UPRO dividend yield comparison.
| Year | SPXL | UPRO |
|---|---|---|
| 2026 | 0.17% | 0.16% |
| 2025 | 0.69% | 0.84% |
| 2024 | 0.74% | 0.93% |
| 2023 | 0.98% | 0.74% |
| 2022 | 0.32% | 0.52% |
| 2021 | 0.11% | 0.06% |
| 2020 | 0.22% | 0.11% |
| 2019 | 0.84% | 0.41% |
| 2018 | 1.02% | 0.63% |
| 2017 | 3.88% | 0.00% |
| 2016 | 0.00% | 0.12% |
| 2015 | 0.00% | 0.34% |
| 2014 | 0.00% | 0.22% |
| 2013 | 0.00% | 0.07% |
| 2012 | 0.00% | 0.05% |
| 2011 | 0.00% | 0.06% |
| 2010 | 2.17% | 0.18% |
| 2009 | 13.15% | 0.11% |
| 2008 | 0.18% | 0.00% |
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