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