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SPUU vs USLX

Direxion Daily S&P 500 Bull 2X ETF

SPUUBNYSE Arca

Corgi U.S. Large-Cap 2x Daily ETF

USLXCCboe

Overlap

Expense ratio

USLX −0.40pt a year

SPUU0.60%USLX0.20%

Avg volume · 30D

SPUU 10.1×the volume

SPUU18.4KUSLX1.83K

SPUU vs USLX Performance

Jul 31, 2026 – Oct 30, 2026

+1.4%SPUU−0.3%USLX

Jul 31, 2026 to Oct 30, 2026. SPUU +1.4%. USLX −0.3%. Use the arrow keys to read each point.4%6%8%Jul 2026Sep 2026Oct 2026
Expense ratio
SPUU 0.60%
USLX 0.20%, better
Fund size
SPUU $300M
USLX $2M
1Y total return
SPUU +17.5%
USLX No data
Yield (12M)
SPUU 1.34%
USLX No data
Holdings
SPUU 509
USLX 1
Avg volume (30D)
SPUU 18.4K sh, better
USLX 1.83K sh
NAV per share
SPUU $224.77
USLX $23.93
52W range

ETF.net Grade

SPUU: Cost 74, Risk 63, Mission not scored, Tradability 44, Holdings not scored, Durability 62. USLX: Cost 94, Risk 63, Mission not scored, Tradability 27, Holdings not scored, Durability 21.
Pillar letters and Scores for SPUU, USLX, with each pillar’s weight
PillarSPUUUSLX
Cost30% weightA74A94Higher
Mission25% weightNot scoredNot scored
Risk15% weightB63B63
Tradability15% weightC44HigherD27
Holdings10% weightNot scoredNot scored
Durability5% weightB62HigherF21

Rank among 2x/3x Long S&P 500 funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SPUU and USLX are both graded against the same 7 2x/3x Long S&P 500 funds, so their Grades compare head to head.

2x/3x Long S&P 500⁠

Category · 7 funds
See all 7 ›

SPUU ranks 2nd and USLX 5th of 7 funds in the 2x/3x Long S&P 500 Category.

  1. Rank 1BSSOProShares Ultra S&P500Score 66
  2. Rank 2BSPUUDirexion Daily S&P 500 Bull 2X ETFScore 63
  3. Rank 3BSPXLDirexion Daily S&P 500 Bull 3X SharesScore 55
  4. Rank 5CUSGXCorgi U.S. Growth 2x Daily ETFScore 40
  5. Rank 5CUSLXCorgi U.S. Large-Cap 2x Daily ETFScore 40
  6. Rank 7DMVPLMiller Value Partners Leverage ETFScore 31

Our read on each fund

ETF.net Research

SPUUBDirexion Daily S&P 500 Bull 2X ETF

USLXCCorgi U.S. Large-Cap 2x Daily ETF

In short

SPUU Two times the daily move of the S&P 500, for 0.60% net of a waiver through September 1, 2027: the lowest fee on the S&P 500 bull-leverage shelf. The trade-off is a quieter ticker than the category's household name.

USLX No data

Stated mandate

SPUU The fund seeks daily investment results, before fees and expenses, equal to 200% of the performance of the S&P 500® Index.

USLX No data

Why people hold it

  • SPUU 0.60% net of a waiver through September 1, 2027 (0.66% gross) undercuts the category median and rival SSO, at 0.84% net of its own waiver through September 30, 2027.
  • Aims for 200% of the S&P 500's daily move, reset every day, built on roughly 500 large-cap stocks plus swaps. No guesswork about the exposure.direxion.com
  • Listed in 2014, making it one of the longer-running 2x S&P 500 funds, and it rates among the stronger builds in a small peer group.direxion.com

USLX No data

Worth knowing

  • SPUU The daily reset is the whole story: over stretches longer than a day, results can drift from 2x the index's cumulative move, and choppy markets widen that gap.direxion.com
  • Thinly traded next to the biggest names in the aisle, which can show up as wider bid-ask spreads.
  • Leverage is symmetric. A 1% down day in the S&P 500 lands as roughly 2% here, before fees.

USLX No data

Full SPUU profile⁠

Full USLX profile⁠

SPUU vs USLX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SPUU vs USLX Cost

Overpaying SPUU vs USLX

$7,662

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SPUU 0.60%

    $11,817

  • USLX 0.20%

    $4,155

$10,000
30 years

Cost over time

  • SPUU 0.60%
  • USLX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530SPUU $11,817USLX $4,155

Year by year

YearSPUUUSLXOverpaying
10$1,076$365$711
20$4,116$1,421$2,695
30$11,817$4,155$7,662

Expense ratio

  • 0.60%SPUU
  • 0.20%USLX, cheaper
  • Middle half of 2x/3x Long S&P 500 funds
  • Median 0.84%

USLX cheapest of 7 funds

SPUU 3rd cheapest of 7 funds

SPUU vs USLX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPUU 1.34%
USLX No data
Payout (12M)
SPUU $2.90
USLX None
Last payment
SPUU $0.26
USLX No data
Ex-dividend
SPUU Sep 22, 2026
USLX No data
Paid on
SPUU Sep 29, 2026
USLX No data
Frequency
SPUU Quarterly
USLX No data

Distribution history

Per share, 2017 to 2026, same scale for both

SPUUQuarterly · 31 paymentsAll SPUU payments⁠
One bar per payment. 31 payments from 2017 to 2026 YTD. Jun 20, 2017 $2.94; Sep 19, 2017 $0.08; Dec 19, 2017 $0.43; Jun 19, 2018 $0.22; Sep 25, 2018 $1.59; Dec 27, 2018 $0.42; Mar 19, 2019 $0.04; Jun 25, 2019 $0.47; Dec 23, 2019 $0.49; Jun 23, 2020 $0.27; Dec 10, 2020 $5.36; Dec 22, 2020 $0.36; Jun 22, 2021 $0.33; Dec 9, 2021 $2.27; Dec 21, 2021 $0.94; Dec 20, 2022 $0.62; Jun 21, 2023 $0.35; Sep 19, 2023 $0.19; Dec 21, 2023 $0.31; Mar 19, 2024 $0.28; Jun 25, 2024 $0.31; Sep 24, 2024 $0.11; Dec 23, 2024 $0.11; Mar 25, 2025 $0.37; Jun 24, 2025 $0.38; Sep 23, 2025 $0.24; Dec 10, 2025 $1.91; Dec 23, 2025 $0.10; Mar 24, 2026 $0.32; Jun 23, 2026 $0.31; Sep 22, 2026 $0.26. Use the arrow keys to read each point.$0$52017202020232026YTD
USLXAll USLX payments⁠

No distribution history available.

SPUU vs USLX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPUU 25.1%USLX No data
Return per unit of riskSharpe ratio, 3 years
SPUU 1.32USLX No data
Worst fallMax drawdown, 5 years
SPUU −46.6%USLX No data
Market sensitivityBeta, 5 years
SPUU 2.01USLX 1.82

Popular comparisons

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