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SPXL vs USGX

Direxion Daily S&P 500 Bull 3X Shares

SPXLBNYSE Arca

Corgi U.S. Growth 2x Daily ETF

USGXCCboe

Overlap

0.0%by weight

Expense ratio

USGX −0.39pt a year

SPXL0.84%USGX0.45%

Avg volume · 30D

SPXL 14485.6×the volume

SPXL1.62MUSGX112

SPXL vs USGX Performance

Jul 31, 2026 – Oct 30, 2026

+0.9%SPXL−3.7%USGX

Jul 31, 2026 to Oct 30, 2026. SPXL +0.9%. USGX −3.7%. Use the arrow keys to read each point.5%10%15%Jul 2026Sep 2026Oct 2026
Expense ratio
SPXL 0.84%
USGX 0.45%, better
Fund size
SPXL $7.05B
USGX $0
1Y total return
SPXL +21.3%
USGX No data
Yield (12M)
SPXL 0.54%
USGX No data
Holdings
SPXL 514
USGX 1
Avg volume (30D)
SPXL 1.62M sh, better
USGX 112 sh
NAV per share
SPXL $285.90
USGX $21.21
52W range

ETF.net Grade

SPXL: Cost 59, Risk 41, Mission not scored, Tradability 60, Holdings not scored, Durability 72. USGX: Cost 84, Risk 33, Mission not scored, Tradability 16, Holdings not scored, Durability 17.
Pillar letters and Scores for SPXL, USGX, with each pillar’s weight
PillarSPXLUSGX
Cost30% weightB59A84Higher
Mission25% weightNot scoredNot scored
Risk15% weightC41HigherD33
Tradability15% weightB60HigherF16
Holdings10% weightNot scoredNot scored
Durability5% weightA72HigherF17

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. SPXL and USGX 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 ›

SPXL ranks 3rd and USGX 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 3CUPROProShares UltraPro S&P500Score 55
  5. Rank 5CUSGXCorgi U.S. Growth 2x Daily ETFScore 40
  6. Rank 5CUSLXCorgi U.S. Large-Cap 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

SPXLBDirexion Daily S&P 500 Bull 3X Shares

USGXCCorgi U.S. Growth 2x Daily ETF

In short

SPXL The original 3x S&P 500 ETF. Direxion launched SPXL in November 2008, months ahead of its closest rival, and it still aims to deliver 300% of the index's daily move, at 0.84% net of a waiver through September 1, 2027.

USGX No data

Stated mandate

SPXL The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P 500 Index.

USGX No data

Why people hold it

  • SPXL The elder of the 3x S&P 500 funds: live since November 5, 2008, about seven months before UPRO, the other 3x option, arrived.stockanalysis.com
  • 0.84% net of a waiver through September 1, 2027 undercuts UPRO's 0.88% for the same 3x job, and matches SSO's 0.84% (net of a waiver through September 30, 2027) for half the leverage.
  • A multi-billion-dollar fund that trades actively. Depth matters most in a product whose objective resets every single day.

USGX No data

Worth knowing

  • SPXL The 300% target is a one-day target. Hold longer and results can drift well away from 3x the index's move over that stretch, because each day compounds off a new base.sec.gov
  • Leverage is symmetric: the fund is built to move about three times as far as the S&P 500 on down days too, before fees.sec.gov
  • The sticker price is 0.95%; the 0.84% you pay depends on a waiver running through September 1, 2027.

USGX No data

Full SPXL profile⁠

Full USGX profile⁠

SPXL vs USGX Holdings

How SPXL and USGX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SPXL and 0.0% of USGX.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile99.5%

Sector

No Sector split for SPXL and USGX.

Country, concentration and asset class

Country by domicile

Country weights in SPXL and USGX, widest gap first
CountryMore in SPXLMore in USGX
United StatesUSGX +0.5 points
SwitzerlandSPXL +0.3 points
ChinaSPXL +0.1 points
MexicoSPXL +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • SPXL77.4%
  • USGX198.8%

Securities held

  • SPXL505
  • USGX0

Asset class

SPXL
Equity
USGX
Equity

Holdings

  • Only in SPXL505
  • In both0
  • Only in USGX0

Only in SPXL

505 securities, 24.3% of SPXL by weight

  • NVIDIA Corp1.68%
  • Apple Inc1.65%
  • Goldman Finl Sq Trsry Inst 5061.65%

Only in USGX

0 securities, 0.0% of USGX by weight

Weight gaps

SPXL and USGX share no securities.

All 516 SPXL holdings⁠All 15 USGX 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.

SPXL vs USGX Cost

Overpaying SPXL vs USGX

$6,988

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

  • SPXL 0.84%

    $16,029

  • USGX 0.45%

    $9,041

$10,000
30 years

Cost over time

  • SPXL 0.84%
  • USGX 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SPXL $16,029USGX $9,041

Year by year

YearSPXLUSGXOverpaying
10$1,491$812$679
20$5,643$3,128$2,515
30$16,029$9,041$6,988

Expense ratio

  • 0.84%SPXL
  • 0.45%USGX, cheaper
  • Middle half of 2x/3x Long S&P 500 funds
  • Median 0.84%

USGX 2nd cheapest of 7 funds

SPXL 4th cheapest of 7 funds

SPXL vs USGX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SPXL 0.54%
USGX No data
Payout (12M)
SPXL $1.45
USGX None
Last payment
SPXL $0.31
USGX No data
Ex-dividend
SPXL Sep 22, 2026
USGX No data
Paid on
SPXL Sep 29, 2026
USGX No data
Frequency
SPXL Quarterly
USGX No data

Distribution history

Per share, 2017 to 2026, same scale for both

SPXLQuarterly · 28 paymentsAll SPXL payments⁠
One bar per payment. 28 payments from 2017 to 2026 YTD. Dec 13, 2017 $1.60; Dec 19, 2017 $0.12; Jun 19, 2018 $0.01; Sep 25, 2018 $0.11; Dec 27, 2018 $0.21; Jun 25, 2019 $0.29; Dec 23, 2019 $0.26; Jun 23, 2020 $0.05; Dec 22, 2020 $0.12; Jun 22, 2021 $0.04; Dec 21, 2021 $0.11; Jun 22, 2022 $0.08; Dec 20, 2022 $0.12; Mar 21, 2023 $0.26; Jun 21, 2023 $0.26; Sep 19, 2023 $0.19; Dec 21, 2023 $0.30; Mar 19, 2024 $0.39; Jun 25, 2024 $0.34; Sep 24, 2024 $0.19; Dec 23, 2024 $0.32; Mar 25, 2025 $0.49; Jun 24, 2025 $0.57; Sep 23, 2025 $0.28; Dec 23, 2025 $0.17; Mar 24, 2026 $0.45; Jun 23, 2026 $0.52; Sep 22, 2026 $0.31. Use the arrow keys to read each point.$0$12017202020232026YTD
USGXAll USGX payments⁠

No distribution history available.

SPXL vs USGX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SPXL 38.9%USGX No data
Return per unit of riskSharpe ratio, 3 years
SPXL 1.24USGX No data
Worst fallMax drawdown, 5 years
SPXL −63.8%USGX No data
Market sensitivityBeta, 5 years
SPXL 3.03USGX 1.76

SPXL and USGX in the news

All news⁠

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