SPXL vs TQQQ
Direxion Daily S&P 500 Bull 3x ETF against ProShares UltraPro QQQ: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
28%
86 shared positions
Fee gap
—
same fee
1-year return gap
5.8 pts
TQQQ is ahead
Larger fund
TQQQ
$35.9B
Side by side
| SPXL | TQQQ | |
|---|---|---|
| Fund | Direxion Daily S&P 500 Bull 3x ETF | ProShares UltraPro QQQ |
| Issuer | Direxion | ProShares |
| Category | Leveraged Equity | Leveraged Equity |
| Expense ratio | — | 0.84% |
| Assets | $7.2B | $35.9B |
| Average daily dollar volume | $442M | $3.8B |
| Listed | Nov 5, 2008 | Feb 9, 2010 |
| FrenzyCap score | 100 | 86 |
| 1-month return | +6.8% | +8.7% |
| 3-month return | +9.1% | +9.3% |
| Year to date | +31.4% | +40.0% |
| 1-year return | +40.2% | +46.0% |
| 30-day volatility | 30.3% | 46.2% |
| Worst drawdown, 1 year | −26.9% | −37.2% |
| Trailing 12-month yield | 0.50% | 0.66% |
| Holdings | 515 | 127 |
| Top 10 weight | 244.6% | 251.0% |
| Look-through P/E | 25.7 | 32.2 |
| Holdings vs fair value | +2.3% | −0.6% |
| Holdings above 200-day average | 74% | 76% |
| Net flow, latest 3 reported months | +$284M thru Jul 2026 | −$5.4B thru May 2026 |
| 30-day implied volatility | 38.5% | 57.4% |
| Holdings as of | as of Oct 15, 2026issuer data | as of Oct 15, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
39% of SPXL · 35% of TQQQ| Holding | SPXL | TQQQ |
|---|---|---|
| NVDA | 5.69% | 3.02% |
| AAPL | 5.32% | 2.88% |
| MSFT | 4.21% | 2.31% |
| AMZN | 2.65% | 1.58% |
| META | 1.73% | 1.26% |
| GOOGL | 2.17% | 1.18% |
| GOOG | 1.74% | 1.10% |
| TSLA | 1.10% | 1.10% |
| MU | 1.10% | 1.67% |
| AMD | 0.99% | 1.46% |
| AVGO | 1.75% | 0.94% |
| WMT | 0.55% | 0.91% |
| INTC | 0.52% | 0.80% |
| PLTR | 0.49% | 0.73% |
| CSCO | 0.48% | 0.69% |
| COST | 0.46% | 0.69% |
| LRCX | 0.38% | 0.55% |
| AMAT | 0.38% | 0.54% |
| PANW | 0.33% | 0.48% |
| NFLX | 0.31% | 0.48% |
| TXN | 0.27% | 0.41% |
| CRWD | 0.27% | 0.40% |
| KLAC | 0.25% | 0.36% |
| AMGN | 0.24% | 0.37% |
| LIN | 0.24% | 0.36% |
Sector mix of the stock holdings
| Sector | SPXL | TQQQ | Gap |
|---|---|---|---|
| Technology | 33.6% | 25.7% | +7.9% |
| Consumer Discretionary | 7.2% | 5.2% | +2.0% |
| Industrials | 7.6% | 2.3% | +5.3% |
| Health Care | 6.0% | 1.6% | +4.4% |
| Financials | 6.5% | 0.1% | +6.4% |
| Consumer Staples | 2.3% | 0.7% | +1.6% |
| Energy | 2.2% | 0.1% | +2.2% |
| Utilities | 1.8% | 0.4% | +1.3% |
| Communication Services | 0.9% | 0.9% | −0.0% |
| Materials | 1.3% | 0.4% | +0.9% |
| Real Estate | 1.2% | 0.0% | +1.2% |
More: full overlap table · SPXL holdings · TQQQ holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.