SPXL vs. SSO: Which Leveraged S&P 500 ETF Is Right for You?

2026-03-14 16:56:43 ET

The ProShares - Ultra S&P 500 ETF (NYSEMKT:SSO) and the Direxion Daily S&P 500 Bull 3X ETF (NYSEMKT:SPXL) are both designed for investors seeking magnified daily moves of the S&P 500, using derivatives to achieve 2x and 3x daily returns, respectively.

This comparison highlights how the two funds stack up in terms of cost, risk, performance, and portfolio makeup for anyone considering leveraged S&P 500 exposure.

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months.

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