SPXL vs. TQQQ: Is S&P 500 Stability or Tech-Focused Growth the Better Buy for Leveraged ETF Investors?

2026-03-15 19:58:17 ET

The ProShares - UltraPro QQQ (NASDAQ:TQQQ) and the Direxion Daily S&P 500 Bull 3X ETF (NYSEMKT:SPXL) are both designed for aggressive traders seeking amplified daily moves, but their underlying benchmarks create meaningful differences.

This comparison details where costs, returns, risk, and portfolio structure diverge.

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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