--- title: "SPXL vs. TQQQ: Is S&P 500 Stability or Tech-Focused Growth the Better Buy for Leveraged ETF Investors?" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/279176438.md" description: "The article compares two leveraged ETFs, TQQQ and SPXL, which both utilize daily 3x leverage but track different indexes. TQQQ, focused on the Nasdaq-100, has shown a higher one-year return but a deeper five-year drawdown compared to SPXL, which tracks the S&P 500. Both funds are highly liquid and have similar expense ratios and dividend yields. Investors must consider their risk tolerance, as TQQQ is more volatile due to its tech focus, while SPXL offers slightly more stability. The article also suggests looking into other investment opportunities beyond these ETFs." datetime: "2026-03-16T00:10:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279176438.md) - [en](https://longbridge.com/en/news/279176438.md) - [zh-HK](https://longbridge.com/zh-HK/news/279176438.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/279176438.md) | [English](https://longbridge.com/en/news/279176438.md) # SPXL vs. TQQQ: Is S&P 500 Stability or Tech-Focused Growth the Better Buy for Leveraged ETF Investors? ## Key Points - TQQQ and SPXL both use daily 3x leverage but track different indexes, leading to different sector exposures and performance patterns. - TQQQ posted a higher one-year return but experienced a deeper five-year drawdown compared to SPXL. - Both funds feature very high liquidity for active traders. - 10 stocks we like better than Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3x Shares › 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. ## Snapshot (cost & size) Metric TQQQ SPXL Issuer ProShares Direxion Expense ratio 0.82% 0.84% 1-yr return (as of March 15, 2026) 48.42% 36.92% Dividend yield 0.69% 0.69% Beta (5Y monthly) 3.59 3.09 AUM $27.3 billion $5.6 billion _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._ With identical dividend yields and very similar expense ratios, neither ETF has a strong advantage over the other. However, because leveraged ETFs like TQQQ and SPXL are typically short-term investments, factors like fees and dividend income may not make a substantial difference for most investors anyway. ## Performance & risk comparison Metric TQQQ SPXL Max drawdown (5 y) \-81.65% \-63.80% Growth of $1,000 over 5 years $2,075 $2,367 ## What's inside SPXL tracks the S&P 500 with daily 3x leverage. It holds just over 500 positions, with top equity allocations to **Nvidia**, **Apple**, and **Microsoft**. TQQQ, by contrast, follows the Nasdaq-100 and is heavily tilted toward technology. It holds only 101 stocks, and its portfolio is dominated by mega-cap tech giants like Nvidia and Apple. Like SPXL, it resets its leverage daily, which may lead to performance drift over time. For more guidance on ETF investing, check out the full guide at this link. ## What this means for investors Leveraged ETFs can be lucrative, but they also carry more risk. Both of these funds reset their leverage daily, and the compounding effects of these resets make them more vulnerable to volatility. Both funds aim for three times the daily returns of their underlying benchmarks, but because they track different indexes, that can lead to different risk profiles. TQQQ’s heavy tilt toward tech stocks may result in larger swings — both positive and negative — during tech rallies and corrections. SPXL is more diversified, with around five times as many holdings as TQQQ. The S&P 500 generally experiences less volatility than the Nasdaq-100, so investors are likely to see less dramatic price swings with SPXL. That said, tech stocks have greater potential for above-average returns, so TQQQ could be the more lucrative of the two funds. Choosing between them will typically come down to your risk tolerance and goals. While all leveraged ETFs carry risk, SPXL offers slightly more stability. TQQQ, on the other hand, can be more volatile but also more lucrative. ## Should you buy stock in Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3x Shares right now? Before you buy stock in Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3x Shares, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3x Shares wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $514,000**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,105,029**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 930% — a market-crushing outperformance compared to 187% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of March 15, 2026._ _Katie Brockman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia and is short shares of Apple. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### 相關股票 - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/zh-HK/quote/QQQ.US.md) - [SPDR S&P 500 (SPY.US)](https://longbridge.com/zh-HK/quote/SPY.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/zh-HK/quote/.SPX.US.md) - [VG S&P 500 (VOO.US)](https://longbridge.com/zh-HK/quote/VOO.US.md) - [Direxion S&P 500 Bull 3X (SPXL.US)](https://longbridge.com/zh-HK/quote/SPXL.US.md) - [Invesco Nasdaq 100 ETF (QQQM.US)](https://longbridge.com/zh-HK/quote/QQQM.US.md) - [Global X NASDAQ 100 Collar 95-110 ETF (QCLR.US)](https://longbridge.com/zh-HK/quote/QCLR.US.md) - [iShares Core S&P 500 (IVV.US)](https://longbridge.com/zh-HK/quote/IVV.US.md) - [First Trust NASDAQ-100 Equal Weighted (QQEW.US)](https://longbridge.com/zh-HK/quote/QQEW.US.md) - [NASDAQ-100 (.NDX.US)](https://longbridge.com/zh-HK/quote/.NDX.US.md) - [Pro UltrPro S&Pro 500 (UPRO.US)](https://longbridge.com/zh-HK/quote/UPRO.US.md) - [ProShares Ultra QQQ (QLD.US)](https://longbridge.com/zh-HK/quote/QLD.US.md) - [Proshares UltraPro QQQ (TQQQ.US)](https://longbridge.com/zh-HK/quote/TQQQ.US.md) ## 相關資訊與研究 - [Two ETF Goliaths Driving the Markets This Month](https://longbridge.com/zh-HK/news/281411078.md) - [Should You Really Invest in the Vanguard S&P 500 ETF Right Now? 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