UPRO vs SPXL: which was the better investment?
ProShares UltraPro S&P 500 against Direxion Daily S&P 500 Bull 3X Shares on real daily total-return data — every dividend reinvested, from Jun 25, 2009 to Jul 15, 2026.
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Frequently asked questions
Did UPRO beat SPXL?
It was effectively a tie over the full overlap period (Jun 25, 2009 to Jul 15, 2026): $10,000 grew to $1,290,571 in UPRO and $1,268,327 in SPXL, a difference of under 2%.
What would $10,000 in UPRO be worth today?
$10,000 invested in ProShares UltraPro S&P 500 (UPRO) on Jun 25, 2009 would be worth about $1,290,571 as of Jul 15, 2026, a total return of 12805.7% (33.0% per year). The same $10,000 in SPXL would be worth $1,268,327.
Which was riskier — UPRO or SPXL?
UPRO swung with an annualized volatility of 51.2% and a worst peak-to-trough drop of -76.8%; SPXL ran at 51.1% volatility with a -76.9% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.60 for UPRO vs 0.60 for SPXL.
What data is this comparison based on?
Daily adjusted closing prices covering Jun 25, 2009 through Jul 15, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with UPRO vs SPXL. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.