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SPXL, as a levered product, is not a buy-and-hold ETF, it's a short-term tactical instrument for getting 3x exposure to the S&P 500. The fund gets the added exposure by using futures contracts and other derivatives. The underlying companies are among the biggest and most well-known in the world. Importantly, the implication of SPXL's daily rebalancing is that holding-period returns longer than a day are unlikely to resemble 3x exposure to the S&P 500. Shorter holding periods increase the importance of trading costs relative to yearly management costs, which are fairly high but average for…
Is SPXL's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
Statistically, investing as much as you can in the S&P 500 as early as possible tends to produce the best returns. That's because the stock market goes up more often than not.
As market volatility persists, a disciplined growth-and-income strategy can generate attractive total returns while outperforming the S&P 500. The QG&I portfolio has demonstrated that investors don't have to sacrifice growth for income, outperforming the S&P 500 by 10.96% since June 3, 2026. Discover three top Quant Growth & Income stocks, supported by strong fundamentals, that offer dependable income and characteristics ready to withstand an uncertain market outlook.
The S&P 500 has reached its highest level of market concentration on record, surpassing even the peak seen during the Dot-com bubble.
Short interest in the S&P 500 index has climbed to approximately 3.7% of its free float—nearing its highest level since 2010—prompting market commentator The Kobeissi Letter to warn that “conditions for a short-squeeze are rising”.
The S&P 500 Shiller CAPE ratio is on the verge of reaching its highest reading in 155 years. At its current level, the CAPE ratio suggests valuations are overextended.