Direxion U.S. 500 Plus ETF

Frequently Asked Questions About SPXP

What does SPXP invest in?

Direxion U.S. 500 Plus ETF is an exchange-traded fund that seeks to track the performance of the Auspice U.S. Equity Plus Trend Index. The fund combines exposure to U.S. large-cap equities with a managed futures trend-following strategy, using futures, swaps, ETFs, and other instruments to gain exposure to equities, commodities, and fixed-income markets. The fund is listed on NYSE Arca under the ticker SPXP.

What is the expense ratio of SPXP?

Direxion U.S. 500 Plus ETF (SPXP) charges an expense ratio of 0.92%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPXP?

Direxion U.S. 500 Plus ETF (SPXP) manages $19.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is SPXP actively managed or an index fund?

SPXP is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SPXP's is 0.92%) because there's no security selection cost.

When was SPXP launched?

Direxion U.S. 500 Plus ETF (SPXP) launched in October 2026 and is managed by Direxion.

How has SPXP performed?

SPXP's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.