Comparison of Direxion and ProShares Leveraged ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Source: Fool
- Cost and AUM Comparison: Direxion's SPXL has a lower expense ratio of 0.93% compared to ProShares' QLD at 0.98%, making SPXL more appealing for cost-conscious traders, while QLD manages nearly double the assets at $10.7 billion versus SPXL's $5.9 billion, indicating QLD's strong market appeal.
- Return and Risk Analysis: Over the past year, SPXL achieved a return of 27% while QLD returned 30%, with both experiencing similar maximum drawdowns of -63.84% and -63.78%, suggesting that QLD may be better suited for investors seeking higher returns in volatile markets.
- Portfolio Composition Differences: QLD's portfolio has a significant technology weighting of 53%, compared to SPXL's 35%, which positions QLD to outperform during strong tech rallies, particularly with major holdings like Nvidia, Apple, and Microsoft reflecting its concentrated tech focus.
- Market Outlook and Investment Strategy: Although both ETFs have performed well in the recent bull market with five-year annualized returns of 28% and 20%, analysts anticipate muted returns in 2026, prompting investors to exercise caution and maintain diversified allocations to mitigate potential market volatility.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 204.650
Low
200.00
Averages
264.97
High
352.00
Current: 204.650
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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