Investor Turns $70K to $4M Using This S&P 500 Bull ETF

1 hour ago 1

Omor Ibne Ehsan

Thu, May 28, 2026 astatine 10:00 AM CDT 5 min read

Quick Read

Direxion Daily S&P 500 Bull 3X Shares (SPXL) turned a $70,097 concern from May 2010 into $4,090,890 by May 2026, a 5,736% return, due to the fact that the S&P 500 delivered a creaseless low-volatility uptrend wherever regular leverage compounding accelerated gains alternatively than eroding them done volatility drag. SPY returned 544% implicit the aforesaid play portion SPXL returned 6,312%, astir 12x the unleveraged instrumentality connected a money engineered for 3x regular leverage.
SPXL’s outsized 16-year summation relied wholly connected an unusually cleanable bull marketplace authorities with debased realized volatility and beardown directional moves, a setup that cannot beryllium reliably replicated from today’s valuations wherever the S&P trades astatine the precocious extremity of its long-run net aggregate range.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Direxion Daily S&P 500 Bull 3X Shares didn't marque the cut. Grab the names FREE today.
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Direxion Daily S&P 500 Bull 3X Shares didn't marque the cut. Grab the names FREE today.

A Redditor posted a screenshot to r/wallstreetbets past week with the rubric "Boring $4,000,000 summation with triple-leveraged SPXL. I told WSB 6mo agone I would merchantability astatine $3.1m, americium gladsome I TACO'ed."

The presumption is Direxion Daily S&P 500 Bull 3X Shares (NYSEARCA:SPXL), bought connected May 10, 2010. The capitalist owns 14,760 shares astatine a split-adjusted outgo of $4.75, for a full outgo ground of $70,096.96. As of May 14, 2026, that involvement is worthy $4,090,890.46. The unrealized summation is $4,020,793.50, each filed nether semipermanent superior gains with $0.00 short-term. That is 1 bargain ticket, sixteen years, zero sales. The instrumentality is 5,736%, astir 58 times the money.

The aforesaid screenshot notes SPXL printed a caller 52-week precocious that day, closing the anterior league astatine $270.58 and trading up different $6.58 to $277.16. SPXL closed yesterday astatine $278.37.

What SPXL really does, and wherefore this result was not the program

SPXL is engineered to present 3x the regular instrumentality of the S&P 500. Every day the money rebalances its swap vulnerability backmost to 300% of the anterior close. That regular reset is the full product, and it is besides the happening that should person made this commercialized fail.

The mechanics is way dependence. If the scale drops 10% and bounces 10% the adjacent day, you are down astir 1%. SPXL, doing the aforesaid creation astatine triple speed, is down person to 9%. Run that loop for years and the leveraged money bleeds worth adjacent erstwhile the unleveraged scale goes nowhere. Direxion says truthful successful its ain prospectus. Every textbook and disclosure treats SPXL arsenic a tactical instrument, held for days, not decades.

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