Recovering Economy Drives Bets For S&P 500 ETFs

ProShares Ultra S&P500 ETF (SSO - Free Report)

This is the most popular and liquid ETF in the leveraged space with AUM of $3.1 billion and average daily volume of more than 2 million shares. The fund seeks to deliver 2X the return of the index, charging investors 91 bps in fees per year.

Direxion Daily S&P 500 Bull 2x Shares (SPUU - Free Report)

While this product also provides 2X exposure to the index, it charges a lower fee of 60 bps. It has a lower level of $26.5 million in AUM and sees lower volume of about 17,000 shares a day on average.

ProShares UltraPro S&P500 ETF (UPRO - Free Report)

This fund provides 3X exposure to the index with a higher expense ratio of 0.93%. Average trading volume is solid, exchanging about 4.8 million shares per day on average. It has amassed $1.9 billion in its asset base.

Direxion Daily S&P 500 Bull 3x Shares (SPXL - Free Report)

Like UPRO, this fund also creates 3X long position in the S&P 500 Index with 0.95% in expense ratio. It has AUM of $1.7 billion and liquid and trades in average daily volume of nearly 6.3 million shares.

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