# SPXL is a leveraged ETF?

**URL:** <https://community.investengine.com/t/spxl-is-a-leveraged-etf/2595>\
**Category:** Help & FAQs\
**Created:** [23 August 2025 10:54 UTC](https://community.investengine.com/t/spxl-is-a-leveraged-etf/2595 "2025-08-23T10:54:08Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Retired](https://avatars.discourse-cdn.com/v4/letter/r/ce73a5/32.png) [@Retired](https://community.investengine.com/u/Retired)\
**Post date:** [23 August 2025 10:54 UTC](https://community.investengine.com/t/spxl-is-a-leveraged-etf/2595/1 "2025-08-23T10:54:08Z")

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Hi Everyone,

Just doing some portfolio rebalancing and noticed SPXL S&P500 is a leveraged ETF.

I did not notice this as thought it was a normal S&P500.

Should I change as I have IITU as a S&P500 Tech in my portfolio.

1. Should I ditch SPXL totally (it has done 20% for me so far since April 2025!) as I have IITU

2. Change to a non-leveraged S&P500 as I do like diversification (with the odd flutter on things like IITU). Which has the lowest TER, accumulating S&P500 please.

I am looking to reevaluate and consider drawdown in 2032 at the earliest.

Thanks.

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**Author:** ![stehuk](https://avatars.discourse-cdn.com/v4/letter/s/90db22/32.png) [@stehuk](https://community.investengine.com/u/stehuk)\
**Post date:** [23 August 2025 11:35 UTC](https://community.investengine.com/t/spxl-is-a-leveraged-etf/2595/2 "2025-08-23T11:35:33Z")

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SPXL isn’t leveraged. (It’s a different SPXL, available in US I think, that is leveraged.)

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**Author:** ![Pinch](https://avatars.discourse-cdn.com/v4/letter/p/ba9def/32.png) [@Pinch](https://community.investengine.com/u/Pinch)\
**Post date:** [23 August 2025 11:50 UTC](https://community.investengine.com/t/spxl-is-a-leveraged-etf/2595/3 "2025-08-23T11:50:02Z")

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@Retired

SPDR ETF (SPXL) is available on IE and is not leveraged.

Direxion Daily S&P 500 Bull snd Bear 3X shares ETF (SPXL) is leveraged but not available in the UK.

Hope this helps

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**Author:** ![Retired](https://avatars.discourse-cdn.com/v4/letter/r/ce73a5/32.png) [@Retired](https://community.investengine.com/u/Retired)\
**Post date:** [23 August 2025 12:10 UTC](https://community.investengine.com/t/spxl-is-a-leveraged-etf/2595/4 "2025-08-23T12:10:55Z")

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Stehuk and Pinch,

Thank you for that.

I do not mind a little bit of a punt such as IITU but did not want the 3x leveraged ETF that copilot was telling me I had. It must of been referring to the US leveraged one.

Thanks I can continue to invest for my /nd retirement phase.

Have a great weekend.

Regards,

RETIREMENT2032