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Direxion Launches Non-Leveraged S&P 500 Futures ETF

BY | ETF Database
8:12 am ET 10/08/26 | 25 VIEWS
Direxion announced the launch of the Direxion U.S. 500 Plus ETF (SPXP) on the Nasdaq on Wednesday.The fund tracks the Auspice U.S. Equity Plus Trend Index, which layers a managed futures strategy on top of full S&P 500 exposure, using the same pool of capital, according to the release. SPXP has a 0.92% expense ratio, with holdings rebalanced monthly.Key Takeaways: The Direxion U.S. 500 Plus ETF (SPXP) layers a systematic trend-following managed futures strategy on top of a full S&P 500 equity exposure. The fund eliminates the operational friction for retail investors. It packages core equity and a diversifying managed futures overlay into a single 0.92% expense-ratio ETF. Historically recognized for leveraged and inverse products, Direxion continues to expand its footprint in non-leveraged alternatives like SPXP, equal-weight tech funds, and commodity strategies. SPXP deliveres 100% S&P 500 exposure combined with a systematic trend-following managed futures overlay. By doing so, it eliminates the need for investors to choose between core equity and a diversifying strategy. Mo Sparks, chief product officer at Direxion, said the fund’s launch is a sign of an “important evolution” at the firm. “SPXP takes a strategy that has traditionally been more complex for individual investors to implement and delivers it in a single, accessible ETF,” he added. Tim Pickering, founder, president and chief investment officer of Auspice, said the index is happy about its continued relationship with the firm. “Direxion’s expertise in structuring and delivering complex exposures through ETFs made the firm a natural fit for this index”, Pickering added.Non-Leveraged OfferingsAlthough primarily known for its suite of leveraged and inverse trading products, Direxion also offers nine non-leveraged funds, including SPXP. One of its most notable unleveraged funds, the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE B-), holds the non-financial stocks of the index in equal 1% allocations and serves as an alternative to market-cap-weighted tech funds. QQQE, which has a 0.35% expense ratio, has had a 20.76% return year-to-date, outperforming its peers by 7.6%. The Direxion Auspice Broad Commodity Strategy ETF (COM B+) is another non-leveraged fund from the company that has had impressive returns YTD at 21.98%. COM, which has a 0.72% expense ratio, uses a dynamic multi-commodity trend strategy across energy, metals, and agriculture. The Direxion GOOGL Defined Income Boost ETF (GOIB), the Direxion META Defined Income Boost ETF (MEIB), and the Direxion MU Defined Income Boost ETF (MUIB) are also included in the firm’s non-leveraged offerings. For more news, information, and analysis, visit the Leveraged & Inverse Content Hub.

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