Key Takeaways
- • Direxion launched the Direxion U.S. 500 Plus ETF (SPXP) on October 7, 2026, pairing 100% S&P 500 exposure with a systematic managed futures trend-following overlay in a single fund.
- • SPXP seeks to track the Auspice U.S. Equity Plus Trend Index, developed by Auspice Capital Advisors Ltd., which combines full S&P 500 futures exposure with a managed futures strategy on the same capital.
- • The trend component spans commodities, currencies, and global fixed income, according to Direxion's announcement.
- • The launch extends Direxion's product lineup, historically centered on leveraged and inverse ETFs, into a non-leveraged, return-stacking structure.
- • Direxion reported approximately $70.8 billion in assets under management as of September 30, 2026.
Summary
Direxion announced the launch of the Direxion U.S. 500 Plus ETF (SPXP) in New York on October 7, 2026, according to a company press release distributed via PRNewswire. The fund seeks to track the Auspice U.S. Equity Plus Trend Index, developed by Auspice Capital Advisors Ltd. The index is structured as an active return-stacking approach that combines full S&P 500 exposure with a systematic trend-following managed futures strategy on the same capital base. The trend component spans commodities, currencies, and global fixed income.
According to Direxion, the product is designed to deliver through an exchange-traded structure an approach that has typically been available to institutional investors. Rather than requiring investors to choose between core equity exposure and a diversifying strategy, the fund seeks to provide both from a single capital base. The index is described as comprising 100% long exposure to E-mini S&P 500 futures and 100% long exposure to a managed futures strategy.
Direxion, founded in 1997, is best known for its leveraged and inverse ETF suite. The firm reported approximately $70.8 billion in assets under management as of September 30, 2026. The company's materials carry standard risk disclosures, including index correlation, derivatives, futures contracts, counterparty, and concentration risks. Direxion also states there is no guarantee the fund will achieve its investment objective. ALPS Distributors, Inc. is listed as distributor.
According to Direxion, the product is designed to deliver through an exchange-traded structure an approach that has typically been available to institutional investors. Rather than requiring investors to choose between core equity exposure and a diversifying strategy, the fund seeks to provide both from a single capital base. The index is described as comprising 100% long exposure to E-mini S&P 500 futures and 100% long exposure to a managed futures strategy.
Direxion, founded in 1997, is best known for its leveraged and inverse ETF suite. The firm reported approximately $70.8 billion in assets under management as of September 30, 2026. The company's materials carry standard risk disclosures, including index correlation, derivatives, futures contracts, counterparty, and concentration risks. Direxion also states there is no guarantee the fund will achieve its investment objective. ALPS Distributors, Inc. is listed as distributor.
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