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SDSvsSPXSETF Comparison

ETF 1
SDS

ProShares UltraShort S&P500 - Distributing - USD

This fund is part of
Inverse Equity
+0.67%
VS
ETF 2
SPXS

Direxion Daily S&P 500 Bear 3X Shares

This fund is part of
Inverse Equity
+0.67%

ProShares UltraShort S&P500 - Distributing - USD (SDS) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) belong to the same industry segment: Inverse Equity. SDS is less expensive with a Total Expense Ratio (TER) of 0.91%, versus 1.04% for SPXS. SDS is down -21.9% year-to-date (YTD) with +$111M in YTD flows. SPXS performs worse with -31.78% YTD performance, and +$144M in YTD flows. Run a side-by-side ETF comparison of SDS and SPXS below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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SDS vs SPXS performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.0%Sep 14Sep 21Sep 28Oct 5Oct 12

Cumulative Flows

-60 M-40 M-20 M0 M20 MSep 14Sep 21Sep 28Oct 5Oct 12

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Historic performance and flows
Data as of 10/13/2026
1M3MYTD1Y3Y5Y
Perf.
SDS
SPXS
-4.23%-6.41%
-6.09%-9.64%
-21.90%-31.78%
-25.38%-36.72%
-66.34%-82.72%
-70.39%-87.59%
Flows
SDS
SPXS
-$37M+$204K
-$6M+$66M
+$111M+$144M
+$46M+$30M
+$191M+$474M
+$492M+$1.03B
Volatility and drawdown
3M1Y3Y5Y
Volatility
SDS
SPXS
+21.56%+32.07%
+25.30%+37.40%
+29.95%+44.76%
+33.94%+50.81%
Max drawdown
SDS
SPXS
-11.93%-17.54%
-33.89%-46.32%
-69.85%-85.28%
-76.84%-90.82%
Max drawdown duration
SDS
SPXS
76d76d
197d197d
1080d1080d
1472d1580d
Trading data

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SDS
SPXS
Last sale
10/14/2026 at 1:30 PM
$53.71
$24.19
Previous close
10/13/2026
$52.56
$23.42
Consolidated volume
10/13/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of October 15, 2026
1-year trailing difference

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SDS
SPXS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/14/2026 at 1:30 PM
Live
Closed
SDS
SPXS
Last price
$53.71
$24.19
1D performance
+2.19%
+3.29%
AuM$347.66 M$335.70 M
E/R0.91%1.04%
Characteristics
SDS
SPXS
Management strategyPassivePassive
ProviderProSharesDirexion
BenchmarkS&P 500 IndexS&P 500 Index
N° of holdings--
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateJuly 11, 2006November 5, 2008
ESGNoNo
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Exposure

Exposure data will be available soon

Frequently asked questions about SDS and SPXS

How have the SDS and SPXS ETFs performed in 2026?

As of October 13, 2026, SDS is down -21.9% year-to-date (YTD), while SPXS has lost -31.78%. That puts SDS better performer ahead so far this year.

Which ETF is attracting more investor money: SDS or SPXS?

Year-to-date, the SDS ETF saw +$111M in flows, compared to +$144M for SPXS.

Which ETF is more volatile: SDS or SPXS?

Over the past year, SDS had a volatility of 25.3%, while SPXS experienced 37.4%.

Which ETF is bigger: SDS or SPXS?

As of October 13, 2026, SDS holds $347.66 M in assets under management (AUM), while SPXS manages $335.70 M.

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