SPXSvsSHETF Comparison
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Direxion Daily S&P 500 Bear 3X Shares (SPXS) and ProShares Short S&P500 ETF (SH) belong to the same industry segment: Inverse Equity. SPXS is more expensive with a Total Expense Ratio (TER) of 1.04%, versus 0.89% for SH. SPXS is down -28.15% year-to-date (YTD) with +$115M in YTD flows. SH performs better with -8.74% YTD performance, and +$176M in YTD flows. Run a side-by-side ETF comparison of SPXS and SH 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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SPXS vs SH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXS SH | +0.88%+0.54% | -8.90%-2.28% | -28.15%-8.74% | -26.73%-7.59% | -84.10%-38.60% | -84.89%-33.03% |
| Flows | SPXS SH | -$23M-$21M | +$12M+$59M | +$115M+$176M | +$35M-$162M | +$500M-$122M | +$1.00B+$262M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXS SH | +33.15%+11.15% | +37.63%+12.75% | +44.61%+14.98% | +50.83%+17.06% |
| Max drawdown | SPXS SH | -17.54%-6.05% | -46.32%-18.29% | -85.28%-40.47% | -90.82%-46.00% |
| Max drawdown duration | SPXS SH | 89d89d | 210d210d | 1093d1093d | 1593d1475d |
Trading data
SPXS | SH | |
Last sale 10/27/2026 at 1:30 PM | $24.27 | $32.24 |
| Previous close 10/26/2026 | $24.67 | $32.43 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 28, 2026
1-year trailing difference
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SPXS | SH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
SPXS | SH | |
|---|---|---|
| Last price | $24.27 | $32.24 |
| 1D performance | -1.62% | -0.59% |
| AuM | $323.90 M | $943.46 M |
| E/R | 1.04% | 0.89% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXS and SH
How have the SPXS and SH ETFs performed in 2026?
As of October 26, 2026, SPXS is down -28.15% year-to-date (YTD), while SH has lost -8.74%. That puts SH better performer ahead so far this year.
Which ETF is attracting more investor money: SPXS or SH?
Year-to-date, the SPXS ETF saw +$115M in flows, compared to +$176M for SH.
Which ETF is more volatile: SPXS or SH?
Over the past year, SPXS had a volatility of 37.63%, while SH experienced 12.75%.
Which ETF is bigger: SPXS or SH?
As of October 26, 2026, SPXS holds $323.90 M in assets under management (AUM), while SH manages $943.46 M.
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Latest news about SPXS & SH
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