SPXSvsSPXUETF Comparison
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Direxion Daily S&P 500 Bear 3X Shares (SPXS) and ProShares UltraPro Short S&P500 ETF - USD (SPXU) belong to the same industry segment: Inverse Equity. SPXS is more expensive with a Total Expense Ratio (TER) of 1.04%, versus 0.9% for SPXU. SPXS is down -25.11% year-to-date (YTD) with +$123M in YTD flows. SPXU performs worse with -25.9% YTD performance, and +$162M in YTD flows. Run a side-by-side ETF comparison of SPXS and SPXU 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 SPXU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPXS SPXU | +8.40%+8.31% | -0.59%-1.58% | -25.11%-25.90% | -31.83%-32.64% | -79.21%-79.80% | -85.52%-85.84% |
| Flows | SPXS SPXU | -$17M+$5M | +$50M+$38M | +$123M+$162M | +$64M+$25M | +$384M+$385M | +$987M+$1.31B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXS SPXU | +33.33%+34.18% | +38.10%+38.64% | +44.95%+45.13% | +51.00%+51.11% |
| Max drawdown | SPXS SPXU | -17.54%-17.50% | -46.32%-46.79% | -85.28%-85.65% | -90.82%-91.05% |
| Max drawdown duration | SPXS SPXU | 49d49d | 170d170d | 1053d1053d | 1553d1553d |
Trading data
SPXS | SPXU | |
Last sale 9/17/2026 at 1:30 PM | $25.21 | $35.36 |
| Previous close 09/16/2026 | $26.10 | $36.55 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 18, 2026
1-year trailing difference
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SPXS | SPXU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
SPXS | SPXU | |
|---|---|---|
| Last price | $25.21 | $35.36 |
| 1D performance | -3.41% | -3.26% |
| AuM | $350.28 M | $443.75 M |
| E/R | 1.04% | 0.9% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXS and SPXU
How have the SPXS and SPXU ETFs performed in 2026?
As of September 16, 2026, SPXS is down -25.11% year-to-date (YTD), while SPXU has lost -25.9%. That puts SPXS better performer ahead so far this year.
Which ETF is attracting more investor money: SPXS or SPXU?
Year-to-date, the SPXS ETF saw +$123M in flows, compared to +$162M for SPXU.
Which ETF is more volatile: SPXS or SPXU?
Over the past year, SPXS had a volatility of 38.1%, while SPXU experienced 38.64%.
Which ETF is bigger: SPXS or SPXU?
As of September 16, 2026, SPXS holds $350.28 M in assets under management (AUM), while SPXU manages $443.75 M.
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