SPXSvsSQQQETF Comparison
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Direxion Daily S&P 500 Bear 3X Shares (SPXS) and ProShares UltraPro Short QQQ ETF - USD (SQQQ) belong to the same industry segment: Inverse Equity. SPXS is more expensive with a Total Expense Ratio (TER) of 1.04%, versus 0.99% for SQQQ. SPXS is down -28.15% year-to-date (YTD) with +$115M in YTD flows. SQQQ performs worse with -42.71% YTD performance, and +$928M in YTD flows. Run a side-by-side ETF comparison of SPXS and SQQQ 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 SQQQ 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 SQQQ | +0.88%+10.20% | -8.90%-13.89% | -28.15%-42.71% | -26.73%-39.21% | -84.10%-91.96% | -84.89%-94.63% |
| Flows | SPXS SQQQ | -$23M-$585M | +$12M+$23M | +$115M+$928M | +$35M+$286M | +$500M+$5.07B | +$1.00B+$9.16B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPXS SQQQ | +33.15%+57.09% | +37.63%+59.82% | +44.61%+61.84% | +50.83%+69.76% |
| Max drawdown | SPXS SQQQ | -17.54%-34.74% | -46.32%-63.91% | -85.28%-93.34% | -90.82%-97.59% |
| Max drawdown duration | SPXS SQQQ | 89d89d | 210d210d | 1093d1096d | 1593d1593d |
Trading data
SPXS | SQQQ | |
Last sale 10/27/2026 at 1:30 PM | $24.27 | $36.93 |
| Previous close 10/26/2026 | $24.67 | $38.38 |
| 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 | SQQQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/27/2026 at 1:30 PM
Live
Closed
SPXS | SQQQ | |
|---|---|---|
| Last price | $24.27 | $36.93 |
| 1D performance | -1.62% | -3.78% |
| AuM | $323.90 M | $1.87 B |
| E/R | 1.04% | 0.99% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPXS and SQQQ
How have the SPXS and SQQQ ETFs performed in 2026?
As of October 26, 2026, SPXS is down -28.15% year-to-date (YTD), while SQQQ has lost -42.71%. That puts SPXS better performer ahead so far this year.
Which ETF is attracting more investor money: SPXS or SQQQ?
Year-to-date, the SPXS ETF saw +$115M in flows, compared to +$928M for SQQQ.
Which ETF is more volatile: SPXS or SQQQ?
Over the past year, SPXS had a volatility of 37.63%, while SQQQ experienced 59.82%.
Which ETF is bigger: SPXS or SQQQ?
As of October 26, 2026, SPXS holds $323.90 M in assets under management (AUM), while SQQQ manages $1.87 B.
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