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Direxion Daily S&P 500 Bear 3X Shares
SPXS performance and flow charts
Performance
Flows
Historic performance and flows
Data as of May 22, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -12.55% | -23.79% | -23.15% | -50.48% | -81.74% | -88.10% |
| Flows | +$2M | +$118M | +$142M | +$220M | +$171M | +$1.16B |
Characteristics
The Direxion Daily S&P 500 Bear 3X Shares is built to track the S&P 500 Total Return Index - USD. This ETF provides synthetic exposure - by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap. This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Inverse |
| Provider | Direxion |
| N° of holdings | |
| Replication method | Indirect |
| Asset class | Equity |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | November 5, 2008 |
| ESG | No |
More data and info about SPXS on Trackinsight
SPXS's exposure
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +43.24% | +36.00% | +44.60% | +50.63% |
Max drawdown | -38.99% | -51.54% | -83.27% | -89.57% |
Max drawdown duration | 53d | 361d | 936d | 1436d |
Time to recover | N/A | N/A | N/A | N/A |
Replication quality
Data as of May 26, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is SPXS?
SPXS is a Passive ETF that provides exposure to Equity assets. It is managed by Direxion.
What index does SPXS track?
SPXS tracks the S&P 500 Total Return Index - USD, aiming to replicate its performance through unfunded swap.
What does SPXS invest in?
This ETF provides inverse exposure (-3x) to Large Cap US Equities. It is part of the segment: Inverse Equity.
What is the expense ratio of SPXS?
The total expense ratio (TER) of SPXS is 1.02%, representing the annual fee charged by the fund manager.
When was SPXS launched?
SPXS was launched on November 5, 2008, marking its entry into the ETF market.
Who is the issuer of SPXS?
SPXS is issued by Direxion.
What is the AUM of SPXS?
As of May 22, 2026, SPXS manages $381.46 M, reflecting the total assets held in the fund.
How has SPXS performed recently?
As of May 22, 2026, SPXS delivered a return of -12.55% over the past month (1M performance), -23.79% over the past three months (3M), and -23.15% year-to-date (YTD).
What are the recent fund flows for SPXS?
As of May 22, 2026, SPXS has seen net flows of +$2M in the past month (1M flow) and +$142M year-to-date (YTD).
Does SPXS pay dividends?
As of May 22, 2026, SPXS has a trailing 12-month distribution yield of 4.77%.
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