Direxion Daily S&P 500 Bear 3X Shares (SPXS)
SPXS is a passive ETF by Direxion tracking the investment results of the S&P 500 Index (-300%). SPXS launched on Nov 5, 2008 and has a 1.08% expense ratio.
ETF Info
US25460E8856
25460E885
Nov 5, 2008
North America (U.S.)
3x
S&P 500 Index (-300%)
Large-Cap
Blend
Expense Ratio
SPXS has a high expense ratio of 1.08%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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Returns By Period
Direxion Daily S&P 500 Bear 3X Shares (SPXS) returned -11.46% year-to-date (YTD) and -34.85% over the past 12 months. Over the past 10 years, SPXS returned -39.15% annually, underperforming the S&P 500 benchmark at 10.78%.
SPXS
-11.46%
-23.64%
-5.95%
-34.85%
-43.52%
-39.15%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
Monthly Returns
The table below presents the monthly returns of SPXS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -7.17% | 4.80% | 18.02% | -7.72% | -16.44% | -11.46% | |||||||
| 2024 | -3.64% | -13.30% | -8.19% | 14.09% | -12.45% | -8.64% | -2.67% | -6.81% | -5.44% | 3.61% | -15.24% | 8.41% | -42.84% |
| 2023 | -16.91% | 8.20% | -10.64% | -3.90% | -0.76% | -16.33% | -8.08% | 6.15% | 17.00% | 7.35% | -22.31% | -11.47% | -45.97% |
| 2022 | 15.75% | 6.80% | -13.04% | 27.94% | -4.93% | 24.46% | -24.31% | 11.84% | 30.88% | -23.32% | -17.31% | 19.06% | 36.14% |
| 2021 | 1.82% | -8.64% | -13.83% | -14.93% | -2.96% | -6.84% | -7.68% | -8.81% | 14.24% | -19.02% | 1.39% | -13.93% | -58.11% |
| 2020 | 0.00% | 25.51% | -4.08% | -36.20% | -15.24% | -9.40% | -16.52% | -18.71% | 8.68% | 5.73% | -27.91% | -10.93% | -70.47% |
| 2019 | -21.18% | -8.69% | -5.59% | -10.69% | 21.26% | -18.30% | -3.92% | 3.28% | -5.66% | -6.41% | -9.91% | -8.11% | -56.40% |
| 2018 | -15.09% | 9.08% | 6.27% | -1.87% | -6.85% | -1.71% | -10.05% | -8.78% | -1.20% | 21.11% | -6.44% | 27.32% | 3.44% |
| 2017 | -5.19% | -11.13% | -0.44% | -3.20% | -3.99% | -1.97% | -5.77% | -0.90% | -5.76% | -6.55% | -8.46% | -3.57% | -44.52% |
| 2016 | 13.53% | -1.04% | -18.83% | -1.75% | -5.61% | -2.66% | -10.55% | -0.40% | -1.05% | 5.29% | -10.83% | -6.33% | -36.17% |
| 2015 | 8.11% | -15.90% | 3.74% | -3.29% | -4.52% | 5.46% | -7.08% | 16.55% | 5.32% | -22.61% | -1.98% | 3.36% | -17.86% |
| 2014 | 10.42% | -13.28% | -3.24% | -3.12% | -6.91% | -6.48% | 3.51% | -11.50% | 3.78% | -8.51% | -8.15% | -0.68% | -37.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPXS is 3, meaning it’s performing worse than 97% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Direxion Daily S&P 500 Bear 3X Shares (SPXS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Direxion Daily S&P 500 Bear 3X Shares provided a 6.10% dividend yield over the last twelve months, with an annual payout of $0.34 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.39 | $0.65 | $0.00 | $0.00 | $0.20 | $2.30 | $1.79 |
Dividend yield | 6.10% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily S&P 500 Bear 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | |||||||
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.10 | $0.65 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.37 | $2.30 |
| 2018 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $1.02 | $1.79 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily S&P 500 Bear 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily S&P 500 Bear 3X Shares was 100.00%, occurring on Feb 19, 2025. The portfolio has not yet recovered.
The current Direxion Daily S&P 500 Bear 3X Shares drawdown is 100.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -100% | Nov 21, 2008 | 4085 | Feb 19, 2025 | — | — | — |
| -20.35% | Nov 13, 2008 | 1 | Nov 13, 2008 | 4 | Nov 19, 2008 | 5 |
| -7.49% | Nov 7, 2008 | 1 | Nov 7, 2008 | 2 | Nov 11, 2008 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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