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
ISIN | US25460E8856 |
---|---|
CUSIP | 25460E885 |
Issuer | Direxion |
Inception Date | Nov 5, 2008 |
Region | North America (U.S.) |
Category | Leveraged Equities, Leveraged |
Leveraged | 3x |
Index Tracked | S&P 500 Index (-300%) |
Home Page | www.direxion.com |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
SPXS has a high expense ratio of 1.08%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P 500 Bear 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Direxion Daily S&P 500 Bear 3X Shares had a return of -16.35% year-to-date (YTD) and -41.46% in the last 12 months. Over the past 10 years, Direxion Daily S&P 500 Bear 3X Shares had an annualized return of -39.30%, while the S&P 500 had an annualized return of 10.55%, indicating that Direxion Daily S&P 500 Bear 3X Shares did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -16.35% | 7.26% |
1 month | 9.05% | -2.63% |
6 months | -43.54% | 22.78% |
1 year | -41.46% | 22.71% |
5 years (annualized) | -44.40% | 11.87% |
10 years (annualized) | -39.30% | 10.55% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -3.64% | -13.30% | -8.19% | |||||||||
2023 | 7.35% | -22.31% | -11.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPXS is 1, indicating that it is in the bottom 1% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Direxion Daily S&P 500 Bear 3X Shares(SPXS)
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.
Dividends
Dividend History
Direxion Daily S&P 500 Bear 3X Shares granted a 5.86% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
---|---|---|---|---|---|---|---|
Dividend | $0.56 | $0.65 | $0.00 | $0.00 | $0.20 | $2.30 | $1.79 |
Dividend yield | 5.86% | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.14 | |||||||||
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 |
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 |
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 |
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 |
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 |
2018 | $0.29 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $1.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 99.99%, occurring on Mar 27, 2024. The portfolio has not yet recovered.
The current Direxion Daily S&P 500 Bear 3X Shares drawdown is 99.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-99.99% | Nov 21, 2008 | 3861 | Mar 27, 2024 | — | — | — |
-99.91% | Nov 6, 2008 | 2 | Nov 7, 2008 | 8 | Nov 19, 2008 | 10 |
Volatility
Volatility Chart
The current Direxion Daily S&P 500 Bear 3X Shares volatility is 10.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.