Direxion Daily S&P 500 Bear 3X Shares (SPXS) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPXS. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPXS
SPXS charges 1.08% annually. There are 55 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.48%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1X ETF | 0.48% | 230.47M | Jun 2016 | SPXS vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 35.32M | Mar 2024 | SPXS vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | SPXS vs EMTY | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | SPXS vs SKRE | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | SPXS vs SARK |
Best Risk-Adjusted Alternatives to SPXS
SPXS has a PortfoliosLab risk / return rank of 1. There are 59 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 44.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 44 | 4.71M | Oct 2024 | SPXS vs NFXS | |
| T-REX 2X Inverse MSTR Daily Target ETF | 41 | 97.46M | Sep 2024 | SPXS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 36 | 28.39M | Aug 2024 | SPXS vs SMST | |
| -1x Short VIX Futures ETF | 32 | 195.06M | Mar 2022 | SPXS vs SVIX | |
| YieldMax Short COIN Option Income Strategy ETF | 29 | 36.86M | Jul 2024 | SPXS vs FIAT |
Top Performing SPXS Alternatives (YTD)
SPXS is at -30.39% YTD. There are 42 ETFs in the Inverse Equities category with higher YTD returns, going as high as 39.32%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 39.32% | 110.91M | Jul 2022 | SPXS vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 37.90% | 33.39M | Aug 2023 | SPXS vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 35.36% | 34.80M | Oct 2023 | SPXS vs TSLZ | |
| Direxion Daily TSLA Bear 1X ETF | 28.76% | 81.35M | Aug 2022 | SPXS vs TSLS | |
| YieldMax Short TSLA Option Income Strategy ETF | 23.73% | 17.13M | May 2024 | SPXS vs CRSH |
Lowest Volatility Alternatives to SPXS
SPXS has 38.62% 1-year volatility. There are 31 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 11.87%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 11.87% | 2.34M | Dec 2024 | SPXS vs BRKD | |
| ProShares Short Dow30 | 12.59% | 100.13M | Jun 2006 | SPXS vs DOG | |
| ProShares Short S&P500 | 12.79% | 927.71M | Jun 2006 | SPXS vs SH | |
| Direxion Daily S&P 500 Bear 1X ETF | 12.97% | 230.47M | Jun 2016 | SPXS vs SPDN | |
| Gotham Short Strategies ETF | 14.19% | 12.30M | Jul 2017 | SPXS vs SHRT |
Lowest Drawdown Alternatives to SPXS
SPXS has a 1-year max drawdown of -45.14%. There are 34 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -8.85%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -8.85% | 2.34M | Dec 2024 | SPXS vs BRKD | |
| ProShares Short FTSE China 50 | -13.55% | 4.55M | Mar 2010 | SPXS vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | SPXS vs EMTY | |
| ProShares Short Dow30 | -16.13% | 100.13M | Jun 2006 | SPXS vs DOG | |
| ProShares Short Financials | -16.57% | 13.16M | Jun 2008 | SPXS vs SEF |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $20B.
Often Compared With SPXS
Investors most often compare SPXS with SPXU, CSPX.L, SQQQ. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare SPXS with Any Fund or Stock
Compare SPXS with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPXS with funds that move differently
Direxion Daily S&P 500 Bear 3X Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPXS.
Explore SPXS Diversifiers