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 48 ETFs in the Inverse Equities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily S&P 500 Bear 1x Shares | 0.50% | 213.79M | Jun 2016 | SPXS vs SPDN | |
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 27.70M | Mar 2024 | SPXS vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | SPXS vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 56.18M | Nov 2021 | SPXS vs SARK | |
| ProShares Short S&P500 | 0.90% | 981.01M | Jun 2006 | SPXS vs SH |
Best Risk-Adjusted Alternatives to SPXS
SPXS has a PortfoliosLab risk / return rank of 1. There are 48 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 35.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 35 | 5.31M | Oct 2024 | SPXS vs NFXS | |
| Volatility Shares -1x Short VIX Futures ETF | 26 | 215.09M | Mar 2022 | SPXS vs SVIX | |
| T-REX 2X Inverse MSTR Daily Target ETF | 26 | 118.12M | Sep 2024 | SPXS vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | 24 | 30.99M | Aug 2024 | SPXS vs SMST | |
| Direxion Daily BRKB Bear 1X Shares | 20 | 2.34M | Dec 2024 | SPXS vs BRKD |
Top Performing SPXS Alternatives (YTD)
SPXS is at -25.49% YTD. There are 46 ETFs in the Inverse Equities category with higher YTD returns, going as high as 13.84%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Short COIN Option Income Strategy ETF | 13.84% | 35.89M | Jul 2024 | SPXS vs FIAT | |
| Direxion Daily PLTR Bear 1X Shares | 13.23% | 40.54M | Dec 2024 | SPXS vs PLTD | |
| Direxion Daily NFLX Bear 1X Shares | 11.23% | 5.31M | Oct 2024 | SPXS vs NFXS | |
| Direxion Daily MSFT Bear 1X Shares | 10.43% | 13.89M | Sep 2022 | SPXS vs MSFD | |
| ProShares Short Financials | 8.89% | 15.40M | Jun 2008 | SPXS vs SEF |
Lowest Volatility Alternatives to SPXS
SPXS has 35.54% 1-year volatility. There are 29 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 12.30M | Apr 2023 | SPXS vs ZIVB | |
| ProShares Short S&P500 | 11.80% | 981.01M | Jun 2006 | SPXS vs SH | |
| Direxion Daily S&P 500 Bear 1x Shares | 12.10% | 213.79M | Jun 2016 | SPXS vs SPDN | |
| ProShares Short Dow30 | 12.13% | 108.72M | Jun 2006 | SPXS vs DOG | |
| YieldMax Short N100 Option Income Strategy ETF | 12.51% | 13.26M | Aug 2024 | SPXS vs YQQQ |
Lowest Drawdown Alternatives to SPXS
SPXS has a 1-year max drawdown of -50.77%. There are 33 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | SPXS vs BRKD | |
| ProShares Short Financials | -9.72% | 15.40M | Jun 2008 | SPXS vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 63.43M | Jan 2011 | SPXS vs HDGE | |
| ProShares Decline of the Retail Store ETF | -14.00% | 3.01M | Nov 2017 | SPXS vs EMTY | |
| ProShares Short FTSE China 50 | -14.21% | 4.57M | Mar 2010 | SPXS vs YXI |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TMF and span 6 categories. AUM among these funds goes as high as $23B.
Often Compared With SPXS
Investors most often compare SPXS with SPXU, CSPX.L, SQQQ. These 19 comparison targets span 8 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