CSCL vs. SPXS
CSCL (Direxion Daily CSCO Bull 2X Shares) and SPXS (Direxion Daily S&P 500 Bear 3X Shares) are both exchange-traded funds - CSCL is a Leveraged Equities fund managed by Direxion, while SPXS is a Inverse Equities fund tracking the S&P 500 Index (-300%). At a correlation of -0.40, they often move in opposite directions. CSCL charges 1.07%/yr vs 1.08%/yr for SPXS.
Performance
CSCL vs. SPXS - Performance Comparison
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Returns By Period
In the year-to-date period, CSCL achieves a 160.53% return, which is significantly higher than SPXS's -26.34% return.
CSCL
- 1D
- 5.31%
- 1M
- 84.09%
- YTD
- 160.53%
- 6M
- 153.22%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXS
- 1D
- -1.15%
- 1M
- -12.09%
- YTD
- -26.34%
- 6M
- -25.57%
- 1Y
- -49.42%
- 3Y*
- -43.02%
- 5Y*
- -34.91%
- 10Y*
- -41.99%
CSCL vs. SPXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCL Direxion Daily CSCO Bull 2X Shares | 160.53% | 20.48% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | -26.34% | -27.09% |
Correlation
The correlation between CSCL and SPXS is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | -0.40 |
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Return for Risk
CSCL vs. SPXS — Risk / Return Rank
CSCL
SPXS
CSCL vs. SPXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bull 2X Shares (CSCL) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CSCL | SPXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.40 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.89 | -0.84 | +4.73 |
Drawdowns
CSCL vs. SPXS - Drawdown Comparison
The maximum CSCL drawdown since its inception was -27.15%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CSCL and SPXS.
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Drawdown Indicators
| CSCL | SPXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.15% | -100.00% | +72.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -100.00% | +100.00% |
Average DrawdownAverage peak-to-trough decline | -8.49% | -96.30% | +87.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.20% | — |
Volatility
CSCL vs. SPXS - Volatility Comparison
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Volatility by Period
| CSCL | SPXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.36% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.12% | 35.52% | +25.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.12% | 50.38% | +10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.12% | 53.53% | +7.59% |
CSCL vs. SPXS - Expense Ratio Comparison
CSCL has a 1.07% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Dividends
CSCL vs. SPXS - Dividend Comparison
CSCL's dividend yield for the trailing twelve months is around 0.74%, less than SPXS's 4.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CSCL Direxion Daily CSCO Bull 2X Shares | 0.74% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 4.97% | 4.93% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Frequently Asked Questions
CSCL and SPXS have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSCL is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSCL is cheaper with a 1.07% expense ratio, compared with 1.08% for SPXS.
SPXS has the higher dividend yield at 4.97%, compared with 0.74% for CSCL.
CSCL is categorized as Leveraged Equities, while SPXS is Inverse Equities. Their fees differ too: 1.07% for CSCL and 1.08% for SPXS.
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