CSCS vs. ELIS

Last updated Jun 4, 2026

CSCS (Direxion Daily CSCO Bear 1X Shares) and ELIS (Direxion Daily LLY Bear 1X Shares) are both Inverse Equities funds from Direxion. At a correlation of -0.02, they often move in opposite directions. CSCS charges 1.00%/yr vs 0.97%/yr for ELIS.

Performance

CSCS vs. ELIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily CSCO Bear 1X Shares (CSCS) and Direxion Daily LLY Bear 1X Shares (ELIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CSCS

• 1D: 1.10%
• 1M: -28.69%
• YTD: -42.32%
• 6M: -41.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSCS vs. ELIS - Yearly Performance Comparison

	2026 (YTD)	2025
CSCS Direxion Daily CSCO Bear 1X Shares	-42.32%	-11.22%
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-28.75%

Correlation

The correlation between CSCS and ELIS is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	-0.02

Return for Risk

CSCS vs. ELIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) and Direxion Daily LLY Bear 1X Shares (ELIS). 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.

Sharpe Ratios by Period

	CSCS	ELIS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.67	—	—

Drawdowns

Drawdown Indicators

	CSCS	ELIS	Difference
Max Drawdown Largest peak-to-trough decline	-50.80%	—	—
Current Drawdown Current decline from peak	-50.26%	—	—
Average Drawdown Average peak-to-trough decline	-13.70%	—	—

Volatility

Volatility by Period

	CSCS	ELIS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	30.62%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.62%	—	—

CSCS vs. ELIS - Expense Ratio Comparison

CSCS has a 1.00% expense ratio, which is higher than ELIS's 0.97% expense ratio.

Dividends

CSCS vs. ELIS - Dividend Comparison

CSCS's dividend yield for the trailing twelve months is around 4.02%, less than ELIS's 5.26% yield.

Position	TTM	2025
CSCS Direxion Daily CSCO Bear 1X Shares	4.02%	1.72%
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%

Frequently Asked Questions

Can I hold both CSCS and ELIS in my portfolio?

CSCS and ELIS have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSCS or ELIS?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSCS or ELIS?

ELIS is cheaper with a 0.97% expense ratio, compared with 1.00% for CSCS.

Which ETF pays a higher dividend yield, CSCS or ELIS?

ELIS has the higher dividend yield at 5.26%, compared with 4.02% for CSCS.

What is the main difference between CSCS and ELIS?

Their fees differ too: 1.00% for CSCS and 0.97% for ELIS.