CSCS vs. SHRT
CSCS (Direxion Daily CSCO Bear 1X Shares) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. At a 0.20 correlation, their price movements are largely independent. CSCS charges 1.00%/yr vs 1.35%/yr for SHRT.
Performance
CSCS vs. SHRT - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -43.85% return, which is significantly lower than SHRT's -17.15% return.
CSCS
- 1D
- -2.65%
- 1M
- -29.36%
- YTD
- -43.85%
- 6M
- -43.12%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 0.06%
- 1M
- -3.02%
- YTD
- -17.15%
- 6M
- -15.15%
- 1Y
- -21.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSCS vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -43.85% | -11.22% |
SHRT Gotham Short Strategies ETF | -17.15% | -5.75% |
Correlation
The correlation between CSCS and SHRT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.20 |
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Return for Risk
CSCS vs. SHRT — Risk / Return Rank
CSCS
SHRT
CSCS vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) and Gotham Short Strategies ETF (SHRT). 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
| CSCS | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.71 | -0.79 | -0.92 |
Drawdowns
CSCS vs. SHRT - Drawdown Comparison
The maximum CSCS drawdown since its inception was -51.58%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for CSCS and SHRT.
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Drawdown Indicators
| CSCS | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -25.98% | -25.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -51.58% | -25.70% | -25.88% |
Average DrawdownAverage peak-to-trough decline | -13.86% | -8.15% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.49% | — |
Volatility
CSCS vs. SHRT - Volatility Comparison
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Volatility by Period
| CSCS | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.66% | 13.04% | +17.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.66% | 12.77% | +17.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.66% | 12.77% | +17.89% |
CSCS vs. SHRT - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
CSCS vs. SHRT - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.13%, more than SHRT's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.13% | 1.72% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
CSCS and SHRT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSCS is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSCS is cheaper with a 1.00% expense ratio, compared with 1.35% for SHRT.
CSCS has the higher dividend yield at 4.13%, compared with 0.08% for SHRT.
They also come from different issuers: Direxion and Gotham. Their fees differ too: 1.00% for CSCS and 1.35% for SHRT.
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