CSCS vs. SPXU
CSCS (Direxion Daily CSCO Bear 1X Shares) and SPXU (ProShares UltraPro Short S&P500) are both exchange-traded funds - CSCS is a Inverse Equities fund managed by Direxion, while SPXU is a S&P 500 fund tracking the S&P 500 Index (-300%). Over the past year, CSCS returned -46.14% vs -42.51% for SPXU. At a 0.41 correlation, their price movements are largely independent. CSCS charges 1.00%/yr vs 0.90%/yr for SPXU.
Performance
CSCS vs. SPXU - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -39.33% return, which is significantly lower than SPXU's -20.80% return.
CSCS
- 1D
- 0.93%
- 1M
- 0.03%
- YTD
- -39.33%
- 6M
- -38.37%
- 1Y
- -46.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXU
- 1D
- -0.76%
- 1M
- 3.14%
- YTD
- -20.80%
- 6M
- -17.65%
- 1Y
- -42.51%
- 3Y*
- -41.00%
- 5Y*
- -33.50%
- 10Y*
- -42.03%
CSCS vs. SPXU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -39.33% | -11.22% |
SPXU ProShares UltraPro Short S&P500 | -20.80% | -27.42% |
Correlation
The correlation between CSCS and SPXU is 0.41, 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 25, 2025 | 0.41 |
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Return for Risk
CSCS vs. SPXU — Risk / Return Rank
CSCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPXU
CSCS vs. SPXU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) and ProShares UltraPro Short S&P500 (SPXU). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CSCS | SPXU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.80 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.91 | — |
| Martin ratioReturn relative to average drawdown | — | -1.56 | — |
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Drawdowns
CSCS vs. SPXU - Drawdown Comparison
The maximum CSCS drawdown since its inception was -51.58%, smaller than the maximum SPXU drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for CSCS and SPXU.
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Drawdown Indicators
| CSCS | SPXU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -99.99% | +48.41% |
Max Drawdown (1Y)Largest decline over 1 year | -51.58% | -47.04% | -4.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -84.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.63% | — |
Current DrawdownCurrent decline from peak | -47.68% | -99.99% | +52.31% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -93.34% | +77.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.42% | — |
Volatility
CSCS vs. SPXU - Volatility Comparison
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Volatility by Period
| CSCS | SPXU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 37.24% | -6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.11% | 50.62% | -19.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.11% | 53.42% | -22.31% |
CSCS vs. SPXU - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is higher than SPXU's 0.90% expense ratio.
Dividends
CSCS vs. SPXU - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.70%, less than SPXU's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.70% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXU ProShares UltraPro Short S&P500 | 7.41% | 7.02% | 9.53% | 7.06% | 0.39% | 0.00% | 0.70% | 2.14% | 1.41% | 0.10% |
Frequently Asked Questions
CSCS and SPXU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, SPXU leads with -42.51% vs -46.14% for CSCS. On fees, SPXU is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPXU has performed better with a -42.51% return vs -46.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPXU is cheaper with a 0.90% expense ratio, compared with 1.00% for CSCS.
SPXU has the higher dividend yield at 7.41%, compared with 4.70% for CSCS.
CSCS is categorized as Inverse Equities, while SPXU is S&P 500. They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.00% for CSCS and 0.90% for SPXU.
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