CSPX.L vs. SPXS
Compare and contrast key facts about iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and Direxion Daily S&P 500 Bear 3X Shares (SPXS).
CSPX.L and SPXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010. SPXS is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (-300%). It was launched on Nov 5, 2008. Both CSPX.L and SPXS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSPX.L or SPXS.
Key characteristics
| CSPX.L | SPXS | |
|---|---|---|
| YTD Return | 6.14% | -14.33% |
| 1Y Return | 24.27% | -41.56% |
| 3Y Return (Ann) | 8.03% | -27.29% |
| 5Y Return (Ann) | 13.12% | -44.11% |
| 10Y Return (Ann) | 12.19% | -39.32% |
| Sharpe Ratio | 2.14 | -1.19 |
| Daily Std Dev | 11.30% | 35.06% |
| Max Drawdown | -33.90% | -99.99% |
| Current Drawdown | -3.63% | -99.99% |
Correlation
The correlation between CSPX.L and SPXS is -0.49. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CSPX.L vs. SPXS - Performance Comparison
In the year-to-date period, CSPX.L achieves a 6.14% return, which is significantly higher than SPXS's -14.33% return. Over the past 10 years, CSPX.L has outperformed SPXS with an annualized return of 12.19%, while SPXS has yielded a comparatively lower -39.32% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CSPX.L vs. SPXS - Expense Ratio Comparison
CSPX.L has a 0.07% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Risk-Adjusted Performance
CSPX.L vs. SPXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) 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.
Dividends
CSPX.L vs. SPXS - Dividend Comparison
CSPX.L has not paid dividends to shareholders, while SPXS's dividend yield for the trailing twelve months is around 5.72%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 5.72% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Drawdowns
CSPX.L vs. SPXS - Drawdown Comparison
The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum SPXS drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for CSPX.L and SPXS. For additional features, visit the drawdowns tool.
Volatility
CSPX.L vs. SPXS - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) is 3.26%, while Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a volatility of 10.53%. This indicates that CSPX.L experiences smaller price fluctuations and is considered to be less risky than SPXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.