LINT vs. SPXS
LINT (Direxion Daily INTC Bull 2X Shares) and SPXS (Direxion Daily S&P 500 Bear 3X Shares) are both exchange-traded funds - LINT is a Leveraged Equities fund actively managed by Direxion, while SPXS is a Inverse Equities fund tracking the S&P 500 Index (-300%). LINT is actively managed, while SPXS is passively managed. At a correlation of -0.45, they often move in opposite directions. LINT charges 0.97%/yr vs 1.08%/yr for SPXS.
Performance
LINT vs. SPXS - Performance Comparison
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Returns By Period
In the year-to-date period, LINT achieves a 743.89% return, which is significantly higher than SPXS's -19.82% return.
LINT
- 1D
- -0.31%
- 1M
- 11.85%
- YTD
- 743.89%
- 6M
- 776.05%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXS
- 1D
- 0.29%
- 1M
- 4.33%
- YTD
- -19.82%
- 6M
- -16.62%
- 1Y
- -41.66%
- 3Y*
- -40.44%
- 5Y*
- -33.23%
- 10Y*
- -42.02%
LINT vs. SPXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LINT Direxion Daily INTC Bull 2X Shares | 743.89% | 5.81% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | -19.82% | -9.13% |
Correlation
The correlation between LINT and SPXS is -0.45, 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 Nov 19, 2025 | -0.45 |
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Return for Risk
LINT vs. SPXS — Risk / Return Rank
LINT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPXS
LINT vs. SPXS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily INTC Bull 2X Shares (LINT) 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.
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.
| LINT | SPXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.89 | — |
| Martin ratioReturn relative to average drawdown | — | -1.54 | — |
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Drawdowns
LINT vs. SPXS - Drawdown Comparison
The maximum LINT drawdown since its inception was -49.54%, smaller than the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for LINT and SPXS.
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Drawdown Indicators
| LINT | SPXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.54% | -100.00% | +50.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -46.84% | — |
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 | -12.96% | -100.00% | +87.04% |
Average DrawdownAverage peak-to-trough decline | -20.43% | -96.29% | +75.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.25% | — |
Volatility
LINT vs. SPXS - Volatility Comparison
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Volatility by Period
| LINT | SPXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.40% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 168.25% | 37.36% | +130.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 168.25% | 50.69% | +117.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 168.25% | 53.58% | +114.67% |
LINT vs. SPXS - Expense Ratio Comparison
LINT has a 0.97% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Dividends
LINT vs. SPXS - Dividend Comparison
LINT's dividend yield for the trailing twelve months is around 0.32%, less than SPXS's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
LINT Direxion Daily INTC Bull 2X Shares | 0.32% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 4.24% | 4.93% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Frequently Asked Questions
LINT and SPXS have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LINT is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LINT is cheaper with a 0.97% expense ratio, compared with 1.08% for SPXS.
SPXS has the higher dividend yield at 4.24%, compared with 0.32% for LINT.
LINT is categorized as Leveraged Equities, while SPXS is Inverse Equities. Their fees differ too: 0.97% for LINT and 1.08% for SPXS.
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