SPXB vs. SPXS
Compare and contrast key facts about ProShares S&P 500 Bond ETF (SPXB) and Direxion Daily S&P 500 Bear 3X Shares (SPXS).
SPXB and SPXS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXB is a passively managed fund by ProShares that tracks the performance of the S&P 500 MarketAxess Investment Grade Corporate Bond Index. It was launched on May 1, 2018. 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 SPXB 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: SPXB or SPXS.
Key characteristics
| SPXB | SPXS |
|---|
Correlation
The correlation between SPXB and SPXS is -0.20. 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
SPXB vs. SPXS - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPXB vs. SPXS - Expense Ratio Comparison
SPXB has a 0.15% expense ratio, which is lower than SPXS's 1.08% expense ratio.
Risk-Adjusted Performance
SPXB vs. SPXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) 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
SPXB vs. SPXS - Dividend Comparison
SPXB has not paid dividends to shareholders, while SPXS's dividend yield for the trailing twelve months is around 7.21%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SPXB ProShares S&P 500 Bond ETF | 2.02% | 4.05% | 3.14% | 2.00% | 2.64% | 3.48% | 2.52% |
SPXS Direxion Daily S&P 500 Bear 3X Shares | 7.21% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
Drawdowns
SPXB vs. SPXS - Drawdown Comparison
Volatility
SPXB vs. SPXS - Volatility Comparison
The current volatility for ProShares S&P 500 Bond ETF (SPXB) is 0.00%, while Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a volatility of 11.95%. This indicates that SPXB 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.