SPXS vs. CSPX.L
Compare and contrast key facts about Direxion Daily S&P 500 Bear 3X Shares (SPXS) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
SPXS and CSPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both SPXS and CSPX.L 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: SPXS or CSPX.L.
Key characteristics
| SPXS | CSPX.L | |
|---|---|---|
| YTD Return | -42.94% | 24.07% |
| 1Y Return | -51.19% | 32.49% |
| 3Y Return (Ann) | -26.90% | 9.09% |
| 5Y Return (Ann) | -45.88% | 15.04% |
| 10Y Return (Ann) | -39.54% | 12.78% |
| Sharpe Ratio | -1.41 | 2.77 |
| Sortino Ratio | -2.43 | 3.83 |
| Omega Ratio | 0.74 | 1.52 |
| Calmar Ratio | -0.51 | 4.18 |
| Martin Ratio | -1.45 | 17.93 |
| Ulcer Index | 35.29% | 1.79% |
| Daily Std Dev | 36.31% | 11.51% |
| Max Drawdown | -100.00% | -33.90% |
| Current Drawdown | -100.00% | -2.13% |
Correlation
The correlation between SPXS and CSPX.L is -0.50. 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
SPXS vs. CSPX.L - Performance Comparison
In the year-to-date period, SPXS achieves a -42.94% return, which is significantly lower than CSPX.L's 24.07% return. Over the past 10 years, SPXS has underperformed CSPX.L with an annualized return of -39.54%, while CSPX.L has yielded a comparatively higher 12.78% annualized return. 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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SPXS vs. CSPX.L - Expense Ratio Comparison
SPXS has a 1.08% expense ratio, which is higher than CSPX.L's 0.07% expense ratio.
Risk-Adjusted Performance
SPXS vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bear 3X Shares (SPXS) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L). 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
SPXS vs. CSPX.L - Dividend Comparison
SPXS's dividend yield for the trailing twelve months is around 6.99%, while CSPX.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | 6.99% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
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% |
Drawdowns
SPXS vs. CSPX.L - Drawdown Comparison
The maximum SPXS drawdown since its inception was -100.00%, which is greater than CSPX.L's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for SPXS and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
SPXS vs. CSPX.L - Volatility Comparison
Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a higher volatility of 12.41% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 4.10%. This indicates that SPXS's price experiences larger fluctuations and is considered to be riskier than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.