SPXS vs. SDS
Compare and contrast key facts about Direxion Daily S&P 500 Bear 3X Shares (SPXS) and ProShares UltraShort S&P500 (SDS).
SPXS and SDS 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. SDS is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-200%). It was launched on Jul 11, 2006. Both SPXS and SDS 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 SDS.
Correlation
The correlation between SPXS and SDS is -1.00. 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. SDS - Performance Comparison
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Key characteristics
SPXS:
32.04%
SDS:
21.22%
SPXS:
-3.12%
SDS:
-2.05%
SPXS:
-2.66%
SDS:
-1.76%
Returns By Period
SPXS
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SDS
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SPXS vs. SDS - Expense Ratio Comparison
SPXS has a 1.08% expense ratio, which is higher than SDS's 0.91% expense ratio.
Risk-Adjusted Performance
SPXS vs. SDS — Risk-Adjusted Performance Rank
SPXS
SDS
SPXS vs. SDS - 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 ProShares UltraShort S&P500 (SDS). 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.
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Dividends
SPXS vs. SDS - Dividend Comparison
SPXS's dividend yield for the trailing twelve months is around 5.38%, less than SDS's 7.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | 5.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDS ProShares UltraShort S&P500 | 7.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SPXS vs. SDS - Drawdown Comparison
The maximum SPXS drawdown since its inception was -3.12%, which is greater than SDS's maximum drawdown of -2.05%. Use the drawdown chart below to compare losses from any high point for SPXS and SDS. For additional features, visit the drawdowns tool.
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Volatility
SPXS vs. SDS - Volatility Comparison
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