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SPXS vs. UVXY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXS and UVXY is -0.58. 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. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bear 3X Shares (SPXS) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

SPXS:

-0.59

UVXY:

-0.11

Sortino Ratio

SPXS:

-0.60

UVXY:

0.94

Omega Ratio

SPXS:

0.92

UVXY:

1.12

Calmar Ratio

SPXS:

-0.35

UVXY:

-0.16

Martin Ratio

SPXS:

-1.32

UVXY:

-0.30

Ulcer Index

SPXS:

26.35%

UVXY:

54.47%

Daily Std Dev

SPXS:

58.27%

UVXY:

142.11%

Max Drawdown

SPXS:

-100.00%

UVXY:

-100.00%

Current Drawdown

SPXS:

-100.00%

UVXY:

-100.00%

Returns By Period

In the year-to-date period, SPXS achieves a -13.72% return, which is significantly lower than UVXY's 3.96% return. Over the past 10 years, SPXS has outperformed UVXY with an annualized return of -39.19%, while UVXY has yielded a comparatively lower -65.86% annualized return.


SPXS

YTD

-13.72%

1M

-30.79%

6M

-11.75%

1Y

-34.20%

3Y*

-38.67%

5Y*

-42.56%

10Y*

-39.19%

UVXY

YTD

3.96%

1M

-39.26%

6M

-1.96%

1Y

-14.93%

3Y*

-70.03%

5Y*

-73.92%

10Y*

-65.86%

*Annualized

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SPXS vs. UVXY - Expense Ratio Comparison

SPXS has a 1.08% expense ratio, which is higher than UVXY's 0.95% expense ratio.


Risk-Adjusted Performance

SPXS vs. UVXY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPXS
The Risk-Adjusted Performance Rank of SPXS is 33
Overall Rank
The Sharpe Ratio Rank of SPXS is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXS is 44
Sortino Ratio Rank
The Omega Ratio Rank of SPXS is 33
Omega Ratio Rank
The Calmar Ratio Rank of SPXS is 44
Calmar Ratio Rank
The Martin Ratio Rank of SPXS is 22
Martin Ratio Rank

UVXY
The Risk-Adjusted Performance Rank of UVXY is 2929
Overall Rank
The Sharpe Ratio Rank of UVXY is 1313
Sharpe Ratio Rank
The Sortino Ratio Rank of UVXY is 5757
Sortino Ratio Rank
The Omega Ratio Rank of UVXY is 5252
Omega Ratio Rank
The Calmar Ratio Rank of UVXY is 99
Calmar Ratio Rank
The Martin Ratio Rank of UVXY is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXS vs. UVXY - 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 Ultra VIX Short-Term Futures ETF (UVXY). 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.


The current SPXS Sharpe Ratio is -0.59, which is lower than the UVXY Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of SPXS and UVXY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

SPXS vs. UVXY - Dividend Comparison

SPXS's dividend yield for the trailing twelve months is around 6.26%, while UVXY has not paid dividends to shareholders.


TTM2024202320222021202020192018
SPXS
Direxion Daily S&P 500 Bear 3X Shares
6.26%6.18%5.66%0.00%0.00%0.51%1.74%0.58%
UVXY
ProShares Ultra VIX Short-Term Futures ETF
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

SPXS vs. UVXY - Drawdown Comparison

The maximum SPXS drawdown since its inception was -100.00%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SPXS and UVXY. For additional features, visit the drawdowns tool.


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Volatility

SPXS vs. UVXY - Volatility Comparison

The current volatility for Direxion Daily S&P 500 Bear 3X Shares (SPXS) is 14.57%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 26.74%. This indicates that SPXS experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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