SPXS vs. VADGX
SPXS (Direxion Daily S&P 500 Bear 3X Shares) and VADGX (Vanguard Advice Select Dividend Growth Fund) are both funds - SPXS is a Inverse Equities fund tracking the S&P 500 Index (-300%), while VADGX is a Large Cap Blend Equities fund actively managed by Vanguard. SPXS is passively managed, while VADGX is actively managed. Over the past 3 years, SPXS returned -41.71%/yr vs 10.20%/yr for VADGX. Their -0.79 correlation means they have often moved in opposite directions in the past. SPXS charges 1.08%/yr vs 0.36%/yr for VADGX.
Performance
SPXS vs. VADGX - Performance Comparison
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Returns By Period
In the year-to-date period, SPXS achieves a -30.39% return, which is significantly lower than VADGX's 5.59% return.
SPXS
- 1D
- 0.66%
- 1M
- -6.84%
- 6M
- -29.64%
- YTD
- -30.39%
- 1Y
- -44.53%
- 3Y*
- -41.71%
- 5Y*
- -33.55%
- 10Y*
- -41.54%
- ALL TIME*
- -44.94%
VADGX
- 1D
- 1.42%
- 1M
- 1.64%
- 6M
- 4.72%
- YTD
- 5.59%
- 1Y
- 11.15%
- 3Y*
- 10.20%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $344.98M | $288.31M | $338.49M | |
| $0.00 | $0.00 | $0.00 |
SPXS vs. VADGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | -30.39% | -41.53% | -42.84% | -45.97% | 36.14% | -7.04% |
VADGX Vanguard Advice Select Dividend Growth Fund | 5.59% | 8.52% | 10.69% | 10.42% | -3.88% | 3.62% |
Correlation
The correlation between SPXS and VADGX is -0.69, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.69 |
Correlation (3Y) Balances recent behavior with more history. | -0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021 | -0.79 |
The correlation between SPXS and VADGX has been stable across timeframes, ranging from -0.79 to -0.69 - a consistent structural relationship.
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Return for Risk
SPXS vs. VADGX — Risk / Return Rank
SPXS
VADGX
SPXS vs. VADGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bear 3X Shares (SPXS) and Vanguard Advice Select Dividend Growth Fund (VADGX). 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.
| SPXS | VADGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.18 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 0.96 | -1.95 |
| Martin ratioReturn relative to average drawdown | -1.80 | 3.48 | -5.28 |
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Drawdowns
SPXS vs. VADGX - Drawdown Comparison
The maximum SPXS drawdown since its inception was -100.00%, which is greater than VADGX's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for SPXS and VADGX.
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Drawdown Indicators
| SPXS | VADGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -15.75% | -84.25% |
Max Drawdown (1Y)Largest decline over 1 year | -45.14% | -11.07% | -34.07% |
Max Drawdown (3Y)Largest decline over 3 years | -84.95% | -14.73% | -70.22% |
Max Drawdown (5Y)Largest decline over 5 years | -90.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.58% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | 0.00% | -100.00% |
Average DrawdownAverage peak-to-trough decline | -96.32% | -3.39% | -92.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.32% | 3.05% | +22.27% |
Volatility
SPXS vs. VADGX - Volatility Comparison
Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a higher volatility of 12.42% compared to Vanguard Advice Select Dividend Growth Fund (VADGX) at 3.20%. This indicates that SPXS's price experiences larger fluctuations and is considered to be riskier than VADGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXS | VADGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.42% | 3.20% | +9.22% |
Volatility (6M)Calculated over the trailing 6-month period | 31.05% | 8.32% | +22.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.62% | 10.60% | +28.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.86% | 13.55% | +37.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.62% | 13.55% | +40.07% |
SPXS vs. VADGX - Expense Ratio Comparison
SPXS has a 1.08% expense ratio, which is higher than VADGX's 0.36% expense ratio.
Dividends
SPXS vs. VADGX - Dividend Comparison
SPXS's dividend yield for the trailing twelve months is around 4.88%, more than VADGX's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPXS Direxion Daily S&P 500 Bear 3X Shares | 4.88% | 4.93% | 6.18% | 5.66% | 0.00% | 0.00% | 0.51% | 1.74% | 0.58% |
VADGX Vanguard Advice Select Dividend Growth Fund | 1.01% | 1.04% | 1.98% | 1.25% | 0.84% | 0.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPXS and VADGX have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXS has higher volatility (12.42%) compared to VADGX (3.20%). In terms of maximum drawdown, SPXS dropped -100.00% vs VADGX's -15.75%.
VADGX currently has the higher Sharpe Ratio (1.01 vs -1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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