Direxion FundsInverse EquitySPXS · NYSE Arca

Direxion Daily S&P 500 Bear 3X ETF (SPXS)

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Price: $25.05; —11 Sept 2026
Assets: $339.1M; Total net assets
Expense ratio: 1.04%; Category 0.00%
Yield: 4.79%; Trailing distributions

1Y return: -35.1%-1.8%; Category -33.3%
3Y CAGR: -41.1%-6.9%; Category -34.2%
5Y CAGR: -32.8%-7.0%; Category -25.8%

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Direxion Daily S&P 500 Bear 3X ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+4.2%	-7.9%	-34.9%	-28.1%	-35.1%	-41.1%	-32.8%	-41.7%	-45.1%
Inverse Equity average	-2.0%	-14.2%	-35.6%	-33.6%	-33.3%	-34.2%	-25.8%	-30.0%	-42.1%
Difference	+6.2%	+6.3%	+0.7%	+5.6%	-1.8%	-6.9%	-7.0%	-11.8%	-3.0%

Holdings

This ETF publishes no holdings breakdown.

ETF details

Issuer: Direxion Funds
Category: Equity · Inverse Equity
Ticker: SPXS
Exchange: NYSE Arca
Inception: 5 Nov 2008 (17.8 years)
Structure: Exchange Traded Fund
Expense ratio: 1.04% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 4.79%
Beta, 3 years: -2.75
Total net assets: $339.1M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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