(SPXS) Direxion Daily SP500 Bear - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE (USA) | Market Cap: 377m USD | Total Return: -46.3% in 12m
Avg Turnover: 314M
Warnings
Overextended 3d
Tailwinds
No distinct edge detected
The Direxion Daily S&P 500 Bear 3X Shares (SPXS) is an inverse leveraged exchange-traded fund designed to provide 300% of the daily opposite performance of the S&P 500 Index. To achieve this objective, the fund invests at least 80% of its assets in financial derivatives, such as swap agreements and futures contracts, rather than direct equity holdings.
As an inverse ETF, SPXS functions as a tactical hedging or speculation tool rather than a long-term investment, as daily rebalancing leads to performance decay in volatile markets. This business model relies on the liquidity of the underlying index derivatives to maintain its leveraged short exposure. Investors can utilize ValueRay to further analyze the risks associated with leveraged decay and compounding.
The underlying index is float-adjusted and market capitalization-weighted, representing the performance of 500 leading publicly traded companies in the United States. Because the fund is classified as non-diversified, it may concentrate its derivative exposure more heavily than traditional mutual funds.
- S&P 500 price declines drive leveraged inverse returns
- High interest rates increase income on cash collateral holdings
- Daily rebalancing creates compounding decay in volatile sideways markets
- Bearish sentiment and hedging demand increase fund inflows and liquidity
As of June 07, 2026, the stock is trading at USD 27.92 with a total of 18,448,486 shares traded.
Over the past week, the price has changed by +7.67%,
over one month by -5.16%,
over three months by -21.63% and
over the past year by -46.34%.
Direxion Daily SP500 Bear has no consensus analysts rating.