(SPXS) Direxion Daily SP500 Bear - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (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 a leveraged inverse ETF designed to provide daily investment results, before fees and expenses, of 300% the opposite performance of the S&P 500 Index. To achieve this objective, the fund invests at least 80% of its assets in financial derivatives, including swap agreements, futures contracts, and short positions.
Inverse ETFs utilize derivatives as a form of institutional hedging or speculation, allowing traders to profit from declining market prices without manually shorting individual stocks. Because these funds reset daily, their long-term performance can deviate significantly from the underlying index due to the effects of compounding and volatility decay. For a deeper look into how these mechanics impact long-term holdings, consider reviewing the detailed metrics on ValueRay.
- S&P 500 index declines drive inverse daily price appreciation
- High interest rates increase swap costs and reduce net returns
- Positive equity market momentum accelerates compounding losses via daily rebalancing
- Volatility spikes increase tracking error and erode long term fund value
- Bullish economic data triggers liquidation of leveraged short positions
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.