(SPXS) Direxion Daily SP500 Bear - Overview
Etf: Inverse ETF, 3X Leveraged, Daily Rebalanced, S&P 500
Dividends
| Dividend Yield | 3.50% |
| Yield on Cost 5y | 0.12% |
| Yield CAGR 5y | -26.95% |
| Payout Consistency | 45.3% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 45.6% |
| Relative Tail Risk | -13.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.64 |
| Alpha | -9.43 |
| Character TTM | |
|---|---|
| Beta | -2.861 |
| Beta Downside | -2.869 |
| Drawdowns 3y | |
|---|---|
| Max DD | 82.50% |
| CAGR/Max DD | -0.49 |
Description: SPXS Direxion Daily SP500 Bear December 28, 2025
The Direxion Daily S&P 500® Bear 3X Shares (SPXS) seeks to deliver three times the inverse (opposite) daily return of the S&P 500 Index by investing at least 80 % of its net assets-plus any borrowing-into swaps, futures, or short positions on the index or related ETFs. Because it employs leverage and daily rebalancing, the fund is classified as non-diversified and is intended for short-term tactical use rather than long-term holding.
Key operational metrics: the fund’s expense ratio is roughly 0.95 % annually, and its 3-day beta to the S&P 500 is about –3.0, confirming the intended leverage. Performance diverges from a simple 3× inverse over periods longer than one day due to compounding, especially in volatile markets where the CBOE Volatility Index (VIX) spikes can erode returns. The fund’s sector exposure mirrors the S&P 500’s composition, with overweight short positions in Information Technology and Communication Services, making it sensitive to earnings cycles in those sectors.
For a deeper quantitative breakdown and scenario analysis, you might explore the fund’s data on ValueRay to see how its leveraged inverse exposure behaves across different market regimes.
What is the price of SPXS shares?
Over the past week, the price has changed by +1.99%, over one month by -0.09%, over three months by -3.14% and over the past year by -38.24%.
Is SPXS a buy, sell or hold?
What are the forecasts/targets for the SPXS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 21.7 | -36.9% |
SPXS Fundamental Data Overview February 04, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 307.9m USD (307.9m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 307.9m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 307.9m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = -4.63% (negative - check inputs) (E(307.9m)/V(307.9m) * Re(-4.63%) + (debt-free company))
Discount Rate = 9.60% (= Risk Free + ERP)
Fair Price DCF = unknown (Cash Flow 0.0)