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Direxion Daily S&P 500® Bear 3X Shares (SPXS)
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Upturn Advisory Summary
11/04/2025: SPXS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -28.88% | Avg. Invested days 26 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/04/2025 |
Key Highlights
Volume (30-day avg) - | Beta -2.91 | 52 Weeks Range 4.73 - 10.60 | Updated Date 06/29/2025 |
52 Weeks Range 4.73 - 10.60 | Updated Date 06/29/2025 |
Upturn AI SWOT
Direxion Daily S&P 500® Bear 3X Shares
ETF Overview
Overview
The Direxion Daily S&P 500u00ae Bear 3X Shares (SPXS) seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the S&P 500u00ae Index. It is designed for sophisticated investors who understand the risks associated with leveraged and inverse ETFs.
Reputation and Reliability
Direxion is a well-known provider of leveraged and inverse ETFs. While they are reputable, their products are generally considered high-risk.
Management Expertise
Direxion has a specialized team focused on managing leveraged and inverse ETFs, requiring significant expertise in derivatives and market timing.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the S&P 500u00ae Index.
Investment Approach and Strategy
Strategy: The ETF employs a derivatives-based strategy to achieve its inverse leverage. It uses instruments like swaps, futures contracts, and options.
Composition The ETF holds a mix of derivatives designed to replicate the inverse performance of the S&P 500, rather than physical stocks.
Market Position
Market Share: SPXS's market share fluctuates based on market volatility and investor sentiment towards inverse products.
Total Net Assets (AUM): 698600000
Competitors
Key Competitors
- ProShares UltraShort S&P500 (SDS)
- ProShares Short S&P500 (SH)
- ProShares UltraPro Short S&P500 (SPXU)
Competitive Landscape
The competitive landscape consists of other inverse and leveraged ETFs tracking the S&P 500. SPXS offers 3x leverage, making it riskier but potentially more rewarding than its 2x competitors like SDS and SH. Its advantage is higher potential gains in the short-term if the S&P 500 declines, but its disadvantage is significant decay over longer time periods and substantial losses if the S&P 500 rises.
Financial Performance
Historical Performance: Historical performance data is highly volatile and subject to significant erosion over time due to the daily reset and compounding effect.
Benchmark Comparison: The ETF aims to achieve 3x the inverse of the S&P 500's daily return, but its long-term performance diverges significantly from a simple inverse index due to compounding.
Expense Ratio: 1.01
Liquidity
Average Trading Volume
SPXS exhibits high liquidity due to its popularity among traders seeking short-term market exposure.
Bid-Ask Spread
The bid-ask spread for SPXS is generally tight, reflecting its high trading volume.
Market Dynamics
Market Environment Factors
Economic uncertainty, geopolitical events, and interest rate changes significantly affect SPXS's performance, as they influence the S&P 500's direction.
Growth Trajectory
SPXS's growth trajectory is tied to investor appetite for hedging and speculation in response to perceived market downturns; strategy and holdings remain consistent.
Moat and Competitive Advantages
Competitive Edge
SPXS's competitive edge lies in its 3x leverage, appealing to sophisticated traders seeking aggressive short-term returns from a declining S&P 500. Its niche focus caters to experienced investors comfortable with substantial risk and daily monitoring. However, this high leverage comes with the disadvantage of rapid value erosion if market movements are unfavorable. It's not suited for long-term investments due to its intended daily reset mechanism.
Risk Analysis
Volatility
SPXS exhibits extremely high volatility due to its 3x leverage and inverse nature.
Market Risk
The primary market risk is the potential for significant losses if the S&P 500 rises, as the ETF is designed to move in the opposite direction with triple the magnitude.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader with a short-term horizon who understands leveraged and inverse ETFs and is actively monitoring market conditions.
Market Risk
SPXS is best suited for active traders with a high-risk tolerance, not for long-term investors or passive index followers.
Summary
Direxion Daily S&P 500u00ae Bear 3X Shares is an inverse leveraged ETF designed for short-term trading, offering 3x the inverse of the S&P 500's daily performance. It carries substantial risk due to its leverage and is not suitable for long-term investors. Its performance is highly sensitive to market volatility and requires constant monitoring. It is appropriate for sophisticated traders seeking to profit from short-term market declines but who understand the potential for significant losses.
Similar ETFs
Sources and Disclaimers
Data Sources:
- Direxion Investments
- SEC Filings
- Yahoo Finance
- ETF.com
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Leveraged and inverse ETFs are high-risk and may not be suitable for all investors. Past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily S&P 500® Bear 3X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 3X daily inverse (opposite) or short exposure to the index or to exchange-traded funds ("ETFs") that track the index, consistent with the fund"s investment objective. The index is a float-adjusted, market capitalization-weighted index. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.