SPXSDIREXION DAILY S&P 500(R) BEAR 3X SHARES
DIREXION DAILY S&P 500(R) BEAR 3X SHARES
$24.76-1.12% today
3.814452-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$3.8B OVER THIS RANGE
The desk’s read
Money keeps arriving — +$38M of net buying over the past month, about 11.0% of the fund's asset base, while the price has returned -29.9% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$347Massets under management
—expense ratio
+$38Mnet flow, trailing month
11.1Mavg daily volume, 30 days
1holdings · US-domiciled
2023listed November 27, 2023 · beta -1.92
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +2.9% |
| 1 month | -9.9% |
| 3 months | -8.3% |
| 6 months | -30.0% |
| YTD | -29.9% |
| 1 year | +490.9% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | +$3M |
| 1 month | +$38M |
| 3 months | +$1M |
| YTD | +$115M |
| 1 year | −$3.8B |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
40%realized volatility, 30 days (annualized)
234%realized volatility, 1 year
-46.8%deepest fall from a peak, 1 year
-44.1%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
8Kcalls today
1Kputs today
0.15put/call ratio
11.6Mshares traded
The case against SPXS
Due diligence cuts both ways. These funds sit on the same shelf and beat SPXS on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPY SPDR S&P 500 ETF Trust | 0.09% | $818.3B | +$2.8B | 2358× the assets · +$2.8B in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | 370× the assets · +$547M in over the month | Head-to-head |
| ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.03% | $97.9B | +$245M | 282× the assets · +$245M in over the month | Head-to-head |
| IVW iShares S&P 500 Growth ETF | 0.18% | $77.4B | +$322M | 223× the assets · +$322M in over the month | Head-to-head |
| IVE iShares S&P 500 Value ETF | 0.18% | $50.4B | +$51M | 145× the assets · +$51M in over the month | Head-to-head |