SPXS

Direxion Daily S&P 500 Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

SPXS Fund Description

SPXS provides 3x inverse exposure to a market-cap-weighted index of 500 large- and midcap US companies selected by the S&P Committee.

SPXS Factset Analytics Insight

SPXS is an extremely aggressive bet against the S&P 500, promising to provide -300% of the index's return for a one-day period. The fund, like most geared inverse products, is designed to deliver its 3x inverse exposure to the S&P 500—a cap-weighted basket of 500 of the largest firms in the US—for one trading day. Holding it for a period longer than that will introduce the effects of compounding, a dynamic that's increasingly pronounced as you add more leverage to the strategy. If the fund is held more than one day, your position will need to be adjusted daily to maintain the -3x multiple. Investors should be comfortable with not just the mechanics of the portfolio but the counterparty risk it takes on to get its exposure: SPXS holds swaps on the index to achieve its goals.

SPXS MSCI ESG Analytics Insight

Direxion Daily S&P 500 Bear 3X Shares has an MSCI ESG Fund Rating of A based on a score of 5.97 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily S&P 500 Bear 3X Shares ranks in the 45th percentile within its peer group and in the 42nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 09/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPXS -1.75% -17.13% -46.93% -63.08% -53.92% -49.36% -45.81%
SPXS (NAV) -0.49% -18.03% -46.59% -63.40% -53.79% -49.41% --
S&P 500 0.02% 6.29% 20.35% 34.13% 17.57% 18.12% 16.20%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPXS Summary Data

Direxion
11/05/08
Open-Ended Fund
1.07%
$436.88M
0.05%

SPXS Portfolio Data

0.62%
N/A

SPXS Index Data

S&P 500
Market Cap
Committee
N/A

SPXS Fund Structure

Yes
No
-- / --
N/A
N/A
Low
-3
Daily

SPXS Tax Exposures

20.00% / 39.60%
--
No

SPXS Factset Analytics Block Liquidity

As of 09/17/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of SPXS. SPXS is rated a 5 out of 5.

SPXS Tradability

5,288,638
$115.20M
4,925,801
$109.90M
0.05%
$0.01
-0.05%
0.27% / -0.44%
None
100.00%
50,000
98.52
0.00%
--
168,621
$20.87
5

SPXS MSCI ESG Ratings

5.97 / 10
41.67
44.57
0.01%
--
5.26