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METD vs SPXS

Direxion Daily META Bear 1X ETF vs Direxion Daily S&P 500 Bear 3X Shares

METD

Direxion Daily META Bear 1X ETF

Direxion Funds

Annual cost

1.02%

Fund size

$9M

SPXS

Direxion Daily S&P 500 Bear 3X Shares

Direxion Funds

Annual cost

1.04%

Fund size

$388M

Key differences

  • SPXS is significantly larger than METD — larger funds tend to be more liquid and less likely to close.
  • METD follows a inverse strategy; SPXS uses leveraged.
  • SPXS has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

METDSPXS
Annual cost (TER)1.02%1.04%
Fund size (AUM)$9M$388M
Since20242008
Dividend yield2.63%4.29%
Asset classequityequity
Regionnorth americanorth america
Strategyinverseleveraged
CAGR 1Y-1.3%-50.4%
CAGR 3YN/A-43.7%
CAGR 5YN/A-35.1%
Sharpe 3YN/A-1.15
Volatility 1Y35.03%36.05%
Max drawdown-46.03%-99.61%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to METD and SPXS