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SPXS vs TSMZ
Direxion Daily S&P 500 Bear 3X Shares vs Direxion Daily TSM Bear 1X Shares
Key differences
- SPXS is significantly larger than TSMZ — larger funds tend to be more liquid and less likely to close.
- SPXS follows a leveraged strategy; TSMZ uses inverse.
- SPXS has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| SPXS | TSMZ | |
|---|---|---|
| Annual cost (TER) | 1.04% | 1.01% |
| Fund size (AUM) | $388M | $3M |
| Since | 2008 | 2024 |
| Dividend yield | 4.29% | 4.74% |
| Asset class | equity | equity |
| Region | north america | north america |
| Strategy | leveraged | inverse |
| CAGR 1Y | -50.4% | -56.2% |
| CAGR 3Y | -43.7% | N/A |
| CAGR 5Y | -35.1% | N/A |
| Sharpe 3Y | -1.15 | N/A |
| Volatility 1Y | 36.05% | 35.67% |
| Max drawdown | -99.61% | -69.60% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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