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Launched · SEC filings

Direxion Daily CSCO Bear 1X ETF

CSCSNasdaqDirexionCThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$15.20+0.12 (+0.81%)

As of Nov 10, 2026, 11:15 AM ET

C40/ 100

Rank 30 of 58 in Single-Stock Inverse

C40/100Rank 30 of 58inSingle-Stock Inverse
Intraday session: up, 22 prints from 15.08 to 15.20. Range 15.09 to 15.36. Use the arrow keys to read each point.15.1515.2515.3015.3510 AM12 PM2 PM4 PM
Expense ratio
1.00%*
Fund size
$2M
1Y total return
−34.4%
Yield · Last 12 months
3.28%
Holdings
4
Avg volume · 30D
12.9K sh
52W range
low $12.08high $23.46
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Sep 1, 2027. Without it: 2.99%.

The ETF.net CSCS Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
Single-Stock Inverse⁠
Rank
30 of 58
Six-pillar profile for CSCS. Scores out of 100: Cost 89, Risk 57, Mission 96, Tradability 26, Holdings not scored, Durability 43. Strongest: Mission (96). Weakest: Tradability (26). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
73
This cap took
−33
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A89 out of 100
    Rank 6 of 58

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A96 out of 100
    Rank 13 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 17 of 54

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D26 out of 100
    Rank 49 of 58

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 34 of 58

Our read on CSCS

ETF.net Research

In short

CA straight bet against Cisco, the networking giant: CSCS aims for -100% of CSCO's daily move, no leverage stacked on top, in a category crowded with 2x and 3x shorts.

Stated mandate

The fund seeks daily investment results, before fees and expenses, equal to 100% of the inverse performance of Cisco Systems, Inc. common shares.

Why people hold it

  • The daily target is -100% of Cisco's move, not -2x or -3x. The inverse exposure comes without a leverage multiplier amplifying each day's swing.direxion.com
  • Costs 1.00% net of a waiver through September 1, 2027, below the category median fee across the 54 peers with fee data.
  • Short exposure arrives as an ordinary fund share: no margin account, no shares to borrow, no short-sale position to maintain overnight.direxion.com
  • Since its June 2025 launch, day-to-day results have tracked the stated inverse target closely.

Worth knowing

  • One stock, no diversification cushion, and a daily reset: hold past a day and your result depends on Cisco's path, not just where the stock lands.direxion.com
  • Smaller and more thinly traded than the headline names in this category, so spreads can run wider. Limit orders matter here.
  • That 1.00% is a waived rate. Gross is 2.99%, and the waiver runs only through September 1, 2027.

CSCS Performance

Launched Jun 25, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CSCS$6,557
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. CSCS $6,557. SPY $11,339. Use the arrow keys to read each point.$5,000$7,500$10,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CSCS. Periods over one year show the average yearly return.
PeriodCSCS
Year to date−29.1%
1 month+18.5%
3 months+20.0%
1 year−34.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CSCS
YearReturn barCSCS
2026 YTD−29.1%
2025−11.2%

Since listing, Jun 25, 2025

CSCS in the news

CSCS Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
3.28%Last 12 months
Payout per share
$0.50Last 12 months
Last payment
$0.11 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 5 payments from 2025 to 2026 YTD. Sep 23, 2025 $0.23; Dec 23, 2025 $0.15; Mar 24, 2026 $0.13; Jun 23, 2026 $0.11; Sep 22, 2026 $0.11. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 22, 2026Sep 29, 2026$0.11
Jun 23, 2026Jun 30, 2026$0.11
Mar 24, 2026Mar 31, 2026$0.13
Dec 23, 2025Dec 31, 2025$0.15
Sep 23, 2025Sep 30, 2025$0.23

$10,000 in CSCS 1 year ago paid $211 in dividends.

CSCS Risk

Risk pillarB57 out of 100Rank 17 of 54 in Single-Stock Inverse

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
27.1%
Annualised · 16 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−1.34
vs 3-month T-bills · 16 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−51.6%
16 months · trough Jun 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−1.45
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CSCS Cost

Compare CSCS and SKHZ

Overpaying vs SKHZ, cheapest in Single-Stock Inverse

$4,206

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CSCS 1.00%

    $18,688

  • SKHZ 0.75% Cheapest

    $14,482

$10,000
30 years

Cost over time

  • CSCS 1.00%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530CSCS $18,688SKHZ $14,482

Year by year

YearCSCSSKHZOverpaying
10$1,763$1,336$427
20$6,625$5,078$1,547
30$18,688$14,482$4,206
How the 1.00% is worked out

Full fee 2.99%− waiver 1.99%= you pay 1.00%

The waiver ends Sep 1, 2027. After that the fee is 2.99% unless Direxion renews it. Source: prospectus, Mar 2026.

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