Direxion Daily CSCO Bear 1X ETF
CThis 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.
$13.08+0.01 (+0.08%)
- 2.99%
- $2M
- −45.6%
- 3.79%
- 0M sh
- $12.72
- low $12.08high $25.14
The ETF.net CSCS Grade
C
Score 40 out of 100
- 31 of 58
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
- 44
- This cap took
- −4
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 58 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A99 out of 100Rank 2 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 21 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 42 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 36 of 58
Our read on CSCS
CA one-day bet against Cisco, no margin account required. CSCS aims to deliver 100% of the inverse of Cisco's daily move, a single-stock short wrapped in a share you can buy in any brokerage account. Built for days, not quarters.
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
- Shorting Cisco without the plumbing: no margin account, no shares to borrow, no recall risk. You buy a share, and the most at stake is what you paid for it.
- Unleveraged at -1x, so the daily reset math is gentler than the 2x inverse crowd (MSTZ, TSDD) that dominates this corner of the market.
- Since its 2025 launch it has tracked its stated daily inverse target closely. The machinery does what the prospectus says it will.
Worth knowing
- The 2.99% expense ratio sits at the top end of single-stock inverse funds, well above the typical fee among its bear-fund peers, and it accrues every day you hold.
- Daily reset: hold longer than a day and results can drift from the inverse of Cisco's move over that stretch, with choppy markets doing the most damage.
- A small, thinly traded fund, so bid-ask spreads can run wider than in the household-name single-stock inverse products.
CSCS Holdings
- Other
- 4
- 850%
- Dreyfus Govt Cash Man Ins
CSCS Performance
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$5,443
Returns run to the Oct 12, 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.
| Period | CSCS |
|---|---|
| Year to date | −38.6% |
| 1 month | −3.5% |
| 3 months | +3.4% |
| 1 year | −45.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CSCS |
|---|---|---|
| 2026 YTD | −38.6% | |
| 2025 | −11.2% |
CSCS in the news
CSCS Dividends
- 3.79%
- $0.50
- $0.11 per share
- Quarterly
Distribution history
CSCS Risk
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.
- 27.7%
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.
- −1.45
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.
- −51.6%
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.
- −1.42
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CSCS Cost
2.99%
CSCS2.99%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
Every other Single-Stock Inverse fund charges less.
Other funds in Single-Stock Inverse
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- CPALDDirexion Daily PANW Bear 1X ETFExpense ratio 2.33%1 year return −56.5%
- CQBTZDefiance Daily Target 2X Short QBTS ETFExpense ratio 2.31%1 year return −92.9%