---
ticker: "SPXS"
name: "Direxion Daily S&P 500 Bear 3X ETF"
url: "https://etf.net/etf/SPXS"
grade: "D"
score: 30
graded_at: "2026-10-12"
category: "Inverse S&P 500"
category_rank: "5 of 5"
methodology: "https://etf.net/methodology"
---

# SPXS: Direxion Daily S&P 500 Bear 3X ETF

Grade **D**, Score 30 of 100. Rank 5 of 5 in Inverse S&P 500.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 21 | 5 of 5 |
| Mission | Not scored | — |
| Risk | 33 | 4 of 5 |
| Tradability | 45 | 5 of 5 |
| Holdings | Not scored | — |
| Durability | 42 | 4 of 5 |

## Top holdings

The fund holds 7 positions. These are the largest 7, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Spx Swap Asset Leg (Spxbcs) | 63.08% |
| 2 | — | Spx Swap Asset Leg (Spxgss) | 37.23% |
| 3 | — | Spx Swap Asset Leg (Spxcts) | 15.47% |
| 4 | — | Spx Swap Asset Leg (Spxjps) | 15.37% |
| 5 | — | Spx Swap Asset Leg (Spxubs) | 10.44% |
| 6 | — | Spx Swap Asset Leg (Spxbps) | 8.26% |
| 7 | — | Spx Swap Asset Leg (Spxmls) | 8.08% |

Source: etf.net, https://etf.net/etf/SPXS. Please cite the page URL.