SPXS

Direxion Daily S&P 500 Bear 3X ETF

Fundamental data last updated:August 13, 2026

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company profile

SECTOR

Financial Services

industry

Asset Management - Leveraged

Exchange

AMEX

County of HQ

US

Next Earnings Date

Not Scheduled

Business Summary

The Direxion Daily S&P 500 Bull and Bear 3X ETFs seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 Index. There is no guarantee the funds will achieve their stated investment objectives.

 


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VALUATION

P/E

N/A

Market Cap ($M USD)

$377.39M

Forward P/E

N/A

PEG

N/A

PRICE TO SALES

N/A

PRICE TO BOOK

N/A

EV / EBITDA

N/A

5-Year Average P/E

Free Cash Flow Yield

N/A

DCF Value

N/A

Graham Number

N/A

Price to FCF

N/A

EV to FCF

N/A

Earnings Yield

N/A

FCF Yield

N/A

DIVIDEND

Yield

N/A

Annual Payout

N/A

Payout Ratio

N/A

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

N/A

Next Year EPS Growth Estimate

N/A

Next Year Revenue Growth Estimate

N/A

Return on Equity (ROE)

N/A

FREE CASH FLOW

Operating Margin

N/A

Debt-to-Equity

N/A

Piotroski F-Score

N/A

Altman Z-Score

N/A

Return on Invested Capital (ROIC)

N/A

Current Ratio

N/A

Quick Ratio

N/A

Net Debt to EBITDA

N/A

Interest Coverage

N/A

Gross Profit margin

N/A

FCF PER SHARE

N/A

REVENUE PER SHARE

N/A

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Gainseekers Quantitative Analysis

Summary

The Direxion Daily S&P 500 Bear 3X ETF presents a unique case in the financial landscape. With no traditional valuation metrics like P/E or DCF Value available, the market’s pricing of this ETF is enigmatic. Its 1-Year Beta of -2.75 suggests extreme volatility, reflecting its leveraged nature. The ETF’s distance to its 52-week high at 110.64% indicates a significant decline, possibly signaling a bearish sentiment or market mispricing. Without concrete earnings or growth metrics, assessing its safety and growth potential remains speculative.

AI Exposure / Tech Reliance

Operating in the Asset Management - Leveraged industry, SPXS is inherently tied to market fluctuations and volatility. Its focus on inverse exposure to the S&P 500 positions it uniquely in the financial services sector, where AI and tech advancements may not directly impact its core operations. However, the ETF's adaptability to tech-driven trading strategies could enhance its appeal to tech-savvy investors.

The Bull Case

For a value or GARP investor, SPXS might seem attractive due to its potential for high returns in bearish market conditions. However, without metrics like ROIC, FCF Yield, or Piotroski F-Score, the narrative of pricing power or capital efficiency is hard to construct. The ETF's appeal lies more in its strategic positioning rather than traditional financial strengths, offering a hedge against market downturns.

The Bear Case

The bear case for SPXS is compelling due to its structural risks. With no earnings, cash flow, or valuation metrics available, the ETF lacks transparency in financial health. Its technical overextension, trading significantly below both the 50-Day and 200-Day SMAs, suggests a potential for further decline. The absence of fundamental metrics like Price/Book or Price/Sales further clouds its investment thesis, making it a risky proposition for conservative investors.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

N/A

Average Analyst Price Target

N/A

Institutional Ownership %

1-Year Beta

-2.75

Insider Buying % (6 Mo)

Distance to 52-Week High

118.22%

Distance to 52-Week Low

0.19%

EARNINGS SURPRISE %

N/A

50-DAY SMA

$32.87

200-DAY SMA

$36.04

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.