# Direxion Daily S&P 500 Bear 3X Shares (SPXS)

> Source: Nexqual · https://nexqual.com/SPXS · data as of 2026-10-23 13:32 UTC · cite as "Nexqual, Direxion Daily S&P 500 Bear 3X Shares (SPXS), nexqual.com/SPXS" · informational, not investment advice.

**Price:** USD 25.16 (+1.53% today) · US market open, as of October 23, 2026 at 13:32 UTC; quotes may be delayed. Prev close 24.78 · day 25.14–25.21 · 52w 23.04–44.83 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -29.6% vs S&P 500 +14.9%; 5Y -84.3% vs S&P 500 +80.3%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -29.6% | -84.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -29.6% | -30.9% |
| Volatility (annualized) | 38.2% | 48.7% |
| Max drawdown | -46.3% (Mar 2026→Aug 2026) | -90.7% (Jun 2022→Oct 2026) |

## Peers
SPXL (Direxion Daily S&P 500 Bull 3X ) USD 276.33 -1.46% · TZA (Direxion Small Cap Bear 3X ETF) USD 49.18 +2.18% · SPXU (ProShares UltraPro Short S&P500) USD 35.35 +1.60% · SDOW (UltraPro Short Dow30) USD 24.19 +3.20% · SOXS (Direxion Daily Semiconductor Be) USD 53.41 -0.08%

## More
Full page: https://nexqual.com/SPXS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 51.0% | ±6.1% |
| 2026-11-06 | 14 | 58.0% | ±9.1% |
| 2026-11-13 | 21 | 66.9% | ±13.2% |
| 2026-11-20 | 28 | 46.9% | ±10.6% |
| 2026-11-27 | 35 | 45.9% | ±11.5% |
| 2026-12-04 | 42 | 53.0% | ±13.7% |
| 2026-12-18 | 56 | 52.2% | ±16.0% |
| 2027-01-15 | 84 | 49.2% | ±18.9% |