SPXS vs SMHX
Comparison between DIREXION DAILY S&P 500(R) BEAR 3X SHARES (SPXS, ETF) and VANECK FABLESS SEMICONDUCTOR ETF (SMHX, ETF).
SPXS vs SMHX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SPXS vs SMHX - Holdings Comparison
SPXS and SMHX have 0 common holdings. Overlap is 0.00%
SPXS's top 25 holdings weight is 22.26%. SMHX's top 25 holdings weight is 97.97%.
| Rank | SPXS | SMHX |
|---|---|---|
| #1 | GOLDMAN SACHS FS TREASURY INTMS INSTL (FTIXX) - 22.26% | NVIDIA CORP (NVDA) - 21.24% |
| #2 | N/A | BROADCOM INC (AVGO) - 15.89% |
| #3 | N/A | ADVANCED MICRO DEVICES INC (AMD) - 5.89% |
| #4 | N/A | ASTERA LABS INC (ALAB) - 4.80% |
| #5 | N/A | QUALCOMM INC (QCOM) - 4.69% |
| #6 | N/A | CADENCE DESIGN SYSTEMS INC (CDNS) - 4.37% |
| #7 | N/A | SYNOPSYS INC (SNPS) - 4.19% |
| #8 | N/A | MONOLITHIC POWER SYSTEMS INC (MPWR) - 4.16% |
| #9 | N/A | MARVELL TECHNOLOGY INC (MRVL) - 4.11% |
| #10 | N/A | ARM HOLDINGS PLC ADR (ARM) - 4.08% |
| #11 | N/A | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.83% |
| #12 | N/A | SILICON MOTION TECHNOLOGY CORP ADR (SIMO) - 3.64% |
| #13 | N/A | SITIME CORP ORDINARY SHARES (SITM) - 3.35% |
| #14 | N/A | RAMBUS INC (RMBS) - 3.12% |
| #15 | N/A | SEMTECH CORP (SMTC) - 3.02% |
| #16 | N/A | CIRRUS LOGIC INC (CRUS) - 2.23% |
| #17 | N/A | SILICON LABORATORIES INC (SLAB) - 2.13% |
| #18 | N/A | ALLEGRO MICROSYSTEMS INC ORDINARY SHARES (ALGM) - 1.29% |
| #19 | N/A | AMBARELLA INC (AMBA) - 0.97% |
| #20 | N/A | SYNAPTICS INC (SYNA) - 0.97% |
| #21 | N/A | N/A |
| #22 | N/A | N/A |
| #23 | N/A | N/A |
| #24 | N/A | N/A |
| #25 | N/A | N/A |
| Total Holdings | 1 | 20 |
SPXS vs SMHX - Historical Returns
Returns include dividend reinvestment.
SPXS vs SMHX - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | SPXS | SMHX |
|---|---|---|
| 2026 | -23.78% | +48.36% |
| 2025 | -41.98% | +28.55% |
| 2024 | -43.78% | +17.76% |
| 2023 | -46.63% | N/A |
| 2022 | +38.60% | N/A |
| 2021 | -59.75% | N/A |
| 2020 | -69.64% | N/A |
| 2019 | -56.42% | N/A |
| 2018 | +5.66% | N/A |
| 2017 | -43.20% | N/A |
| 2016 | -38.78% | N/A |
| 2015 | -18.14% | N/A |
| 2014 | -39.64% | N/A |
| 2013 | -57.52% | N/A |
| 2012 | -39.97% | N/A |
| 2011 | -30.76% | N/A |
| 2010 | -46.06% | N/A |
| 2009 | -67.89% | N/A |
| 2008 | -43.19% | N/A |
SPXS vs SMHX Drawdown Comparison
The maximum drawdown for SPXS was -100.00%, occurring on Jun 2, 2026. This drawdown has not yet recovered.
The maximum drawdown for SMHX was -38.53%, occurring on Apr 8, 2025. Recovery took 116 trading sessions.
The current SPXS drawdown is -100.00%. The current SMHX drawdown is -14.56%.
| Rank | SPXS | SMHX |
|---|---|---|
| #1 | -100.00% Nov 20, 2008 - Jun 2, 2026 | -38.53% Jan 22, 2025 - Jul 10, 2025 |
| #2 | N/A | -18.29% Jun 3, 2026 - Jul 17, 2026 |
| #3 | N/A | -17.06% Oct 29, 2025 - Apr 13, 2026 |
| #4 | N/A | -12.25% Aug 30, 2024 - Sep 19, 2024 |
| #5 | N/A | -8.61% Nov 7, 2024 - Dec 4, 2024 |
| #6 | N/A | -7.31% Oct 8, 2025 - Oct 27, 2025 |
| #7 | N/A | -7.04% Oct 29, 2024 - Nov 6, 2024 |
| #8 | N/A | -6.96% Dec 16, 2024 - Jan 6, 2025 |
| #9 | N/A | -6.87% Apr 24, 2026 - May 5, 2026 |
| #10 | N/A | -6.22% Jan 6, 2025 - Jan 22, 2025 |
| #11 | N/A | -5.41% Aug 13, 2025 - Aug 28, 2025 |
| #12 | N/A | -5.25% May 14, 2026 - May 20, 2026 |
| #13 | N/A | -5.17% Sep 26, 2024 - Oct 8, 2024 |
| #14 | N/A | -4.91% Aug 28, 2025 - Sep 8, 2025 |
| #15 | N/A | -3.80% Jul 30, 2025 - Aug 8, 2025 |
Correlation
Correlation between SPXS and SMHX is -0.88 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2018 - 2026)
SPXS vs SMHX dividend yield comparison.
| Year | SPXS | SMHX |
|---|---|---|
| 2026 | 2.34% | 0.00% |
| 2025 | 4.93% | 0.02% |
| 2024 | 6.18% | 0.04% |
| 2023 | 5.66% | 0.00% |
| 2020 | 0.51% | 0.00% |
| 2019 | 1.74% | 0.00% |
| 2018 | 0.58% | 0.00% |
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