DXSSX Performance — Direxion Monthly S&P 500 Bear 1.75X Fund, Investor Class
Data updated: 2023-04-28
DXSSX returned +6.82% over one year to Feb 2023. The annualised 3-year return is −29.30%. The fund trailed its Trading - Inverse category average: $100 invested three years ago grew to $35, against $37 for the category, and to $107 over one year, against $108. Volatility over the past three years was 40.64% a year. In the 12 months to Feb 2023 the fund took in a net $111.0M, and assets reached $11.22M.
DXSSX Growth of $100
What $100 invested in Direxion Monthly S&P 500 Bear 1.75X Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Inverse category average over the same months.
| Period | DXSSX | Category average |
|---|---|---|
| 1 year (Mar 2022 – Feb 2023) | $107 | $108 |
| 3 years (Mar 2020 – Feb 2023) | $35 | $37 |
| Since data start (Sep 2019 – Feb 2023) | $34 | $36 |
DXSSX Trailing Returns
Total returns to Feb 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +6.82% |
| 3 years (annualised) | −29.30% |
DXSSX Annual Returns
Calendar-year total returns of Direxion Monthly S&P 500 Bear 1.75X Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Feb) | −5.51% |
| 2022 | +32.01% |
| 2021 | −43.12% |
| 2020 | −41.56% |
| 2019 (Sep–Dec) | −18.52% |
DXSSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | −10.2% | +5.2% | — | — | — | — | — | — | — | — | — | — |
| 2022 | +10.2% | +5.9% | −7.4% | +17.4% | −0.3% | +16.7% | −18.2% | +7.6% | +16.7% | −13.7% | −9.1% | +10.9% |
| 2021 | +2.0% | −5.5% | −8.8% | −10.7% | −1.5% | −4.8% | −4.8% | −6.2% | +9.2% | −14.1% | +1.3% | −9.0% |
| 2020 | +0.4% | +16.8% | +24.9% | −25.7% | −9.5% | −4.0% | −11.3% | −14.4% | +7.5% | +5.2% | −21.9% | −7.7% |
| 2019 | — | — | — | — | — | — | — | — | −3.3% | −4.0% | −6.9% | −5.7% |
DXSSX Risk
Risk measures from monthly returns over Mar 2020 – Feb 2023.
- 3-year volatility (annualised): 40.64%
- 3-year Sharpe ratio: -0.83 (vs 4.5% risk-free rate)
- Best month: +24.85% (Mar 2020)
- Worst month: −25.69% (Apr 2020)
DXSSX Fund Flows
Monthly money in and out of Direxion Monthly S&P 500 Bear 1.75X Fund, from SEC Form N-PORT.
- 12-month net flow: $111.0M
- 12-month gross sales (incl. reinvestments): $57.7M
- Sales ÷ redemptions: -1.08×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Feb 2023 | $1.8M | −$2.8M | $4.6M |
| Jan 2023 | $3.3M | −$1.9M | $5.2M |
| Dec 2022 | $4.8M | −$3.3M | $8.1M |
| Nov 2022 | $3.0M | −$4.8M | $7.8M |
| Oct 2022 | $9.5M | −$8.8M | $18.3M |
| Sep 2022 | $4.4M | −$5.7M | $10.1M |
| Aug 2022 | $6.0M | −$2.9M | $8.9M |
| Jul 2022 | $5.0M | −$5.7M | $10.6M |
| Jun 2022 | $5.6M | −$2.8M | $8.4M |
| May 2022 | $7.0M | −$8.2M | $15.2M |
| Apr 2022 | $3.1M | −$2.5M | $5.6M |
| Mar 2022 | $4.2M | −$4.0M | $8.2M |
DXSSX Assets Under Management
Net assets of Direxion Monthly S&P 500 Bear 1.75X Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-02-28 | $11.22M |
| 2022-11-30 | $8.80M |
| 2022-08-31 | $12.25M |
| 2022-05-31 | $6.81M |
| 2022-02-28 | $6.55M |
| 2021-11-30 | $8.46M |
| 2021-08-31 | $5.82M |
| 2021-05-31 | $9.69M |
| 2021-02-28 | $7.99M |
| 2020-11-30 | $7.93M |
| 2020-08-30 | $9.74M |
| 2020-05-31 | $13.25M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.