CSCS vs SPY
Direxion Daily CSCO Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CSCS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.00% | 0.09% | |
| AUM | $2M | $814.4B | |
| Dividend Yield | 4.60% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | -35.35% | +12.10% | |
| 1Y Return | -42.54% | +20.30% | |
| 3Y Return (annualized) | - | +20.82% | |
| 5Y Return (annualized) | - | +12.53% | |
| Volatility (annualized) | 27.4% | 15.3% | |
| Max Drawdown | -51.6% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 25, 2025 | Jan 22, 1993 |
CSCS vs SPY Performance
Direxion Daily CSCO Bear 1X ETF (CSCS) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CSCS returned -42.54% while SPY returned +20.30%. Year to date, CSCS is down 35.35% versus a gain of 12.10% for SPY.
Risk: Volatility and Drawdowns
CSCS has been the more volatile fund, with annualized monthly volatility of 27.4% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -51.6% for CSCS and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CSCS charges 1.00% per year while SPY charges 0.09%. On a $10,000 position that is $100 vs $9 annually, a gap of $91 per year that compounds over a long holding period. On income, CSCS currently yields 4.60% against 1.01% for SPY.
Holdings Overlap
CSCS and SPY share 0 holdings out of 507 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSCS or SPY?
CSCS has an expense ratio of 1.00% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, CSCS or SPY?
Over the past year CSCS returned -42.54% vs +20.30% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), CSCS annualized -37.01% vs +8.78% for SPY. Past performance does not guarantee future results.
Which is riskier, CSCS or SPY?
CSCS has been the more volatile fund at 27.4% annualized versus 15.3% for SPY. Worst drawdown: CSCS -51.6% vs SPY -56.5%.
Should I hold both CSCS and SPY?
CSCS and SPY have a monthly-return correlation of -0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSCS and SPY?
CSCS and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 507 unique securities.
Which pays a higher dividend, CSCS or SPY?
CSCS yields 4.60% while SPY yields 1.01%, so CSCS currently pays the higher dividend yield.
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