BIS
BIS, or Direxion Daily Financial Bear 3X Shares, is an exchange-traded fund (ETF) that seeks to provide three times the inverse of the daily performance of the Financial Select Sector Index. It aims to deliver -3x the daily return of the underlying index.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Jun 17, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
82.91%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
82.51%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
18.65%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
149.94%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.33
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
10.67
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Discover More NowFrequently Asked Questions
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BIS has an expense ratio of approximately 1.09%. This fee represents the cost of managing the fund, including administrative and operational expenses, expressed as a percentage of the fund’s average net assets.
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Factors influencing BIS’s performance include movements in the financial sector, changes in the Financial Select Sector Index, market volatility, and the effects of leverage. The ETF’s daily rebalancing and compounding effects also impact performance.
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BIS uses leverage to amplify its inverse exposure to the financial sector, targeting -3x the daily performance of the Financial Select Sector Index. Leverage can result in significant performance fluctuations, especially over periods longer than one day due to compounding effects.
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BIS is managed by Direxion and achieves its investment objective by using financial instruments such as futures contracts, options, and swap agreements. It maintains its 3x inverse leverage through daily rebalancing.
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Similar ETFs to BIS include: FAZ (Direxion Daily Financial Bear 3X Shares), which also provides -3x daily return of the Financial Select Sector Index; XLF (Financial Select Sector SPDR Fund), which provides exposure to the financial sector without leverage; and SKF (ProShares UltraShort Financials), which seeks to provide -2x the daily performance of the Financial Select Sector Index.
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Yes, BIS can be held in retirement accounts such as IRAs or 401(k)s. However, due to its high-risk, leveraged nature, it’s crucial to assess how it fits within your overall investment strategy and risk tolerance.
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BIS typically distributes dividends on a quarterly basis. These dividends are derived from income produced by the underlying securities, although leveraged ETFs often have lower yields compared to non-leveraged funds.
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Historical performance data for BIS includes past returns, NAV, and volatility. Investors should review performance charts and reports to understand how BIS has tracked its leveraged inverse objective over different time periods.
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Risks include high volatility and the potential for significant losses due to BIS’s leveraged inverse exposure. The ETF’s performance is highly sensitive to daily changes in the financial sector, and leverage can amplify both gains and losses.
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BIS aims to deliver three times the inverse (-3x) of the daily return of the Financial Select Sector Index. Its performance can differ significantly from the index over periods longer than one day due to the effects of compounding and daily rebalancing.
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Disclaimers
The information displayed on this site is sourced from third-party providers and is believed to be reliable. OHLCX has not independently verified this data and does not guarantee its accuracy. Content is for educational and informational purposes only and is not financial or investment advice.
With any investment, your capital is at risk. Past performance is no guarantee of future results. Consult your provider's terms and privacy policies where applicable.
Market data is provided in near real-time when available, but we do not guarantee its accuracy or timeliness.
Securities products are: Not FDIC insured · Not bank guaranteed · May lose value
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