SH vs SPXS
ProShares Short S&P500 compared with Direxion Daily S&P 500 Bear 3X Shares on yield, payout growth, payment schedule, cost and risk.
SH
ProShares Short S&P500
TTM yield · Quarterly
SPXS
Direxion Daily S&P 500 Bear 3X Shares
TTM yield · Quarterly
Quick take
- SPXS yields more today: 5.67% vs 3.67% (forward).
- SH has grown its payout faster: -14.7%/yr vs -40.6%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year SH delivered the higher total return: -9.3% vs -34.0% (price change plus payouts).
- SH is cheaper to own: 0.88% vs 1.04% expense ratio.
- SH has the steadier distribution: consistency 57/100 vs 40/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SH | SPXS |
|---|---|---|
| Share price | $32.24 | $23.91 |
| TTM yield | 3.95% | 4.83% |
| Forward yield | 3.67% | 5.67% |
| Annual payout per share | $1.184 | $1.356 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Dec 23, 2026 (est.) | Dec 22, 2026 (est.) |
| Expense ratio | 0.88% | 1.04% |
| 1-year payout growth | -31.1% | -43.7% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 57/100 | 40/100 |
| 1-year total return | -9.3% | -34.0% |
| 1-year price return | -12.8% | -37.1% |
| Size (market cap / AUM) | 1.0B | 339.0M |
| Years paying | 19.8 | 8.6 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SH | SPXS | |
|---|---|---|
| Shares | 310.2 | 418.2 |
| Income per year | $367 | $567 |
| Income per month (avg) | $31 | $47 |
At forward yields, before taxes. Model SH · Model SPXS
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SH Dec 23, 2026 | Jan 6, 2027 | $0.296 | Est. |
| SH Mar 24, 2027 | Apr 7, 2027 | $0.296 | Est. |
| SH Jun 23, 2027 | Jul 7, 2027 | $0.296 | Est. |
| SPXS Dec 22, 2026 | Jan 5, 2027 | $0.339 | Est. |
| SPXS Mar 23, 2027 | Apr 6, 2027 | $0.339 | Est. |
| SPXS Jun 22, 2027 | Jul 6, 2027 | $0.339 | Est. |
Annual payouts per share
SHSPXS
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SH or SPXS?
SPXS currently has the higher trailing yield: SH yields 3.95% and SPXS yields 4.83%. Yield changes daily with price, so check the live figures above.
How often do SH and SPXS pay?
SH pays every quarter and SPXS pays every quarter. SH's next ex-date is Dec 23, 2026 and SPXS's is Dec 22, 2026.
Which has grown its dividend faster, SH or SPXS?
SH has grown its payout faster: -14.7%/yr vs -40.6%/yr over the last 3 years.
Is SH or SPXS better for income?
It depends on what you are optimising for. SH and SPXS differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.