Direxion Daily LLY Bear 1X Shares (ELIS) Performance
ELIS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +28.7% since Dec 31, 2025
- 1 year
- −1.9% total return
- Since first price
- −9.2% since 2025
ELIS trailing returns vs SPY, QQQ, AGG
| Period | ELIS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.2% | −0.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.2% | −11.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.5% | −14.5% | +7.8% | +8.4% | −1.5% |
| YTD | +28.7% | +28.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −1.9% | −5.3% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 26, 2025 | −9.2% | −13.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ELIS vs SPY
From Mar 26, 2025: ELIS grew to $9,078, SPY to $13,588.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ELIS returns by calendar year
2026 is year to date.
ELIS annual returns table
| Year | ELIS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +28.7% | −31.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ELIS largest drawdowns
Now 26.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 8, 2025 | −45.0% | Feb 4, 2026 | not yet | 6 months | 1.2 years so far |
| Apr 10, 2025 | −21.7% | Apr 30, 2025 | Aug 7, 2025 | 20 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ELIS risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −8.4% |
| Volatility (annualized) | 43.1% |
| Sharpe ratio | -0.10 |
| Sortino ratio | -0.17 |
| Best month | +33.4% |
| Worst month | −20.1% |
| Best 12 months | +20.1% |
| Worst 12 months | −19.8% |
| Positive months | 39% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ELIS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | −19.8% | −0.5% | +20.1% | 50% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
ELIS performance overview
Direxion Daily LLY Bear 1X Shares (ELIS) returned −1.9% over the past year, with distributions reinvested. Since its first recorded price on Mar 26, 2025 it has returned −9.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.0%, from Aug 8, 2025 to Feb 4, 2026; the fund has not yet regained that high. Volatility has been 43.1% a year.
Related: ELIS chart, ELIS dividends. See the ELIS overview for the latest quote and fund facts.
ELIS performance FAQ
What is the ELIS return over the past year?
ELIS returned −1.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.3%.
How much would $10,000 invested in ELIS be worth?
$10,000 invested in ELIS at its first recorded close on March 26, 2025 would be worth about $9,078 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ELIS?
The largest peak-to-trough decline was −45.0% between August 8, 2025 and February 4, 2026. It has not yet recovered to that high; it is 26.0% below its peak.
How volatile is ELIS?
Over the past history ELIS had an annualized volatility of 43.1% and a Sharpe ratio of -0.10 (excess return over 1–3 month T-bills per unit of risk).