<ul>
<li>Direxion Daily S&amp;P 500 Bear 3X Shares ETF (SPXS) 相对风险较低，但可能提供的回报也较少。</li>
</ul>
<ul>
<li>与此同时，ProShares UltraPro Short QQQ (SQQQ) 适合风险承受能力强的科技市场看空者。</li>
</ul>
<ul>
<li>你在退休方面是领先还是落后？SmartAsset 的免费工具可以在几分钟内将你与财务顾问匹配，帮助你今天解决这个问题。每位顾问都经过严格筛选，必须以你的最佳利益为重。不要再浪费时间；点击这里开始吧。(赞助商)</li>
</ul>
<p>2020 年代的交易所交易基金（ETFs）种类繁多，令人眼花缭乱。如今，你几乎可以用 ETFs 做任何事情，如果你对股市持看空态度，可以考虑 <strong>ProShares UltraPro Short QQQ ETF</strong> (NASDAQ:SQQQ) 或 <strong>Direxion Daily S&amp;P 500 Bear 3X Shares ETF</strong> (NYSEARCA:SPXS)。</p>
<p>杠杆反向 ETF 可以为你带来巨额利润，尤其是在股市崩盘时。在某些限制内，SQQQ ETF 和 SPXS ETF 在股市指数下跌时有可能放大你的收益。</p>
<p>那么，这两只基金中哪一只更适合悲观交易者呢？今天，我们将探讨 ProShares UltraPro Short QQQ ETF 和 Direxion Daily S&amp;P 500 Bear 3X Shares ETF 的优缺点。在比较这对大胆的 ETF 之后，你应该能够选择适合你的那一只。</p>
<p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg"/></p>
<h2>一对快速移动的基金</h2>
<p>今天考虑的这两只基金有很多共同点。它们都是反向基金，朝着主要股市指数的相反方向移动。此外，它们都是三倍杠杆，因此在股指的反向方向上移动的速度是普通股指的三倍。</p>
<p>可以说，这些 ETF 并不适合心脏脆弱的人，不应大量购买。此外，出于我们稍后将讨论的原因，这两只基金不适合持有超过几天，最多几周。</p>
<p>从 Direxion Daily S&amp;P 500 Bear 3X Shares ETF 开始，该基金寻求实现 S&amp;P 500 指数每日价格变动的 300% 的反向（相反）结果。该 ETF 每日重置/再平衡，因此超过一天后，无法保证与 S&amp;P 500 的忠实三倍杠杆反向移动。</p>
<p>同样的问题也适用于 ProShares UltraPro Short QQQ ETF，该基金寻求实现与 NASDAQ 100 指数每日价格变动的三倍反向投资结果。如果 SQQQ ETF 持有超过一天，则无法保证准确的三倍杠杆反向跟踪 NASDAQ 100。</p>
<p>这里的关键是，对于这两只基金，长期买入持有策略可能会产生意想不到的结果。因此，这两只 ETF 最适合灵活的短期交易者。</p>
<h2>两只适合市场下跌的 ETF</h2>
<p>还需要考虑年度管理费用，这些费用以费用比率计算。对于 ProShares UltraPro Short QQQ ETF，费用比率为 0.95%；这意味着基金经理每投资 100 美元就会扣除 0.95 美元的费用。</p>
<p>相比之下，Direxion Daily S&amp;P 500 Bear 3X Shares ETF 的费用比率为 0.87%，这相当于每投资 100 美元扣除 0.87 美元。因此，我们可以为 SPXS 在费用上得分，因为管理费用相对较低。</p>
<p>然而，即使在扣除管理费用后，ProShares UltraPro Short QQQ ETF 和 Direxion Daily S&amp;P 500 Bear 3X Shares ETF 在股市急剧下跌时仍应提供快速利润。只需确保迅速获取这些利润，因为 SQQQ 和 SPXS 并不设计为在超过一天的时间内准确反向跟踪指数。</p>
<p>到目前为止，Direxion Daily S&amp;P 500 Bear 3X Shares ETF 看起来比 ProShares UltraPro Short QQQ ETF 更好，因为其费用比率较低。此外，还有另一个选择 SPXS 而非 SQQQ 的理由，让我们现在转到这个话题。</p>
<h2>采取 “安全第一” 的方法</h2>
<p>这两只基金风险都很高，即使你只持有一天。三倍放大的反向指数跟踪意味着如果股市上涨，你可能会遭受巨额财务损失。</p>
<p>花点时间考虑一下这些 ETF 反向跟踪的指数。Direxion Daily S&amp;P 500 Bear 3X Shares ETF 反向跟踪 S&amp;P 500，该指数高度多样化，包含约 500 只股票。该指数通常在任何给定的一天内不会移动太远。</p>
<p>相比之下，ProShares UltraPro Short QQQ ETF 反向跟踪 NASDAQ 100 指数，该指数仅包含约 100 只股票，这些股票大多属于一个市场部门（科技）。因此，NASDAQ 100 的波动速度通常快于 S&amp;P 500，许多天你可能会看到 SQQQ 的波动速度快于 SPXS。</p>
<p>对于杠杆基金，采取 “安全第一” 的方法并选择风险较低的 ETF 是个好主意。在这方面，Direxion Daily S&amp;P 500 Bear 3X Shares ETF 看起来比 ProShares UltraPro Short QQQ ETF 更好。</p>
<p>虽然我整体上更倾向于选择 SPXS ETF，但短期投资者仍可能选择 SQQQ ETF。如果你有理由相信某一天科技股会下跌，那么 ProShares UltraPro Short QQQ ETF 可能是快速进出交易的正确选择。</p>
<p>因此，你的目的和目标应该决定哪只基金适合你。也就是说，我会将 ProShares UltraPro Short QQQ ETF 的使用限制在非常短期的投机交易中，而在大多数情况下，我更倾向于选择 Direxion Daily S&amp;P 500 Bear 3X Shares ETF。</p>
<p>文章 SQQQ vs. SPXS: 哪只反向 ETF 更值得购买？ 首先出现在 24/7 Wall St..</p>

3 倍做空标普 500 ETF - Direxion

3 倍做空纳指 ETF - ProShares

<p>本文比较了两种反向 ETF：ProShares UltraPro Short QQQ（SQQQ）和 Direxion Daily S&P 500 Bear 3X Shares（SPXS）。SQQQ 适合关注科技股的风险承受能力较强的投资者，而 SPXS 则风险较低，管理费用也较低（0.87% 对比 0.95%）。这两只 ETF 都是三倍杠杆，旨在短期交易，因为它们在较长时间内可能无法准确跟踪其指数。分析表明，由于 SPXS 的费用比率较低且相对风险较小，可能更适合看跌交易者</p>

<ul>
<li>The Direxion Daily S&amp;P 500 Bear 3X Shares ETF (SPXS) is comparatively less risky but may offer less reward.</li>
</ul>
<div class="lb-trans"><ul>
<li>Direxion Daily S&amp;P 500 Bear 3X Shares ETF (SPXS) 相对风险较低，但可能提供的回报也较少。</li>
</ul>
</div><ul>
<li>Meanwhile, the ProShares UltraPro Short QQQ (SQQQ) is suited for risk-tolerant tech-market bears.</li>
</ul>
<div class="lb-trans"><ul>
<li>与此同时，ProShares UltraPro Short QQQ (SQQQ) 适合风险承受能力强的科技市场看空者。</li>
</ul>
</div><ul>
<li>Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor)</li>
</ul>
<div class="lb-trans"><ul>
<li>你在退休方面是领先还是落后？SmartAsset 的免费工具可以在几分钟内将你与财务顾问匹配，帮助你今天解决这个问题。每位顾问都经过严格筛选，必须以你的最佳利益为重。不要再浪费时间；点击这里开始吧。(赞助商)</li>
</ul>
</div><p>The variety of exchange traded funds (ETFs) in the 2020s is truly dazzling. You can do just about anything with ETFs nowadays, and if you have a bearish outlook on the stock market, you might consider the <strong>ProShares UltraPro Short QQQ ETF</strong> (NASDAQ:SQQQ) or the <strong>Direxion Daily S&amp;P 500 Bear 3X Shares ETF</strong> (NYSEARCA:SPXS).</p>
<div class="lb-trans"><p>2020 年代的交易所交易基金（ETFs）种类繁多，令人眼花缭乱。如今，你几乎可以用 ETFs 做任何事情，如果你对股市持看空态度，可以考虑 <strong>ProShares UltraPro Short QQQ ETF</strong> (NASDAQ:SQQQ) 或 <strong>Direxion Daily S&amp;P 500 Bear 3X Shares ETF</strong> (NYSEARCA:SPXS)。</p>
</div><p>Leveraged inverse ETFs can score you big-time profits, especially if the stock market crashes. Within certain limitations, the SQQQ ETF and the SPXS ETF can potentially magnify your returns when stock market indexes fall.</p>
<div class="lb-trans"><p>杠杆反向 ETF 可以为你带来巨额利润，尤其是在股市崩盘时。在某些限制内，SQQQ ETF 和 SPXS ETF 在股市指数下跌时有可能放大你的收益。</p>
</div><p>Which of these two funds is the better pick for pessimistic traders, though? Today, we’ll explore the ins and outs of the ProShares UltraPro Short QQQ ETF and the Direxion Daily S&amp;P 500 Bear 3X Shares ETF. After comparing this pair of audacious ETFs, you should be ready to choose the one that’s right for you.</p>
<div class="lb-trans"><p>那么，这两只基金中哪一只更适合悲观交易者呢？今天，我们将探讨 ProShares UltraPro Short QQQ ETF 和 Direxion Daily S&amp;P 500 Bear 3X Shares ETF 的优缺点。在比较这对大胆的 ETF 之后，你应该能够选择适合你的那一只。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg" alt="" original-src="https://247wallst.com/wp-content/uploads/2025/01/Follow-Our-500000-AI-Portfolio-3.jpg"/></p>
<h2>A Pair of Fast-Moving Funds</h2>
<div class="lb-trans"><h2>一对快速移动的基金</h2>
</div><p>The two funds under consideration today have a lot in common. They’re both inverse funds that move in the opposite direction of a major stock market index. Furthermore, they’re both triple-leveraged, so they move three times as fast in the reverse direction of a stock index.</p>
<div class="lb-trans"><p>今天考虑的这两只基金有很多共同点。它们都是反向基金，朝着主要股市指数的相反方向移动。此外，它们都是三倍杠杆，因此在股指的反向方向上移动的速度是普通股指的三倍。</p>
</div><p>Suffice it to say, these ETFs aren’t for the faint of heart and shouldn’t be purchased in large quantities. Also, for reasons we’ll discuss shortly, these two funds aren’t meant to be held for more than a few days or maybe a couple of weeks at the longest.</p>
<div class="lb-trans"><p>可以说，这些 ETF 并不适合心脏脆弱的人，不应大量购买。此外，出于我们稍后将讨论的原因，这两只基金不适合持有超过几天，最多几周。</p>
</div><p>Starting with the Direxion Daily S&amp;P 500 Bear 3X Shares ETF, this fund seeks a daily result of 300% of the inverse (opposite) price move of the S&amp;P 500. This ETF is reset/rebalanced daily, so beyond one day, there’s no assurance of faithful triple-leveraged inverse movement to the S&amp;P 500.</p>
<div class="lb-trans"><p>从 Direxion Daily S&amp;P 500 Bear 3X Shares ETF 开始，该基金寻求实现 S&amp;P 500 指数每日价格变动的 300% 的反向（相反）结果。该 ETF 每日重置/再平衡，因此超过一天后，无法保证与 S&amp;P 500 的忠实三倍杠杆反向移动。</p>
</div><p>The same issue applies to the ProShares UltraPro Short QQQ ETF, which seeks daily investment results corresponding to three times the inverse of the daily price moves of the NASDAQ 100 index. If the SQQQ ETF is held for more than a day, there’s no assurance of accurate triple-leveraged reverse tracking of the NASDAQ 100.</p>
<div class="lb-trans"><p>同样的问题也适用于 ProShares UltraPro Short QQQ ETF，该基金寻求实现与 NASDAQ 100 指数每日价格变动的三倍反向投资结果。如果 SQQQ ETF 持有超过一天，则无法保证准确的三倍杠杆反向跟踪 NASDAQ 100。</p>
</div><p>The point here is that, with both of these funds, a long-term buy-and-hold strategy could incur unexpected results. Hence, these two ETFs are best suited for nimble short-term traders.</p>
<div class="lb-trans"><p>这里的关键是，对于这两只基金，长期买入持有策略可能会产生意想不到的结果。因此，这两只 ETF 最适合灵活的短期交易者。</p>
</div><h2>Two ETFs for Market Downturns</h2>
<div class="lb-trans"><h2>两只适合市场下跌的 ETF</h2>
</div><p>There are also annual management fees to consider, which are calculated as an expense ratio. For the the ProShares UltraPro Short QQQ ETF, the expense ratio is 0.95%; this means that the fund managers will deduct $0.95 per year for every $100 you invest in the fund.</p>
<div class="lb-trans"><p>还需要考虑年度管理费用，这些费用以费用比率计算。对于 ProShares UltraPro Short QQQ ETF，费用比率为 0.95%；这意味着基金经理每投资 100 美元就会扣除 0.95 美元的费用。</p>
</div><p>In contrast, the expense ratio for the Direxion Daily S&amp;P 500 Bear 3X Shares ETF is 0.87%, which equates to $0.87 per year for every $100 invested. Consequently, we can score a point in favor of SPXS over SQQQ because the management fees are moderately lower.</p>
<div class="lb-trans"><p>相比之下，Direxion Daily S&amp;P 500 Bear 3X Shares ETF 的费用比率为 0.87%，这相当于每投资 100 美元扣除 0.87 美元。因此，我们可以为 SPXS 在费用上得分，因为管理费用相对较低。</p>
</div><p>Nevertheless, even after the management fees are deducted, both the ProShares UltraPro Short QQQ ETF and the Direxion Daily S&amp;P 500 Bear 3X Shares ETF should provide fast profits during a sharp stock market downturn. Just be sure to take those profits quickly since SQQQ and SPXS aren’t designed for accurate inverse index tracking beyond one day.</p>
<div class="lb-trans"><p>然而，即使在扣除管理费用后，ProShares UltraPro Short QQQ ETF 和 Direxion Daily S&amp;P 500 Bear 3X Shares ETF 在股市急剧下跌时仍应提供快速利润。只需确保迅速获取这些利润，因为 SQQQ 和 SPXS 并不设计为在超过一天的时间内准确反向跟踪指数。</p>
</div><p>So far, the Direxion Daily S&amp;P 500 Bear 3X Shares ETF looks better than the ProShares UltraPro Short QQQ ETF because of its lower expense ratio. Moreover, there’s another reason to choose SPXS over SQQQ, so let’s move on to that topic now.</p>
<div class="lb-trans"><p>到目前为止，Direxion Daily S&amp;P 500 Bear 3X Shares ETF 看起来比 ProShares UltraPro Short QQQ ETF 更好，因为其费用比率较低。此外，还有另一个选择 SPXS 而非 SQQQ 的理由，让我们现在转到这个话题。</p>
</div><h2>Taking a “Safety First” Approach</h2>
<div class="lb-trans"><h2>采取 “安全第一” 的方法</h2>
</div><p>Both of these funds are highly risky, even if you only hold them for a day. Triple-magnified inverse index tracking potentially means huge financial losses for you if the stock market goes up.</p>
<div class="lb-trans"><p>这两只基金风险都很高，即使你只持有一天。三倍放大的反向指数跟踪意味着如果股市上涨，你可能会遭受巨额财务损失。</p>
</div><p>Take a moment to think about which indexes these ETFs are inverse- tracking. The Direxion Daily S&amp;P 500 Bear 3X Shares ETF inverse-tracks the S&amp;P 500, which is highly diversified with around 500 stocks. This index doesn’t usually move very far on any given day.</p>
<div class="lb-trans"><p>花点时间考虑一下这些 ETF 反向跟踪的指数。Direxion Daily S&amp;P 500 Bear 3X Shares ETF 反向跟踪 S&amp;P 500，该指数高度多样化，包含约 500 只股票。该指数通常在任何给定的一天内不会移动太远。</p>
</div><p>In contrast, the ProShares UltraPro Short QQQ ETF inverse-tracks the NASDAQ 100 index, which only includes around 100 stocks and these stocks are mostly in one market sector (technology). Therefore, it’s not unusual for the NASDAQ 100 to move faster than the S&amp;P 500, and on many days you’ll probably see SQQQ moving faster than SPXS.</p>
<div class="lb-trans"><p>相比之下，ProShares UltraPro Short QQQ ETF 反向跟踪 NASDAQ 100 指数，该指数仅包含约 100 只股票，这些股票大多属于一个市场部门（科技）。因此，NASDAQ 100 的波动速度通常快于 S&amp;P 500，许多天你可能会看到 SQQQ 的波动速度快于 SPXS。</p>
</div><p>With leveraged funds, it’s a good idea to take a “safety first” approach and choose less risky ETFs. In that regard, the Direxion Daily S&amp;P 500 Bear 3X Shares ETF appears to be a better choice than the ProShares UltraPro Short QQQ ETF.</p>
<div class="lb-trans"><p>对于杠杆基金，采取 “安全第一” 的方法并选择风险较低的 ETF 是个好主意。在这方面，Direxion Daily S&amp;P 500 Bear 3X Shares ETF 看起来比 ProShares UltraPro Short QQQ ETF 更好。</p>
</div><p>While my preferred overall pick is the SPXS ETF, short-term investors might still choose the SQQQ ETF. If you have a reason to believe that technology stocks will decline on a particular day, then the ProShares UltraPro Short QQQ ETF could be the right choice for a quick, in-and-out trade.</p>
<div class="lb-trans"><p>虽然我整体上更倾向于选择 SPXS ETF，但短期投资者仍可能选择 SQQQ ETF。如果你有理由相信某一天科技股会下跌，那么 ProShares UltraPro Short QQQ ETF 可能是快速进出交易的正确选择。</p>
</div><p>Really, then, your purpose and objectives should determine which fund is right for you. That said, I would restrict my use of the ProShares UltraPro Short QQQ ETF to very short-duration, speculative trades and in most instances, I would prefer the Direxion Daily S&amp;P 500 Bear 3X Shares ETF.</p>
<div class="lb-trans"><p>因此，你的目的和目标应该决定哪只基金适合你。也就是说，我会将 ProShares UltraPro Short QQQ ETF 的使用限制在非常短期的投机交易中，而在大多数情况下，我更倾向于选择 Direxion Daily S&amp;P 500 Bear 3X Shares ETF。</p>
</div><p>The post SQQQ vs. SPXS: Which Inverse ETF Is a Better Buy? appeared first on 24/7 Wall St..</p>
<div class="lb-trans"><p>文章 SQQQ vs. SPXS: 哪只反向 ETF 更值得购买？ 首先出现在 24/7 Wall St..</p>
</div>

SQQQ 与 SPXS：哪个反向 ETF 更值得投资？