CSCS ETF — Direxion Daily CSCO Bear 1X ETF

Direxion Daily CSCO Bear 1X ETF (CSCS)

Updated October 16, 2026.

CSCS is an ETF linked to Cisco Systems (CSCO). its distribution rate is 3.14%, its trailing-12-month yield is 3.53%, its expense ratio is 1.00%. Total return is -41.5% over the past 1.3 years, 103.8 points behind CSCO at 62.3%.

This ETF provides daily inverse exposure to Cisco Systems (CSCO), designed to move in the opposite direction of the stock on a 1X basis using financial instruments including swaps and options. The fund distributes quarterly with a current distribution rate in the mid-single digits and carries an expense ratio of 1.00%. It appeals to investors seeking short-term bearish positioning or hedging strategies against Cisco, though the small asset base and daily reset mechanism mean it is primarily suited for tactical, near-term trades rather than buy-and-hold strategies.

CSCS performance versus CSCO

Price and return data through 2026-10-16.

Total return is -41.5% over the past 1.3 years, 103.8 points behind CSCO at 62.3%. Its deepest 1-year drawdown was 49.4%.

CSCS key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

06/24/2025

Expense ratio

1.00%

Distribution rate

3.14%

Distribution frequency

Quarterly

Trailing yield

3.53%

Last close

$14.01 (as of 2026-10-16)

AUM

$1,908,702

Average volume

12131.0

Dividend

$0.11

Ex-dividend date

09/22/2026

Payment date

09/29/2026

How Dividend Vision calculates yield and returns

Distribution rate (3.14%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.53%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Cisco Systems (CSCO); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CSCS risks and drawbacks

CSCS's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed CSCO over the available window. The deepest 1-year drawdown on record here is 49.4%.

Who may consider CSCS — and who may not

CSCS may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (CSCS pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching CSCO total return. This is educational context, not a recommendation to buy or sell.

More on CSCS

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Tagged: Short, Single.

Frequently asked questions

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