CSCS ETF — Direxion Daily CSCO Bear 1X ETF

Direxion Daily CSCO Bear 1X ETF (CSCS)

CSCS is an ETF that tracks the Cisco Systems (CSCO). As of August 19, 2026, its distribution rate is 3.22%, its trailing-12-month yield is 4.47%, its expense ratio is 1.00%. Fund total return is -43.3% over the past 1.1 years, 111.4 points behind CSCO at 68.1%.

At the current 3.22% distribution rate, a $10,000 investment would generate approximately $322 per year, or $26.83 per month on an equivalent basis. Actual quarterly payments vary.

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

Data as of August 19, 2026.

Fund total return is -43.3% over the past 1.1 years, 111.4 points behind CSCO at 68.1%. Its deepest 1-year drawdown was 51.5%.

CSCS key facts

Data as of August 19, 2026.

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

06/24/2025

Expense ratio

1.00%

Distribution rate

3.22%

Distribution frequency

Quarterly

Trailing yield

4.47%

Last close

$13.68

AUM

$2,029,355

Average volume

11752.0

Last dividend

$0.1100

Ex-dividend date

06/23/2026

Payment date

06/30/2026

How Dividend Vision calculates yield and returns

Distribution rate (3.22%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.47%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

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 51.5%.

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.

Frequently asked questions

More funds from Direxion.