ETF Education Report: AXS 1.5X PYPL Bear Daily ETF (PYPS)

What this ETF is trying to do

The AXS 1.5X PYPL Bear Daily ETF (ticker: PYPS) is an "inverse" ETF. This means it is designed to move in the opposite direction of a specific stock. Based on its name, this fund seeks to provide a different result than the performance of PayPal (PYPL).

What the numbers show

As of October 5, 2026, the current price of PYPS is $39.80. An estimated price from roughly one year ago was also $39.80.

When looking at performance, it is important to distinguish between different types of returns:

• Price Return: This measures only the change in the share price. For this ETF, the year-to-date (YTD) price return, one-year price return, and three-year price return are all 0%.

• Total Return: This measures the share price change plus any cash distributions. For this ETF, the YTD, one-year, and three-year total return data were not supplied.

Income and distribution explanation

Some investors look for ETFs that pay them cash regularly, known as distributions. This ETF has a distribution yield of 0%. No distributions were detected over the last 12 months. Because there are no payouts, this fund is not currently providing cash income to investors.

NAV erosion explanation

"NAV erosion" refers to a decline in the Net Asset Value, which is the actual value of the assets held by the fund. While a falling share price can sometimes be a sign of erosion, we look at specific risk scores to understand this better.

The StockValueFinder erosion-risk score for PYPS is 94. This is labeled as "Stable / sideways," and the erosion severity is rated as "good." There is no severe erosion-risk flag for this ETF.

Pros

• The fund shows a "good" erosion-severity rating, meaning the risk of value loss measured by our score is currently low.

• The price has remained steady compared to the estimated price from one year ago.

Cons

• The fund does not provide any cash distributions or income.

• There is no data supplied regarding the fund's top holdings or portfolio exposure.

Beginner takeaway

The PYPS ETF is an inverse fund, meaning it is built to move opposite to a specific stock. Currently, the share price has remained flat compared to its estimated price from one year ago. It does not pay out any cash distributions, and its erosion-risk score suggests the price movement has been stable or sideways.