- Issuer
- Direxion
- Inception Date
- May 15, 2024
- Category
- Inverse Equities
- Leveraged
- -2x
- Index Tracked
- Solactive US AI & Big Data Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $4M
Share Price Chart
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Performance
AIBD Performance Chart
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) is down 31.0% since the beginning of the year. AIBD is currently trading at $5 per share.
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Returns By Period
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has returned -31.01% so far this year and -51.93% over the past 12 months.
Direxion Daily AI and Big Data Bear 2X Shares
- 1D
- 2.31%
- 1M
- -8.68%
- YTD
- -31.01%
- 6M
- -34.87%
- 1Y
- -51.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
AIBD Monthly Returns History
Based on dividend-adjusted daily data since May 15, 2024, AIBD's average daily return is -0.21%, while the average monthly return is -4.51%.
Historically, 42% of months were positive and 58% were negative. The best month was Mar 2025 with a return of +20.3%, while the worst month was Apr 2026 at -34.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, AIBD closed higher 44% of trading days. The best single day was Apr 4, 2025 with a return of +13.6%, while the worst single day was Apr 9, 2025 at -27.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.72% | 17.13% | 7.55% | -34.84% | -26.19% | 10.86% | -31.01% | ||||||
| 2025 | -6.55% | 7.43% | 20.25% | -14.62% | -21.42% | -19.59% | -10.58% | -2.42% | -11.78% | -16.56% | 12.51% | 8.04% | -49.15% |
| 2024 | 1.57% | -12.62% | 2.10% | -0.99% | -11.45% | 0.44% | -16.68% | -1.57% | -34.56% |
Benchmark Metrics
Direxion Daily AI and Big Data Bear 2X Shares has an annualized alpha of 0.50%, beta of -3.03, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since May 15, 2024.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -403.60%), but participation in market rallies was also limited (-159.72%) - a profile typical of counter-cyclical assets.
- Beta of -3.03 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.50%
- Beta
- -3.03
- R²
- 0.74
- Upside Capture
- -159.72%
- Downside Capture
- -403.60%
Expense Ratio
AIBD has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AIBD ranks 1 for risk / return — in the bottom 1% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.91 | ||
| Sortino ratioReturn per unit of downside risk | -4.16 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.35 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.65 | -3.52 |
| Martin ratioReturn relative to average drawdown | -1.60 | 11.88 | -13.48 |
Dividends
Dividend History
Direxion Daily AI and Big Data Bear 2X Shares provided a 5.05% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.27 | $0.34 | $0.56 |
Dividend yield | 5.05% | 4.37% | 3.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily AI and Big Data Bear 2X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.34 |
| 2024 | $0.13 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.18 | $0.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily AI and Big Data Bear 2X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily AI and Big Data Bear 2X Shares was 82.11%, occurring on Jun 2, 2026. The portfolio has not yet recovered.
The current Direxion Daily AI and Big Data Bear 2X Shares drawdown is 79.01%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -82.11%Jun 2026 | 1y 10mo | — | 1y 10moAug 2024 - now |
2024 bear market2024 | -21.52%Jul 2024 | 1mo 10d | 23d | 2mo 3dMay 2024 - Aug 2024 |
2024 pullback2024 | -4.34%May 2024 | 13d | 2d | 15dMay 2024 - May 2024 |
Drawdown Indicators
| AIBD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -56.78% | -25.33% |
Max Drawdown (1Y)Largest decline over 1 year | -59.71% | -9.10% | -50.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -79.01% | -2.49% | -76.52% |
Average DrawdownAverage peak-to-trough decline | -48.69% | -10.72% | -37.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.47% | 2.03% | +30.44% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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