Direxion Daily BA Bear 1X Shares (BOED)

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The chart shows the growth of an initial investment of $10,000 in Direxion Daily BA Bear 1X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Based on dividend-adjusted daily data since Apr 23, 2025, BOED's average daily return is -0.05%, while the average monthly return is -1.05%.

Historically, 42% of months were positive and 58% were negative. The best month was Mar 2026 with a return of +13.3%, while the worst month was Dec 2025 at -13.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.

On a daily basis, BOED closed higher 49% of trading days. The best single day was Oct 30, 2025 with a return of +6.3%, while the worst single day was Dec 2, 2025 at -10.2%.

Direxion Daily BA Bear 1X Shares has an annualized alpha of 6.63%, beta of -0.93, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since April 24, 2025.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -11.75%), but participation in market rallies was also limited (-51.14%) — a profile typical of counter-cyclical assets.
• Beta of -0.93 may look defensive, but with R² of 0.15 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.15 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BOED has a high expense ratio of 0.97%, indicating above-average management fees.

The table below present risk-adjusted performance metrics for Direxion Daily BA Bear 1X Shares (BOED) and compare them to a chosen benchmark (S&P 500 Index).

Direxion Daily BA Bear 1X Shares provided a 3.07% dividend yield over the last twelve months, with an annual payout of $0.59 per share.

The table displays the monthly dividend distributions for Direxion Daily BA Bear 1X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Direxion Daily BA Bear 1X 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 BA Bear 1X Shares was 32.76%, occurring on Jan 23, 2026. The portfolio has not yet recovered.

The current Direxion Daily BA Bear 1X Shares drawdown is 15.50%.

The chart below shows the rolling one-month volatility.