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Direxion Daily S&P 500 Bear 1x Shares (SPDN)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US25460E8690

CUSIP

25460E869

Issuer

Direxion

Inception Date

Jun 8, 2016

Region

North America (U.S.)

Leveraged

1x

Index Tracked

S&P 500 Index

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Growth

Expense Ratio

SPDN features an expense ratio of 0.50%, falling within the medium range.


Expense ratio chart for SPDN: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Share Price Chart


Loading data...

Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
SPDN vs. SPXU SPDN vs. SH SPDN vs. VXZ SPDN vs. SPY SPDN vs. DGRO SPDN vs. FXAIX SPDN vs. SQQQ SPDN vs. QQQ SPDN vs. VOO SPDN vs. 1000
Popular comparisons:
SPDN vs. SPXU SPDN vs. SH SPDN vs. VXZ SPDN vs. SPY SPDN vs. DGRO SPDN vs. FXAIX SPDN vs. SQQQ SPDN vs. QQQ SPDN vs. VOO SPDN vs. 1000

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Direxion Daily S&P 500 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.


-50.00%0.00%50.00%100.00%150.00%200.00%JulyAugustSeptemberOctoberNovemberDecember
-68.32%
179.87%
SPDN (Direxion Daily S&P 500 Bear 1x Shares)
Benchmark (^GSPC)

Returns By Period

Direxion Daily S&P 500 Bear 1x Shares had a return of -13.88% year-to-date (YTD) and -14.08% in the last 12 months.


SPDN

YTD

-13.88%

1M

0.64%

6M

-4.90%

1Y

-14.08%

5Y*

-13.01%

10Y*

N/A

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

Monthly Returns

The table below presents the monthly returns of SPDN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.75%-4.32%-2.47%5.01%-4.07%-2.67%-0.51%-1.62%-1.52%1.61%-5.10%-13.88%
2023-5.51%3.01%-3.04%-1.03%0.20%-5.39%-2.45%2.30%5.71%2.76%-8.00%-3.78%-15.04%
20225.27%2.64%-4.15%9.14%-0.88%8.26%-8.51%4.30%10.13%-7.66%-5.33%6.48%18.63%
20210.92%-2.85%-4.65%-5.11%-0.86%-2.35%-2.40%-3.04%4.74%-6.63%0.61%-4.62%-23.72%
20200.11%8.63%6.15%-12.56%-4.87%-2.56%-5.60%-6.91%3.64%2.11%-10.02%-3.66%-24.56%
2019-7.40%-2.68%-1.65%-3.58%7.02%-6.28%-1.27%1.61%-1.64%-1.87%-3.38%-2.65%-21.94%
2018-5.26%3.52%2.40%-0.26%-2.12%-0.93%-2.81%-2.51%-0.52%7.06%-1.68%9.37%5.41%
2017-1.73%-3.68%-0.23%-0.97%-1.33%-0.71%-1.86%-0.21%-1.78%-2.18%-2.82%-1.15%-17.16%
20160.75%-3.64%-0.10%-0.05%1.71%-3.61%-2.06%-6.92%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of SPDN is 2, meaning it’s performing worse than 98% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of SPDN is 22
Overall Rank
The Sharpe Ratio Rank of SPDN is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of SPDN is 11
Sortino Ratio Rank
The Omega Ratio Rank of SPDN is 11
Omega Ratio Rank
The Calmar Ratio Rank of SPDN is 66
Calmar Ratio Rank
The Martin Ratio Rank of SPDN is 22
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Direxion Daily S&P 500 Bear 1x Shares (SPDN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for SPDN, currently valued at -1.20, compared to the broader market0.002.004.00-1.202.10
The chart of Sortino ratio for SPDN, currently valued at -1.75, compared to the broader market-2.000.002.004.006.008.0010.00-1.752.80
The chart of Omega ratio for SPDN, currently valued at 0.81, compared to the broader market0.501.001.502.002.503.000.811.39
The chart of Calmar ratio for SPDN, currently valued at -0.21, compared to the broader market0.005.0010.0015.00-0.213.09
The chart of Martin ratio for SPDN, currently valued at -1.39, compared to the broader market0.0020.0040.0060.0080.00100.00-1.3913.49
SPDN
^GSPC

The current Direxion Daily S&P 500 Bear 1x Shares Sharpe ratio is -1.20. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Direxion Daily S&P 500 Bear 1x Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-1.20
2.10
SPDN (Direxion Daily S&P 500 Bear 1x Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Direxion Daily S&P 500 Bear 1x Shares provided a 4.07% dividend yield over the last twelve months, with an annual payout of $0.45 per share.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.20$0.40$0.60$0.802017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017
Dividend$0.45$0.78$0.16$0.00$0.02$0.46$0.39$0.13

Dividend yield

4.07%5.84%0.96%0.00%0.10%1.88%1.24%0.42%

Monthly Dividends

The table displays the monthly dividend distributions for Direxion Daily S&P 500 Bear 1x Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.14$0.00$0.00$0.16$0.00$0.00$0.15$0.00$0.00$0.00$0.45
2023$0.00$0.00$0.09$0.00$0.00$0.27$0.00$0.00$0.21$0.00$0.00$0.21$0.78
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03$0.00$0.00$0.13$0.16
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.02$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.02
2019$0.00$0.00$0.15$0.00$0.00$0.12$0.00$0.00$0.11$0.00$0.00$0.07$0.46
2018$0.00$0.00$0.03$0.00$0.00$0.14$0.00$0.00$0.11$0.00$0.00$0.11$0.39
2017$0.04$0.00$0.00$0.04$0.00$0.00$0.05$0.13

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.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-70.06%
-2.62%
SPDN (Direxion Daily S&P 500 Bear 1x Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Direxion Daily S&P 500 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 S&P 500 Bear 1x Shares was 70.87%, occurring on Dec 4, 2024. The portfolio has not yet recovered.

The current Direxion Daily S&P 500 Bear 1x Shares drawdown is 70.06%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-70.87%Jun 28, 20162124Dec 4, 2024
-2.37%Jun 17, 20165Jun 23, 20161Jun 24, 20166

Volatility

Volatility Chart

The current Direxion Daily S&P 500 Bear 1x Shares volatility is 3.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.77%
3.79%
SPDN (Direxion Daily S&P 500 Bear 1x Shares)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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