Direxion Daily S&P 500 Bear 1x Shares (SPDN)
SPDN is a passive ETF by Direxion tracking the investment results of the S&P 500 Index. SPDN launched on Jun 8, 2016 and has a 0.50% expense ratio.
ETF Info
| ISIN | US25460E8690 |
|---|---|
| CUSIP | 25460E869 |
| Issuer | Direxion |
| Inception Date | Jun 8, 2016 |
| Region | North America (U.S.) |
| Category | Inverse Equities |
| Index Tracked | S&P 500 Index |
| Home Page | www.direxion.com |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Growth |
Expense Ratio
The Direxion Daily S&P 500 Bear 1x Shares has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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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.
Returns By Period
Direxion Daily S&P 500 Bear 1x Shares had a return of -3.13% year-to-date (YTD) and -14.29% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.13% | 6.92% |
| 1 month | 3.75% | -2.83% |
| 6 months | -15.31% | 23.86% |
| 1 year | -14.29% | 23.33% |
| 5 years (annualized) | -12.55% | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.75% | -4.32% | -2.47% | |||||||||
| 2023 | 5.71% | 2.76% | -8.00% | -3.79% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Direxion Daily S&P 500 Bear 1x Shares(SPDN)
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.
Dividends
Dividend History
Direxion Daily S&P 500 Bear 1x Shares granted a 6.46% dividend yield in the last twelve months. The annual payout for that period amounted to $0.82 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.82 | $0.78 | $0.16 | $0.00 | $0.02 | $0.46 | $0.39 | $0.13 |
Dividend yield | 6.46% | 5.84% | 0.96% | 0.00% | 0.10% | 1.89% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.14 | |||||||||
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2017 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 67.80%, occurring on Mar 21, 2024. The portfolio has not yet recovered.
The current Direxion Daily S&P 500 Bear 1x Shares drawdown is 66.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -67.8% | Jun 28, 2016 | 1946 | Mar 21, 2024 | — | — | — |
| -2.37% | Jun 17, 2016 | 5 | Jun 23, 2016 | 1 | Jun 24, 2016 | 6 |
Volatility
Volatility Chart
The current Direxion Daily S&P 500 Bear 1x Shares volatility is 3.58%, 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.