Direxion Daily S&P 500 Bear 1x Shares (SPDN) belongs to the Inverse Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SPDN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPDN
SPDN charges 0.50% annually. No ETFs in the Inverse Equities category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.57%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Magnificent 7 Bear 1X Shares | 0.57% | 27.70M | Mar 2024 | SPDN vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 3.01M | Nov 2017 | SPDN vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 56.18M | Nov 2021 | SPDN vs SARK | |
| ProShares Short S&P500 | 0.90% | 981.01M | Jun 2006 | SPDN vs SH | |
| MicroSectors Gold Miners -3X Inverse Leveraged ETN... | 0.95% | 107.09M | Dec 2020 | SPDN vs GDXD |
Best Risk-Adjusted Alternatives to SPDN
SPDN has a PortfoliosLab risk / return rank of 1. There are 43 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 31.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | 31 | 5.31M | Oct 2024 | SPDN vs NFXS | |
| Volatility Shares -1x Short VIX Futures ETF | 26 | 215.09M | Mar 2022 | SPDN vs SVIX | |
| T-REX 2X Inverse MSTR Daily Target ETF | 26 | 118.12M | Sep 2024 | SPDN vs MSTZ | |
| Direxion Daily BRKB Bear 1X Shares | 20 | 2.34M | Dec 2024 | SPDN vs BRKD | |
| Defiance Daily Target 2X Short MSTR ETF | 18 | 30.99M | Aug 2024 | SPDN vs SMST |
Top Performing SPDN Alternatives (YTD)
SPDN is at -7.81% YTD. There are 22 ETFs in the Inverse Equities category with higher YTD returns, going as high as 9.13%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Short COIN Option Income Strategy ETF | 9.13% | 35.89M | Jul 2024 | SPDN vs FIAT | |
| Direxion Daily NFLX Bear 1X Shares | 8.89% | 5.31M | Oct 2024 | SPDN vs NFXS | |
| ProShares Short Financials | 7.71% | 15.40M | Jun 2008 | SPDN vs SEF | |
| Direxion Daily MSFT Bear 1X Shares | 6.94% | 13.89M | Sep 2022 | SPDN vs MSFD | |
| Direxion Daily PLTR Bear 1X Shares | 6.19% | 40.54M | Dec 2024 | SPDN vs PLTD |
Lowest Volatility Alternatives to SPDN
SPDN has 12.10% 1-year volatility. There are 2 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| -1x Short VIX Mid-Term Futures Strategy ETF | 0.00% | 12.30M | Apr 2023 | SPDN vs ZIVB | |
| ProShares Short S&P500 | 11.80% | 981.01M | Jun 2006 | SPDN vs SH | |
| ProShares Short Dow30 | 12.13% | 108.72M | Jun 2006 | SPDN vs DOG | |
| YieldMax Short N100 Option Income Strategy ETF | 12.51% | 13.26M | Aug 2024 | SPDN vs YQQQ | |
| Gotham Short Strategies ETF | 13.04% | 12.30M | Jul 2017 | SPDN vs SHRT |
Lowest Drawdown Alternatives to SPDN
SPDN has a 1-year max drawdown of -17.95%. There are 8 ETFs in the Inverse Equities category with shallower 1-year drawdowns, going as shallow as -9.34%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | -9.34% | 2.34M | Dec 2024 | SPDN vs BRKD | |
| ProShares Short Financials | -9.72% | 15.40M | Jun 2008 | SPDN vs SEF | |
| AdvisorShares Ranger Equity Bear ETF | -12.26% | 63.43M | Jan 2011 | SPDN vs HDGE | |
| ProShares Decline of the Retail Store ETF | -14.00% | 3.01M | Nov 2017 | SPDN vs EMTY | |
| ProShares Short Dow30 | -14.63% | 108.72M | Jun 2006 | SPDN vs DOG |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TMF and span 6 categories. AUM among these funds goes as high as $23B.
Often Compared With SPDN
Investors most often compare SPDN with SPY, SPXU, SDS. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare SPDN with Any Fund or Stock
Compare SPDN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPDN with funds that move differently
Direxion Daily S&P 500 Bear 1x Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPDN.
Explore SPDN Diversifiers