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% | 35.32M | Mar 2024 | SPDN vs QQQD | |
| ProShares Decline of the Retail Store ETF | 0.66% | 2.94M | Nov 2017 | SPDN vs EMTY | |
| Tradr Short Innovation Daily ETF | 0.75% | 46.76M | Nov 2021 | SPDN vs SARK | |
| Tuttle Capital Daily 2X Inverse Regional Banks ETF | 0.75% | 7.22M | Jan 2024 | SPDN vs SKRE | |
| ProShares Short S&P500 | 0.89% | 927.71M | Jun 2006 | SPDN vs SH |
Best Risk-Adjusted Alternatives to SPDN
SPDN has a PortfoliosLab risk / return rank of 3. There are 38 ETFs in the Inverse Equities category with higher risk-adjusted ranks, going as high as 61.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | 61 | 97.46M | Sep 2024 | SPDN vs MSTZ | |
| Direxion Daily NFLX Bear 1X Shares | 58 | 4.71M | Oct 2024 | SPDN vs NFXS | |
| Defiance Daily Target 2X Short MSTR ETF | 52 | 28.39M | Aug 2024 | SPDN vs SMST | |
| YieldMax Short COIN Option Income Strategy ETF | 45 | 36.86M | Jul 2024 | SPDN vs FIAT | |
| Direxion Daily META Bear 1X ETF | 32 | 11.16M | Jun 2024 | SPDN vs METD |
Top Performing SPDN Alternatives (YTD)
SPDN is at -6.42% YTD. There are 24 ETFs in the Inverse Equities category with higher YTD returns, going as high as 49.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Tradr 2X Short TSLA Daily ETF | 49.23% | 110.91M | Jul 2022 | SPDN vs TSLQ | |
| GraniteShares 2x Short TSLA Daily ETF | 47.87% | 33.39M | Aug 2023 | SPDN vs TSDD | |
| T-Rex 2X Inverse Tesla Daily Target ETF | 45.39% | 34.80M | Oct 2023 | SPDN vs TSLZ | |
| Direxion Daily TSLA Bear 1X ETF | 33.30% | 81.35M | Aug 2022 | SPDN vs TSLS | |
| Direxion Daily PLTR Bear 1X Shares | 26.78% | 40.54M | Dec 2024 | SPDN vs PLTD |
Lowest Volatility Alternatives to SPDN
SPDN has 12.98% 1-year volatility. There are 3 ETFs in the Inverse Equities category with lower 1-year volatility, going as low as 12.25%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily BRKB Bear 1X Shares | 12.25% | 2.34M | Dec 2024 | SPDN vs BRKD | |
| ProShares Short Dow30 | 12.59% | 100.13M | Jun 2006 | SPDN vs DOG | |
| ProShares Short S&P500 | 12.81% | 927.71M | Jun 2006 | SPDN vs SH | |
| Gotham Short Strategies ETF | 14.17% | 12.30M | Jul 2017 | SPDN vs SHRT | |
| YieldMax Short N100 Option Income Strategy ETF | 14.30% | 15.57M | Aug 2024 | SPDN vs YQQQ |
Lowest Drawdown Alternatives to SPDN
SPDN has a 1-year max drawdown of -15.93%. There are 4 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 FTSE China 50 | -13.55% | 4.55M | Mar 2010 | SPDN vs YXI | |
| ProShares Decline of the Retail Store ETF | -13.91% | 2.94M | Nov 2017 | SPDN vs EMTY | |
| ProShares Short Dow30 | -15.02% | 100.13M | Jun 2006 | SPDN vs DOG | |
| ProShares Short Financials | -15.98% | 13.16M | Jun 2008 | SPDN vs SEF |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $20B.
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