AIBD vs. SPUU
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and SPUU (Direxion Daily S&P 500 Bull 2X ETF) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while SPUU is a Leveraged Equities fund tracking the S&P 500 Index (200% Daily). Both are passively managed. Over the past year, AIBD returned -50.84% vs 43.00% for SPUU. At a correlation of -0.80, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.60%/yr for SPUU.
Performance
AIBD vs. SPUU - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -29.34% return, which is significantly lower than SPUU's 13.33% return.
AIBD
- 1D
- 4.59%
- 1M
- -0.57%
- YTD
- -29.34%
- 6M
- -27.18%
- 1Y
- -50.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUU
- 1D
- -2.91%
- 1M
- -3.20%
- YTD
- 13.33%
- 6M
- 10.95%
- 1Y
- 43.00%
- 3Y*
- 34.33%
- 5Y*
- 18.44%
- 10Y*
- 24.81%
AIBD vs. SPUU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -29.34% | -49.15% | -34.56% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 13.33% | 26.55% | 21.47% |
Correlation
The correlation between AIBD and SPUU is -0.72, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.72 |
Correlation (All Time) Calculated using the full available price history since May 15, 2024 | -0.80 |
The correlation between AIBD and SPUU has been stable across timeframes, ranging from -0.80 to -0.72 - a consistent structural relationship.
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Return for Risk
AIBD vs. SPUU — Risk / Return Rank
AIBD
SPUU
AIBD vs. SPUU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and Direxion Daily S&P 500 Bull 2X ETF (SPUU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIBD | SPUU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.66 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.30 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 2.38 | -3.24 |
| Martin ratioReturn relative to average drawdown | -1.72 | 10.11 | -11.83 |
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Drawdowns
AIBD vs. SPUU - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for AIBD and SPUU.
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Drawdown Indicators
| AIBD | SPUU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -59.35% | -22.76% |
Max Drawdown (1Y)Largest decline over 1 year | -58.75% | -18.19% | -40.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.35% | — |
Current DrawdownCurrent decline from peak | -78.50% | -6.62% | -71.88% |
Average DrawdownAverage peak-to-trough decline | -48.87% | -9.48% | -39.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.08% | 4.27% | +27.81% |
Volatility
AIBD vs. SPUU - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 21.86% compared to Direxion Daily S&P 500 Bull 2X ETF (SPUU) at 9.70%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than SPUU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | SPUU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.86% | 9.70% | +12.16% |
Volatility (6M)Calculated over the trailing 6-month period | 40.59% | 19.93% | +20.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.13% | 25.22% | +28.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.30% | 33.67% | +23.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.30% | 35.81% | +21.49% |
AIBD vs. SPUU - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than SPUU's 0.60% expense ratio.
Dividends
AIBD vs. SPUU - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.81%, more than SPUU's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.81% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPUU Direxion Daily S&P 500 Bull 2X ETF | 1.42% | 1.63% | 0.55% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 4.42% |
Frequently Asked Questions
AIBD and SPUU have a correlation of -0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (21.86%) compared to SPUU (9.70%). In terms of maximum drawdown, AIBD dropped -82.11% vs SPUU's -59.35%.
On 1-year performance, SPUU leads with 43.00% vs -50.84% for AIBD. On fees, SPUU is cheaper at 0.60% per year. On volatility, SPUU has been the lower-risk option at 9.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SPUU has performed better with a 43.00% return vs -50.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPUU is cheaper with a 0.60% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.81%, compared with 1.42% for SPUU.
AIBD is categorized as Inverse Equities, while SPUU is Leveraged Equities. AIBD tracks Solactive US AI & Big Data Index, while SPUU tracks S&P 500 Index (200% Daily). Their fees differ too: 1.05% for AIBD and 0.60% for SPUU.
SPUU currently has the higher Sharpe Ratio (1.72 vs -0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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