LINT vs. SDS

Last updated Jun 24, 2026

LINT (Direxion Daily INTC Bull 2X Shares) and SDS (ProShares UltraShort S&P500) are both Leveraged Equities funds. LINT is actively managed, while SDS is passively managed. At a correlation of -0.45, they often move in opposite directions. LINT charges 0.97%/yr vs 0.91%/yr for SDS.

Performance

LINT vs. SDS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily INTC Bull 2X Shares (LINT) and ProShares UltraShort S&P500 (SDS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LINT achieves a 744.89% return, which is significantly higher than SDS's -12.83% return.

LINT

• 1D: -12.86%
• 1M: 11.99%
• YTD: 744.89%
• 6M: 773.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDS

• 1D: 2.84%
• 1M: 2.91%
• YTD: -12.83%
• 6M: -11.09%
• 1Y: -30.33%
• 3Y*: -27.00%
• 5Y*: -20.88%
• 10Y*: -27.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LINT vs. SDS - Yearly Performance Comparison

	2026 (YTD)	2025
LINT Direxion Daily INTC Bull 2X Shares	744.89%	5.81%
SDS ProShares UltraShort S&P500	-12.83%	-5.96%

Correlation

The correlation between LINT and SDS is -0.45, 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 (All Time) Calculated using the full available price history since Nov 19, 2025	-0.45

LINT vs. SDS - Sectors Allocation Comparison

Sectors	LINT	SDS
Technology	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	103.7%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

LINT vs. SDS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LINT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SDS

SDS Risk / Return Rank: 1
SDS Sharpe Ratio Rank: 0
SDS Sortino Ratio Rank: 1
SDS Omega Ratio Rank: 1
SDS Calmar Ratio Rank: 1
SDS Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LINT vs. SDS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily INTC Bull 2X Shares (LINT) and ProShares UltraShort S&P500 (SDS). 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.

	LINT	SDS	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.22	—
Sortino ratio: Return per unit of downside risk	—	-1.85	—
Omega ratio: Gain probability vs. loss probability	—	0.80	—
Calmar ratio: Return relative to maximum drawdown	—	-0.92	—
Martin ratio: Return relative to average drawdown	—	-1.65	—

Drawdowns

LINT vs. SDS - Drawdown Comparison

The maximum LINT drawdown since its inception was -49.54%, smaller than the maximum SDS drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for LINT and SDS.

Drawdown Indicators

	LINT	SDS	Difference
Max Drawdown Largest peak-to-trough decline	-49.54%	-99.85%	+50.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-33.08%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-68.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-75.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-96.48%	—
Current Drawdown Current decline from peak	-12.86%	-99.84%	+86.98%
Average Drawdown Average peak-to-trough decline	-20.48%	-82.76%	+62.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.05%	—

Volatility

Volatility by Period

	LINT	SDS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	168.83%	24.92%	+143.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	168.83%	33.84%	+134.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	168.83%	35.85%	+132.98%

LINT vs. SDS - Expense Ratio Comparison

LINT has a 0.97% expense ratio, which is higher than SDS's 0.91% expense ratio.

Dividends

LINT vs. SDS - Dividend Comparison

LINT's dividend yield for the trailing twelve months is around 0.10%, less than SDS's 5.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LINT Direxion Daily INTC Bull 2X Shares	0.10%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDS ProShares UltraShort S&P500	5.51%	5.88%	7.89%	5.77%	0.35%	0.00%	0.92%	1.84%	1.28%	0.09%

Frequently Asked Questions

Can I hold both LINT and SDS in my portfolio?

LINT and SDS have a correlation of -0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LINT or SDS?

On fees, SDS is cheaper at 0.91% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LINT or SDS?

SDS is cheaper with a 0.91% expense ratio, compared with 0.97% for LINT.

Which ETF pays a higher dividend yield, LINT or SDS?

SDS has the higher dividend yield at 5.51%, compared with 0.10% for LINT.

What is the main difference between LINT and SDS?

They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.97% for LINT and 0.91% for SDS.