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SPDN vs. DGRO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPDN and DGRO is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.9

Performance

SPDN vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bear 1x Shares (SPDN) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
-3.70%
6.16%
SPDN
DGRO

Key characteristics

Sharpe Ratio

SPDN:

-1.06

DGRO:

1.59

Sortino Ratio

SPDN:

-1.54

DGRO:

2.24

Omega Ratio

SPDN:

0.83

DGRO:

1.29

Calmar Ratio

SPDN:

-0.19

DGRO:

2.64

Martin Ratio

SPDN:

-1.24

DGRO:

9.76

Ulcer Index

SPDN:

10.72%

DGRO:

1.60%

Daily Std Dev

SPDN:

12.55%

DGRO:

9.82%

Max Drawdown

SPDN:

-70.87%

DGRO:

-35.10%

Current Drawdown

SPDN:

-69.73%

DGRO:

-5.92%

Returns By Period

In the year-to-date period, SPDN achieves a -12.95% return, which is significantly lower than DGRO's 15.46% return.


SPDN

YTD

-12.95%

1M

0.91%

6M

-3.38%

1Y

-12.76%

5Y*

-12.84%

10Y*

N/A

DGRO

YTD

15.46%

1M

-3.02%

6M

6.16%

1Y

17.40%

5Y*

10.29%

10Y*

11.19%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SPDN vs. DGRO - Expense Ratio Comparison

SPDN has a 0.50% expense ratio, which is higher than DGRO's 0.08% expense ratio.


SPDN
Direxion Daily S&P 500 Bear 1x Shares
Expense ratio chart for SPDN: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for DGRO: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%

Risk-Adjusted Performance

SPDN vs. DGRO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bear 1x Shares (SPDN) and iShares Core Dividend Growth ETF (DGRO). 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.


Sharpe ratio
The chart of Sharpe ratio for SPDN, currently valued at -1.02, compared to the broader market0.002.004.00-1.021.59
The chart of Sortino ratio for SPDN, currently valued at -1.47, compared to the broader market-2.000.002.004.006.008.0010.00-1.472.24
The chart of Omega ratio for SPDN, currently valued at 0.84, compared to the broader market0.501.001.502.002.503.000.841.29
The chart of Calmar ratio for SPDN, currently valued at -0.18, compared to the broader market0.005.0010.0015.00-0.182.64
The chart of Martin ratio for SPDN, currently valued at -1.19, compared to the broader market0.0020.0040.0060.0080.00100.00-1.199.76
SPDN
DGRO

The current SPDN Sharpe Ratio is -1.06, which is lower than the DGRO Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of SPDN and DGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-1.02
1.59
SPDN
DGRO

Dividends

SPDN vs. DGRO - Dividend Comparison

SPDN's dividend yield for the trailing twelve months is around 5.93%, more than DGRO's 2.28% yield.


TTM2023202220212020201920182017201620152014
SPDN
Direxion Daily S&P 500 Bear 1x Shares
5.93%5.84%0.96%0.00%0.10%1.88%1.24%0.42%0.00%0.00%0.00%
DGRO
iShares Core Dividend Growth ETF
2.28%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%0.97%

Drawdowns

SPDN vs. DGRO - Drawdown Comparison

The maximum SPDN drawdown since its inception was -70.87%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SPDN and DGRO. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-69.73%
-5.92%
SPDN
DGRO

Volatility

SPDN vs. DGRO - Volatility Comparison

Direxion Daily S&P 500 Bear 1x Shares (SPDN) has a higher volatility of 3.59% compared to iShares Core Dividend Growth ETF (DGRO) at 3.31%. This indicates that SPDN's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
3.59%
3.31%
SPDN
DGRO
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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