SPDN vs. FXAIX
Compare and contrast key facts about Direxion Daily S&P 500 Bear 1x Shares (SPDN) and Fidelity 500 Index Fund (FXAIX).
SPDN is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index. It was launched on Jun 8, 2016. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPDN or FXAIX.
Key characteristics
| SPDN | FXAIX | |
|---|---|---|
| YTD Return | -15.13% | 26.92% |
| 1Y Return | -20.94% | 37.57% |
| 3Y Return (Ann) | -5.81% | 10.24% |
| 5Y Return (Ann) | -13.97% | 15.96% |
| Sharpe Ratio | -1.71 | 3.05 |
| Sortino Ratio | -2.50 | 4.06 |
| Omega Ratio | 0.73 | 1.57 |
| Calmar Ratio | -0.30 | 4.44 |
| Martin Ratio | -1.56 | 20.09 |
| Ulcer Index | 13.41% | 1.86% |
| Daily Std Dev | 12.21% | 12.28% |
| Max Drawdown | -70.57% | -33.79% |
| Current Drawdown | -70.49% | -0.28% |
Correlation
The correlation between SPDN and FXAIX is -0.99. 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.
Performance
SPDN vs. FXAIX - Performance Comparison
In the year-to-date period, SPDN achieves a -15.13% return, which is significantly lower than FXAIX's 26.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPDN vs. FXAIX - Expense Ratio Comparison
SPDN has a 0.50% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
SPDN vs. FXAIX - 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 Fidelity 500 Index Fund (FXAIX). 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.
Dividends
SPDN vs. FXAIX - Dividend Comparison
SPDN's dividend yield for the trailing twelve months is around 6.09%, more than FXAIX's 1.21% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPDN Direxion Daily S&P 500 Bear 1x Shares | 6.09% | 5.84% | 0.96% | 0.00% | 0.10% | 1.88% | 1.24% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
SPDN vs. FXAIX - Drawdown Comparison
The maximum SPDN drawdown since its inception was -70.57%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for SPDN and FXAIX. For additional features, visit the drawdowns tool.
Volatility
SPDN vs. FXAIX - Volatility Comparison
Direxion Daily S&P 500 Bear 1x Shares (SPDN) and Fidelity 500 Index Fund (FXAIX) have volatilities of 3.88% and 3.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.