SPDN vs. SDS
Compare and contrast key facts about Direxion Daily S&P 500 Bear 1x Shares (SPDN) and ProShares UltraShort S&P500 (SDS).
SPDN and SDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SDS is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-200%). It was launched on Jul 11, 2006. Both SPDN and SDS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPDN or SDS.
Correlation
The correlation between SPDN and SDS 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. SDS - Performance Comparison
Key characteristics
SPDN:
-0.23
SDS:
-0.43
SPDN:
-0.19
SDS:
-0.39
SPDN:
0.97
SDS:
0.95
SPDN:
-0.06
SDS:
-0.17
SPDN:
-0.48
SDS:
-0.82
SPDN:
9.31%
SDS:
20.09%
SPDN:
19.35%
SDS:
38.50%
SPDN:
-70.87%
SDS:
-99.77%
SPDN:
-67.59%
SDS:
-99.73%
Returns By Period
In the year-to-date period, SPDN achieves a 7.01% return, which is significantly lower than SDS's 9.84% return.
SPDN
7.01%
4.00%
6.90%
-3.30%
-12.28%
N/A
SDS
9.84%
5.39%
8.18%
-14.65%
-27.42%
-24.34%
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SPDN vs. SDS - Expense Ratio Comparison
SPDN has a 0.50% expense ratio, which is lower than SDS's 0.91% expense ratio.
Risk-Adjusted Performance
SPDN vs. SDS — Risk-Adjusted Performance Rank
SPDN
SDS
SPDN vs. SDS - 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 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.
Dividends
SPDN vs. SDS - Dividend Comparison
SPDN's dividend yield for the trailing twelve months is around 4.49%, less than SDS's 6.75% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SPDN Direxion Daily S&P 500 Bear 1x Shares | 4.49% | 5.32% | 5.84% | 0.96% | 0.00% | 0.10% | 1.88% | 1.24% | 0.42% |
SDS ProShares UltraShort S&P500 | 6.75% | 7.89% | 5.77% | 0.35% | 0.00% | 0.55% | 1.84% | 1.28% | 0.09% |
Drawdowns
SPDN vs. SDS - Drawdown Comparison
The maximum SPDN drawdown since its inception was -70.87%, smaller than the maximum SDS drawdown of -99.77%. Use the drawdown chart below to compare losses from any high point for SPDN and SDS. For additional features, visit the drawdowns tool.
Volatility
SPDN vs. SDS - Volatility Comparison
The current volatility for Direxion Daily S&P 500 Bear 1x Shares (SPDN) is 14.64%, while ProShares UltraShort S&P500 (SDS) has a volatility of 29.59%. This indicates that SPDN experiences smaller price fluctuations and is considered to be less risky than SDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.