SPDN ETF Report: Ratings, Analysis, Quotes, Holdings

Popular SPDN Comparisons: SPDN vs SH, SPDN vs SPXU, SPDN vs SDS, SPDN vs SPXS, SPDN vs SQQQ

Related ETF Channels: Large Cap, Size and Style, Equity, S&P 500, U.S., Vanilla, North America, Inverse, Broad-based

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*Unless otherwise stated, data provided by FactSet.

SPDN Fund Description

SPDN provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 US large-cap firms selected by the S&P’s index committee.

SPDN Factset Analytics Insight

SPDN offers a one-day bet against the S&P 500. With its committee-selected holdings across various industry groups, the index effectively captures the US large-cap space. This covers approximately 80% of the US investable universe. The constituents are then market-cap-weighted and rebalanced on a quarterly basis. Like most geared ETFs, the fund is designed to deliver its inverse exposure to the underlying index for one trading day only. Long-term returns could materially differ from those of the underlying index due to daily compounding. As such, SPDN is inherently a short-term tactical instrument and not a long-term investment vehicle.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

SPDN -8.12% -1.27% 10.39% 1.17% -16.78% -13.60% --

SPDN (NAV) -8.12% -1.26% 10.39% 1.08% -16.78% -13.60% --

S&P 500 8.73% -0.06% -12.05% -4.67% 14.18% 12.94% 13.79%

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

SPDN Summary Data

Direxion

06/08/16

Open-Ended Fund

0.49%

$379.62M

0.06%

SH, SPXU, SDS, SPXS

Fund Home Page

SPDN Portfolio Data

0.10%

N/A

SPDN Index Data

S&P 500

Market Cap

Committee

N/A

SPDN Fund Structure

Yes

-- / --

N/A

Low

-1

Leverage Reset Frequency Daily

SPDN Tax Exposures

20.00% / 39.60%

SPDN Factset Analytics Block Liquidity

As of 08/04/22

This measurement shows how easy it is to trade a $1 million USD block of SPDN. SPDN is rated a 5 out of 5.

SPDN Tradability

3,869,804

$64.46M

3,614,481

$60.83M

0.06%

$0.01

0.00%

1.66% / -0.17%

None

99.00%

50,000

72.29

0.00%

3,095

$15.51

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