SPDNDirexion Daily S&P 500 Bear 1X Shares
SPDN Fund Description
SPDN provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 large- and midcap US firms selected by the S&P Index Committee.
SPDN Factset Analytics Insight
SPDN provides a 1-day bet against the S&P 500. Like most geared ETFs, the fund is designed to deliver its inverse exposure to the underlying index for one trading day only. Holding it for a period longer than that will introduce the effects of compounding, even if this is less pronounced than in a leveraged product. As such, SPDN is inherently a short-term tactical play.SPDN's exposure is identical to that of its direct rival, SH. SPDN charges a lower fee than SH, but the short-term nature of both funds means that trading expenses and liquidity are likely to be the greater concern. SH has established a large and liquid market over the course of a decade, so SPDN (launched in June 2016) faces strong competition.
SPDN Charts And Performance
SPDN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SPDN. SPDN is rated a N/A out of 5.