SPDN ETF Report: Ratings, Analysis, Quotes, Holdings

Competing ETFs: SH, SDS, SPXU, SPXS, SQQQ

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

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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 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

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PERFORMANCE [as of 02/26/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

SPDN 5.42% 0.54% 3.35% -10.13% -9.31% -- --

SPDN (NAV) 5.45% 0.61% 3.45% -10.13% -9.27% -- --

S&P 500 -5.26% -0.30% -3.27% 13.76% 11.78% 10.34% --

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%

$18.87M

0.04%

Fund Home Page

SPDN Portfolio Data

1.83%

03/24/20

SPDN Index Data

S&P 500

Market Cap

Committee

N/A

SPDN Fund Structure

Yes

No Policy

N/A

High

-1

Leverage Reset Frequency Daily

SPDN Tax Exposures

20.00% / 39.60%

Cboe Book Viewer

Top Of Book

Last 10 Trades

Bats BZX Real-time Quote -

SPDN Factset Analytics Block Liquidity

As of 02/27/20

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.

SPDN Tradability

33,074

$795.52K

18,293

$443.53K

0.04%

$0.01

0.00%

0.25% / -0.12%

None

0.00%

50,000

0.37

0.00%

$25.26

N/A

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