SPDN

Direxion Daily S&P 500 Bear 1X Shares
*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

  • 1 Month
  • 3 Months
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  • 1 Year
  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 06/02/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
SPDN -8.64% -8.73% -5.11% -19.01% -10.82% -- --
ticker (NAV) -8.62% -8.64% -5.09% -19.03% -10.85% -- --
S&P 500 9.08% 0.23% -3.82% 14.20% 10.27% 10.10% --
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
0.50%
$162.32M
0.06%

SPDN Portfolio Data

1.39%
06/23/20

SPDN Index Data

S&P 500
Market Cap
Committee
N/A

SPDN Fund Structure

Yes
No
No Policy
N/A
N/A
Low
-1
Daily

SPDN Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

SPDN Factset Analytics Block Liquidity

As of 06/03/20
5
4
3
2
1

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

597,709
$15.29M
603,605
$15.56M
0.06%
$0.01
0.00%
0.52% / -0.40%
None
0.00%
50,000
12.07
0.00%
--
1,309
$23.16
N/A