SPDN · Direxion Daily S&P 500 Bear 1X ETF
Issuer: Direxion
A U.S.-listed inverse ETF seeking -100% of the DAILY performance of the S&P 500 Index before fees and expenses. Its exposure resets daily, so returns over longer periods may differ materially from the simple inverse of the index’s cumulative return. Intended primarily for short-term bearish positioning or hedging, the fund can lose substantial value during prolonged equity bull markets.
ETF · US ETF average
Long-term returns ★☆☆☆☆☆☆☆☆☆ Five-year cumulative total return near -29.5%.
Stability ★★★☆☆☆☆☆☆☆ Five-year maximum price drawdown near 53.6%.
Costs ★★★★★★☆☆☆☆ Gross expense ratio 0.54%; net 0.48%.
Upside potential ★★★★☆☆☆☆☆☆ Best annual total return: 18.6% in 2022.
Liquidity ★★★★★★★★★☆ Average daily dollar turnover around $350 million.
Performance
1-month total return: 3%
1-year total return: -6%
5-year total return: -30%
Stability
1-month MDD: -3%
1-year MDD: -19%
5-year MDD: -54%