Direxion FundsInverse EquitySPDN · NYSE Arca

Direxion Daily S&P 500 Bear 1X ETF (SPDN)

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Price: $8.58; —11 Sept 2026
Assets: $233.2M; Total net assets
Expense ratio: 0.48%; Category 0.00%
Yield: 3.41%; Trailing distributions

1Y return: -10.0%+23.3%; Category -33.3%
3Y CAGR: -12.0%+22.2%; Category -34.2%
5Y CAGR: -7.8%+18.0%; Category -25.8%

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Direxion Daily S&P 500 Bear 1X ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+1.7%	-1.8%	-11.6%	-7.8%	-10.0%	-12.0%	-7.8%	-12.4%	-12.3%
Inverse Equity average	-2.0%	-14.2%	-35.6%	-33.6%	-33.3%	-34.2%	-25.8%	-30.0%	-42.1%
Difference	+3.7%	+12.3%	+24.0%	+25.8%	+23.3%	+22.2%	+18.0%	+17.5%	+29.8%

Holdings

This ETF publishes no holdings breakdown.

ETF details

Issuer: Direxion Funds
Category: Equity · Inverse Equity
Ticker: SPDN
Exchange: NYSE Arca
Inception: 8 Jun 2016 (10.3 years)
Structure: Exchange Traded Fund
Expense ratio: 0.48% (category 0.00%)
Holdings turnover: 0%
Distribution yield: 3.41%
Beta, 3 years: -0.96
Total net assets: $233.2M

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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