Skip to Content
ETFs

Direxion Daily S&P 500 Bear 1X Shares

SPDN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 08 2016
Expense Ratio
0.45%
Type
US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$63,467,444
AUM
$235,448,908
Associated Index
S&P 500 Index
Inverse/Leveraged
Inverse (-1)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
GOLDMAN FINL SQ TRSRY INST 506
-5.39%
n/a
GOLDMAN SACHS FIN GOV 465 INSTITUT
-342.09%
n/a
DREYFUS GOVT CASH MAN INS
-1104.34%
Invest with SPDN

What is SPDN?

The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the S&P 500 Index. The S&P 500 Index is a capitalization weighted index composed of 500 domestic common stocks. Standard & Poor s selects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and are generally listed on the New York Stock exchange. The companies included in the index have an average market capitalization of more than $36.61 billion dollars and a median market capitalization of $17.29 billion dollars as of May 31, 2016. One cannot directly invest in an index.

ETFs related toSPDN

ETFs correlated to SPDN include SDS, SPXS, SPXU

SPDN
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear 1X Shares
SDS
ProShares Trust - ProShares UltraShort S&P500 -2x Shares
SPXS
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bear -3X Shares
SPXU
ProShares Trust - ProShares UltraPro Short S&P 500
SH
ProShares Trust - ProShares Short S&P500 -1x Shares
PSQ
ProShares Trust - ProShares Short QQQ -1x Shares
QID
ProShares Trust - ProShares UltraShort QQQ -2x Shares
SQQQ
ProShares Trust - ProShares UltraPro Short QQQ -3x Shares
HIBS
Direxion Shares ETF Trust - Direxion Daily S&P 500 High Beta Bear 3X Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

SPDN is a US Equities ETF. The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the S&P 500 Index. The S&P 500 Index is a capitalization weighted index composed of 500 domestic common stocks. Standard & Poor s selects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and are generally listed on the New York Stock exchange. The companies included in the index have an average market capitalization of more than $36.61 billion dollars and a median market capitalization of $17.29 billion dollars as of May 31, 2016. One cannot directly invest in an index.

SPDN tracks the S&P 500 Index.

No, SPDN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SPDN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SPDN is 0.0137%. This is the percent change in the value of SPDN over the most recent 1-month period. The 3-month return on SPDN is 0.0144%. This is the percent change in the value of SPDN over the most recent 3-month period.

The standard deviation of SPDN for the past year is 0.1736%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SPDN include UAPR, UAUG, and ACIO.

ETFs correlated to SPDN include SDS, SPXS, and SPXU.

ETFs that are inversely correlated to SPDN include SPXL, SPY, and SSO.

Yes, SPDN is a Inverse (-1) ETF: This means that SPDN will try to match the performance of S&P 500 Index, but with 1x the returns.

Yes, SPDN is a Inverse (-1) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P 500 Index, but move 1x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.