Key stats
About Direxion Daily S&P 500 Bear 1X Shares
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Inception date
Jun 8, 2016
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
SPDN offers a one-day bet against the S&P 500. With its committee-selected holdings across various industry groups, the index effectively captures the US large-cap space. This covers approximately 80% of the US investable universe. The constituents are then market-cap-weighted and rebalanced on a quarterly basis. Like most geared ETFs, the fund is designed to deliver its inverse exposure to the underlying index for one trading day only. Long-term returns could materially differ from those of the underlying index due to daily compounding. As such, SPDN is inherently a short-term tactical instrument and not a long-term investment vehicle.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Symbol
Assets
U
U.S. Dollar
100.00%
Top 10 weight100.00%
1 total holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPDN last dividends amounted to 0.08 USD. The quarter before, the issuer paid 0.14 USD in dividends, which shows a 73.26% decrease.
SPDN assets under management is 162.96 M USD. It's fallen 0.74% over the last month.
SPDN fund flows account for 22.73 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SPDN pays dividends to its holders with the dividend yield of 4.87%. The last dividend (Apr 1, 2025) amounted to 0.08 USD. The dividends are paid quarterly.
SPDN shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Jun 8, 2016, and its management style is Passive.
SPDN expense ratio is 0.47% meaning you'd have to pay 0.47% of your investment to help manage the fund.
SPDN follows the S&P 500. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPDN invests in cash.
SPDN price has fallen by −5.71% over the last month, and its yearly performance shows a −10.98% decrease. See more dynamics on SPDN price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.91% over the last month, showed a −3.54% decrease in three-month performance and has decreased by −7.16% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.91% over the last month, showed a −3.54% decrease in three-month performance and has decreased by −7.16% in a year.
SPDN trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.