(SPDN) Direxion Daily SP500 Bear - Overview
Etf: Inverse, Large-Cap, ETF, Futures, Swaps
Dividends
| Dividend Yield | 3.77% |
| Yield on Cost 5y | 2.53% |
| Yield CAGR 5y | 34.33% |
| Payout Consistency | 64.3% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 14.6% |
| Relative Tail Risk | -13.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.63 |
| Alpha | -2.34 |
| Character TTM | |
|---|---|
| Beta | -0.963 |
| Beta Downside | -0.962 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.54% |
| CAGR/Max DD | -0.33 |
Description: SPDN Direxion Daily SP500 Bear January 19, 2026
Direxion Daily S&P 500® Bear 1X Shares (NYSE ARCA: SPDN) seeks to deliver the inverse of the daily performance of the S&P 500 Index by using derivatives such as swaps, futures, and short positions, with at least 80% of net assets allocated to these instruments. The fund is classified as a non-diversified, inverse equity ETF, meaning its exposure is concentrated in large-cap U.S. stocks and it resets its exposure each trading day.
Key quantitative metrics (as of the latest filing) include an expense ratio of 0.85%, assets under management of roughly $1.2 billion, and an average daily trading volume of about 1 million shares, which together affect liquidity and cost of entry. Because the ETF provides only a 1× inverse exposure, its performance is highly sensitive to short-term market moves, with the VIX (CBOE Volatility Index) and Federal Reserve policy (interest-rate outlook) serving as primary macro drivers. Sector-level risk is dominated by the S&P 500’s weighting, notably technology (~27%) and health care (~13%), so sector-specific news can disproportionately impact SPDN’s daily return.
If you want a data-rich, side-by-side comparison of SPDN’s risk-adjusted returns versus other inverse products, a quick look at ValueRay’s analytics dashboard can help you spot any hidden cost or tracking-error issues before you commit capital.
What is the price of SPDN shares?
Over the past week, the price has changed by +0.64%, over one month by +0.21%, over three months by -0.27% and over the past year by -9.44%.
Is SPDN a buy, sell or hold?
What are the forecasts/targets for the SPDN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 9 | -4.1% |
SPDN Fundamental Data Overview February 03, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 205.7m USD (205.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 205.7m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 205.7m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 2.37% (E(205.7m)/V(205.7m) * Re(2.37%) + (debt-free company))
Discount Rate = 2.37% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)