(SPDN) Direxion Daily SP500 Bear - Overview
ETF Category: Trading--Inverse Equity | Exchange: NYSE ARCA (USA) | Market Cap: 197m USD | Total Return: -15.7% in 12m
Avg Turnover: 311M
Warnings
Overextended 3d
Tailwinds
No distinct edge detected
The Direxion Daily S&P 500 Bear 1X Shares (SPDN) is an inverse exchange-traded fund designed to deliver the daily opposite performance of the S&P 500 Index. The fund primarily utilizes derivative instruments, including swap agreements and futures contracts, to achieve short exposure to 500 of the largest market-capitalization companies listed in the United States.
As an inverse ETF, SPDN functions as a tactical hedging tool rather than a long-term investment, as daily compounding can cause returns to deviate from the index over extended periods. This non-diversified fund allows investors to profit from downward movements in the broad equity market without maintaining individual short positions. For a deeper look into how these mechanics affect portfolio volatility, consider reviewing the detailed metrics available on ValueRay.
- S&P 500 price depreciation drives inverse daily returns through derivative positions
- Short-term interest rates impact yields on collateralized cash and margin accounts
- Market volatility increases tracking error and compounding costs during sideways trading
- Broad US economic contraction triggers capital flight into inverse equity instruments
As of June 07, 2026, the stock is trading at USD 8.84 with a total of 49,621,545 shares traded.
Over the past week, the price has changed by +2.55%,
over one month by -1.56%,
over three months by -6.77% and
over the past year by -15.66%.
Direxion Daily SP500 Bear has no consensus analysts rating.