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





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Volume(000's)


Charts and data are derived from prices adjusted for both splits and distributions to emphasize total return.

ETF Symbol:
Price12.17
Volume3m
Avg Vol3m
RSf4.1
$Vol(21d)32m
52 wk High15.44
52 wk Low12.12
Yield(ttm)3.42%
Inception:Jun 2016
Total Returns:
1 day-0.8%
5 day-0.3%
1 month-2.7%
3 month-7.2%
6 month-16.0%
9 month-12.5%
1 year-20.6%
Price Data: Closing Price
 
Compare Funds:
Correlated Group: US Brd Mkt (View cGroup) (All Groups)




Correlated Funds

Most Directly Correlated
Proshares UltraShort S&P500SDS1.00  
Direxion S&P 500 Bear 3X SharesSPXS1.00  
ProShares UltraPro Short S&P 500SPXU0.99  
ProShares Short S&P 500SH0.99  
Proshares UltraShort QQQQID0.93  
ProShares UltraPro Short QQQSQQQ0.93  
ProShares Short QQQPSQ0.93  
Direxion Technology Bear 3X SharesTECS0.87  
ProShares Short Dow 30DOG0.87  
Direxion Daily DJ Internet Bear 3xWEBS0.86  
Least Correlated
iShares 0-3 Month Treasury Bond ETFSGOV0.01  
First Trust Enh Short Maturity ETFFTSM0.01  
iShares S&P GSCI Commodity-Indexed TrGSG0.00  
Invesco Optm Yld Divsfd Comdty ETFPDBC0.00  
Quadratic Interest Rate Volatility and Inflation Hedge NewIVOL-0.01  
iShares Commodity Dyn Roll Stgy ETFCOMT-0.01  
PIMCO Enhcd Short Maturity Active ETFMINT-0.01  
iM DBi Managed Futures Strategy ETFDBMF-0.02  
Invesco DB Commodity Index TrackingDBC-0.02  
Teucrium Soybean Fund ETFSOYB-0.02  
Most Inversely Correlated
Direxion Daily S&P 500 Bull 2X SharesSPUU-0.99  
Vanguard Large-CapVV-0.99  
iShares MSCI USA ESG OptimizedESGU-0.99  
ProShares Ultra S&P 500SSO-1.00  
SPDR Portfolio Large CapSPLG-1.00  
SPDR S&P 500SPY-1.00  
Vanguard S&P 500 ETFVOO-1.00  
iShares Core S&P 500 ETFIVV-1.00  
ProShares UltraPro S&P 500UPRO-1.00  
Direxion S&P 500 Bull 3X SharesSPXL-1.00  
These 126 day (6 month) correlations can be considered short term, focusing on recent price movements.
Correlations are only calculated for actively traded funds. As of: 2024-03-22.


Exchange-traded funds are similar to index funds that trade like a single stock. Until the advent of the ETF, it was impossible to trade indexes this easily through an equity account. Most ETFs are relatively static in make-up, like the SPY or QQQQ index funds. Others, like some of the PowerShares funds, are dynamic and the holdings are changed routinely. ETFs have risks similar to stocks in that their value can rise or fall at the discretion of the marketplace. Some ETFs, like international funds and narrowly based indexes, have special risks that the investor should be aware of. However, used properly ETFs can provide an efficient and effective investment vehicle for achieving results that were near impossible for the typical investor to achieve prior to their development.








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