SPDN
·NYSE
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Key Stats
Assets Under Management
212.23MUSD
Fund Flows (1Y)
110.03MUSD
Dividend Yield
4.79%
Discount/Premium to NAV
-0.09%
Shares Outstanding
22.80M
Expense Ratio
0.47%
About Direxion Daily S&P 500 Bear 1X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Jun 8, 2016
Structure
Open-Ended Fund
Index Tracked
S&P 500
Management Style
Passive
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
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Broad-based
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Cap
Selection Criteria
Committee
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -4.62% | -4.42% | -14.99% | -13.89% | -43.60% | -50.32% |
NAV Total Return | -3.90% | -0.84% | -11.22% | -10.12% | -33.83% | -41.39% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
DREYFUS GOVT CASH MAN INS
80.85%
GOLDMAN SACHS FIN GOV 465 INSTITUT
21.12%
GOLDMAN FINL SQ TRSRY INST 506
0.00%
S&P 500 INDEX SWAP
-2.38%
S&P 500 INDEX SWAP-1
-97.62%
Top 10 Weight 1.98%
5 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.094 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.135 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.079 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.137 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.146 |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | 0.163 |
| 2024-03-19 | 2024-03-20 | 2024-03-26 | 0.140 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
