SPDNvsRWMETF Comparison
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Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) and ProShares Short RUSSELL2000 ETF (RWM) belong to the same industry segment: Inverse Equity. SPDN is less expensive with a Total Expense Ratio (TER) of 0.54%, versus 1.04% for RWM. SPDN is down -7.46% year-to-date (YTD) with +$120M in YTD flows. RWM performs worse with -8.47% YTD performance, and +$49M in YTD flows. Run a side-by-side ETF comparison of SPDN and RWM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPDN vs RWM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPDN RWM | -0.90%+5.40% | -0.35%+10.17% | -7.46%-8.47% | -9.41%-8.62% | -33.57%-32.52% | -32.39%-17.79% |
| Flows | SPDN RWM | +$58M+$2M | +$65M+$39M | +$120M+$49M | +$195M+$47M | +$154M-$48M | +$318M-$56M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPDN RWM | +11.08%+14.02% | +12.55%+18.35% | +14.92%+21.17% | +17.22%+22.46% |
| Max drawdown | SPDN RWM | -6.04%-5.18% | -17.44%-24.82% | -39.28%-44.30% | -44.82%-44.30% |
| Max drawdown duration | SPDN RWM | 79d42d | 200d330d | 1083d1083d | 1465d1083d |
Trading data
SPDN | RWM | |
Last sale 10/16/2026 at 1:30 PM | $8.51 | $14.82 |
| Previous close 10/15/2026 | $8.41 | $14.57 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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SPDN | RWM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SPDN | RWM | |
|---|---|---|
| Last price | $8.51 | $14.82 |
| 1D performance | +1.19% | +1.72% |
| AuM | $288.18 M | $168.54 M |
| E/R | 0.54% | 1.04% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPDN and RWM
How have the SPDN and RWM ETFs performed in 2026?
As of October 16, 2026, SPDN is down -7.46% year-to-date (YTD), while RWM has lost -8.47%. That puts SPDN better performer ahead so far this year.
Which ETF is attracting more investor money: SPDN or RWM?
Year-to-date, the SPDN ETF saw +$120M in flows, compared to +$49M for RWM.
Which ETF is more volatile: SPDN or RWM?
Over the past year, SPDN had a volatility of 12.55%, while RWM experienced 18.35%.
Which ETF is bigger: SPDN or RWM?
As of October 16, 2026, SPDN holds $288.18 M in assets under management (AUM), while RWM manages $168.54 M.
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