SPDNvsSHETF Comparison
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Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) and ProShares Short S&P500 ETF (SH) belong to the same industry segment: Inverse Equity. SPDN is less expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.89% for SH. SPDN is down -7.46% year-to-date (YTD) with +$120M in YTD flows. SH performs worse with -8.65% YTD performance, and +$193M in YTD flows. Run a side-by-side ETF comparison of SPDN and SH 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 SH 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 SH | -0.90%-0.92% | -0.35%-0.46% | -7.46%-8.65% | -9.41%-10.65% | -33.57%-34.90% | -32.39%-34.25% |
| Flows | SPDN SH | +$58M+$38M | +$65M+$104M | +$120M+$193M | +$195M+$21M | +$154M-$360M | +$318M+$211M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPDN SH | +11.08%+11.18% | +12.55%+12.76% | +14.92%+15.04% | +17.22%+17.05% |
| Max drawdown | SPDN SH | -6.04%-6.05% | -17.44%-18.29% | -39.28%-40.47% | -44.82%-46.00% |
| Max drawdown duration | SPDN SH | 79d79d | 200d200d | 1083d1083d | 1465d1465d |
Trading data
SPDN | SH | |
Last sale 10/16/2026 at 1:30 PM | $8.51 | $32.47 |
| Previous close 10/15/2026 | $8.41 | $32.09 |
| 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 | SH | |
|---|---|---|
| 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 | SH | |
|---|---|---|
| Last price | $8.51 | $32.47 |
| 1D performance | +1.19% | +1.18% |
| AuM | $288.18 M | $961.42 M |
| E/R | 0.54% | 0.89% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPDN and SH
How have the SPDN and SH ETFs performed in 2026?
As of October 16, 2026, SPDN is down -7.46% year-to-date (YTD), while SH has lost -8.65%. That puts SPDN better performer ahead so far this year.
Which ETF is attracting more investor money: SPDN or SH?
Year-to-date, the SPDN ETF saw +$120M in flows, compared to +$193M for SH.
Which ETF is more volatile: SPDN or SH?
Over the past year, SPDN had a volatility of 12.55%, while SH experienced 12.76%.
Which ETF is bigger: SPDN or SH?
As of October 16, 2026, SPDN holds $288.18 M in assets under management (AUM), while SH manages $961.42 M.
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Latest news about SPDN & SH
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