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SPDNvsSPXSETF Comparison

ETF 1
SPDN

Direxion Daily S&P 500® Bear 1X Shares ETF

This fund is part of
Inverse Equity
+6.79%
VS
ETF 2
SPXS

Direxion Daily S&P 500 Bear 3X Shares

This fund is part of
Inverse Equity
+6.79%

Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) and Direxion Daily S&P 500 Bear 3X Shares (SPXS) 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 SPXS. SPDN is down -7.46% year-to-date (YTD) with +$120M in YTD flows. SPXS performs worse with -27.78% YTD performance, and +$143M in YTD flows. Run a side-by-side ETF comparison of SPDN and SPXS 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 SPXS performance and flow charts

Performance

-10.0-8.0-6.0-4.0-2.00.0%Sep 16Sep 23Sep 30Oct 7Oct 14

Cumulative Flows

-20 M0 M20 M40 M60 M80 MSep 16Sep 23Sep 30Oct 7Oct 14

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Historic performance and flows
Data as of 10/16/2026
1M3MYTD1Y3Y5Y
Perf.
SPDN
SPXS
-0.90%-3.56%
-0.35%-3.69%
-7.46%-27.78%
-9.41%-33.82%
-33.57%-81.12%
-32.39%-85.69%
Flows
SPDN
SPXS
+$58M+$13M
+$65M+$59M
+$120M+$143M
+$195M+$68M
+$154M+$488M
+$318M+$1.04B
Volatility and drawdown
3M1Y3Y5Y
Volatility
SPDN
SPXS
+11.08%+33.26%
+12.55%+37.67%
+14.92%+44.76%
+17.22%+50.80%
Max drawdown
SPDN
SPXS
-6.04%-17.54%
-17.44%-46.32%
-39.28%-85.28%
-44.82%-90.82%
Max drawdown duration
SPDN
SPXS
79d79d
200d200d
1083d1083d
1465d1583d
Trading data

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SPDN
SPXS
Last sale
10/16/2026 at 1:30 PM
$8.51
$24.82
Previous close
10/15/2026
$8.41
$24.00
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
SPXS
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SPDN
SPXS
Last price
$8.51
$24.82
1D performance
+1.19%
+3.42%
AuM$288.18 M$354.16 M
E/R0.54%1.04%
Characteristics
SPDN
SPXS
Management strategyPassivePassive
ProviderDirexionDirexion
BenchmarkS&P 500 IndexS&P 500 Index
N° of holdings--
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateJune 8, 2016November 5, 2008
ESGNoNo
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Exposure

Exposure data will be available soon

Frequently asked questions about SPDN and SPXS

How have the SPDN and SPXS ETFs performed in 2026?

As of October 16, 2026, SPDN is down -7.46% year-to-date (YTD), while SPXS has lost -27.78%. That puts SPDN better performer ahead so far this year.

Which ETF is attracting more investor money: SPDN or SPXS?

Year-to-date, the SPDN ETF saw +$120M in flows, compared to +$143M for SPXS.

Which ETF is more volatile: SPDN or SPXS?

Over the past year, SPDN had a volatility of 12.55%, while SPXS experienced 37.67%.

Which ETF is bigger: SPDN or SPXS?

As of October 16, 2026, SPDN holds $288.18 M in assets under management (AUM), while SPXS manages $354.16 M.

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