SPDNvsSQQQETF Comparison
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Direxion Daily S&P 500® Bear 1X Shares ETF (SPDN) and ProShares UltraPro Short QQQ ETF - USD (SQQQ) belong to the same industry segment: Inverse Equity. SPDN is less expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.99% for SQQQ. SPDN is down -7.46% year-to-date (YTD) with +$120M in YTD flows. SQQQ performs worse with -42% YTD performance, and +$1.18B in YTD flows. Run a side-by-side ETF comparison of SPDN and SQQQ 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 SQQQ 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 SQQQ | -0.90%-2.90% | -0.35%-3.53% | -7.46%-42.00% | -9.41%-46.40% | -33.57%-89.91% | -32.39%-94.85% |
| Flows | SPDN SQQQ | +$58M+$55M | +$65M+$54M | +$120M+$1.18B | +$195M+$614M | +$154M+$4.46B | +$318M+$9.43B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPDN SQQQ | +11.08%+56.43% | +12.55%+59.35% | +14.92%+61.89% | +17.22%+69.63% |
| Max drawdown | SPDN SQQQ | -6.04%-34.74% | -17.44%-63.91% | -39.28%-93.34% | -44.82%-97.59% |
| Max drawdown duration | SPDN SQQQ | 79d79d | 200d200d | 1083d1086d | 1465d1583d |
Trading data
SPDN | SQQQ | |
Last sale 10/16/2026 at 1:30 PM | $8.51 | $38.90 |
| Previous close 10/15/2026 | $8.41 | $36.14 |
| 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 | SQQQ | |
|---|---|---|
| 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 | SQQQ | |
|---|---|---|
| Last price | $8.51 | $38.90 |
| 1D performance | +1.19% | +7.64% |
| AuM | $288.18 M | $2.15 B |
| E/R | 0.54% | 0.99% |
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Exposure
Exposure data will be available soon
Frequently asked questions about SPDN and SQQQ
How have the SPDN and SQQQ ETFs performed in 2026?
As of October 16, 2026, SPDN is down -7.46% year-to-date (YTD), while SQQQ has lost -42%. That puts SPDN better performer ahead so far this year.
Which ETF is attracting more investor money: SPDN or SQQQ?
Year-to-date, the SPDN ETF saw +$120M in flows, compared to +$1.18B for SQQQ.
Which ETF is more volatile: SPDN or SQQQ?
Over the past year, SPDN had a volatility of 12.55%, while SQQQ experienced 59.35%.
Which ETF is bigger: SPDN or SQQQ?
As of October 16, 2026, SPDN holds $288.18 M in assets under management (AUM), while SQQQ manages $2.15 B.
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