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Direxion Daily S&P 500® Bear 1X Shares (SPDN)



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Upturn Advisory Summary
08/14/2025: SPDN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit -11.14% | Avg. Invested days 28 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta -0.99 | 52 Weeks Range 10.32 - 13.19 | Updated Date 06/29/2025 |
52 Weeks Range 10.32 - 13.19 | Updated Date 06/29/2025 |
Upturn AI SWOT
Direxion Daily S&P 500® Bear 1X Shares
ETF Overview
Overview
The Direxion Daily S&P 500u00ae Bear 1X Shares (SH) is designed to deliver daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of the S&P 500u00ae Index. It targets investors seeking short-term exposure to a declining market.
Reputation and Reliability
Direxion is a well-known provider of leveraged and inverse ETFs, recognized for its innovation and range of specialized investment products. However, the complexity of its products requires investors to understand the associated risks.
Management Expertise
Direxion's management team possesses extensive experience in creating and managing complex ETF products. Their expertise is critical for maintaining the ETF's daily reset mechanism.
Investment Objective
Goal
To provide daily investment results corresponding to the inverse (opposite) of the daily performance of the S&P 500u00ae Index, before fees and expenses.
Investment Approach and Strategy
Strategy: The ETF employs a daily reset strategy, using financial instruments such as swaps, futures contracts, and other derivatives to achieve its inverse exposure to the S&P 500u00ae Index.
Composition The ETF primarily holds derivative instruments to achieve its objective. It does not directly hold stocks in the S&P 500.
Market Position
Market Share: The market share of SH within the inverse S&P 500 ETF segment fluctuates with market sentiment and trading volume.
Total Net Assets (AUM): 200800000
Competitors
Key Competitors
- ProShares Short S&P500 (SH)
- ProShares UltraShort S&P500 (SDS)
Competitive Landscape
The inverse ETF market is competitive, with ProShares being a major competitor. SH offers a 1x inverse exposure, while SDS offers a 2x inverse exposure, catering to different risk appetites. SH's advantage lies in its lower leverage, making it potentially less volatile than its competitors, but its disadvantage is lower potential returns compared to higher-leveraged inverse ETFs if the market declines.
Financial Performance
Historical Performance: The ETF's historical performance is inversely correlated to the S&P 500's performance. Due to the daily reset, long-term performance may significantly deviate from a simple inverse relationship.
Benchmark Comparison: The ETF aims to mirror the *daily inverse* performance of the S&P 500. However, compounding effects from the daily reset can lead to deviations over longer periods.
Expense Ratio: 0.91
Liquidity
Average Trading Volume
The ETF generally has sufficient liquidity, with average daily trading volumes providing relatively easy entry and exit for most investors.
Bid-Ask Spread
The bid-ask spread is typically reasonable, but can widen during periods of high volatility or low trading volume.
Market Dynamics
Market Environment Factors
Economic indicators, investor sentiment, interest rates, and geopolitical events can influence the ETF's performance. Bearish sentiment towards the stock market will drive investment in this ETF.
Growth Trajectory
The ETF's growth is tied to the perceived risk in the market. Increased market volatility and negative economic outlook may drive investment.
Moat and Competitive Advantages
Competitive Edge
SH offers a simple, one-times inverse exposure to the S&P 500, appealing to investors seeking short-term downside protection or speculative bearish bets. Direxion's experience in managing leveraged and inverse ETFs enhances the fund's reliability. However, the daily reset mechanism is a key characteristic to consider, leading to potentially unexpected long-term results. Understanding this reset mechanism and short-term investment suitability are crucial for investors.
Risk Analysis
Volatility
The ETF is inherently volatile, as its value moves inversely to the S&P 500. The daily reset mechanism can amplify volatility over longer periods.
Market Risk
The primary risk is that the S&P 500 will rise, causing the ETF's value to decline. The ETF also faces the risk of compounding losses due to the daily reset.
Investor Profile
Ideal Investor Profile
The ideal investor is a sophisticated trader with a short-term outlook who seeks to profit from a perceived decline in the S&P 500. It's best suited for those who actively monitor their investments.
Market Risk
The ETF is best suited for active traders or those seeking short-term hedging strategies. It is not appropriate for long-term investors due to the daily reset mechanism.
Summary
Direxion Daily S&P 500u00ae Bear 1X Shares (SH) offers a convenient way to gain inverse exposure to the S&P 500. It is designed for short-term tactical allocation, not long-term investment. Investors should understand the daily reset mechanism and the potential for compounding losses. SH is a trading tool, not a long-term portfolio holding, and should only be used by those with experience trading leveraged and inverse products.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Direxion Funds website
- ETF.com
- Yahoo Finance
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Past performance is not indicative of future results. Leveraged and inverse ETFs are inherently risky.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily S&P 500® Bear 1X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund invests at least 80% of the fund"s net assets in swap agreements, futures contracts, short positions or other financial instruments that provide inverse (opposite) or short daily exposure to the index or to ETFs that track the index, which, in combination, provider returns consistent with the objective. It is non-diversified.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.