Summary
SPDN
Prices · period metrics · 12M
NAV as of 16/07/2026
02/04/2025 → 02/04/2026
Return -12.87% Volatility 18.69% Sharpe -0.80
Official loaded data — not a live quote.

DIREXION DAILY S&P 500 (R) BEAR 1X SHARES

Symbol: SPDN

Exchange: NYSE

Sector: Realestate

Category: Trading--Inverse Equity

Inception date: 08/06/2016

Latest date: 16/07/2026

Current price: $8.65

Expense ratio: 0.48%

Assets under management
$194.6M
0.23% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

0.11%

Ann. 59.18% (Sharpe / Sortino numerator)

Volatility

18.35%

Sharpe ratio

3.027

VaR 95%

-1.20%

CVaR 95%: -1.99%
Max drawdown: -3.62%
Sortino ratio: 4.563
Calmar ratio: 16.36

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-5.63%

Ann. 20.36% (Sharpe / Sortino numerator)

Volatility

14.62%

Sharpe ratio

1.145

VaR 95%

-1.16%

CVaR 95%: -1.76%
Max drawdown: -3.62%
Sortino ratio: 1.802
Calmar ratio: 5.63

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-6.05%

Ann. 8.14% (Sharpe / Sortino numerator)

Volatility

13.72%

Sharpe ratio

0.329

VaR 95%

-1.24%

CVaR 95%: -1.71%
Max drawdown: -5.52%
Sortino ratio: 0.564
Calmar ratio: 1.48

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-12.87%

Ann. -11.34% (Sharpe / Sortino numerator)

Volatility

18.69%

Sharpe ratio

-0.801

VaR 95%

-1.38%

CVaR 95%: -2.62%
Max drawdown: -26.44%
Sortino ratio: -0.938
Calmar ratio: -0.43

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-17.98%

Ann. -6.84% (Sharpe / Sortino numerator)

Volatility

16.42%

Sharpe ratio

-0.638

VaR 95%

-1.25%

CVaR 95%: -2.16%
Max drawdown: -26.44%
Sortino ratio: -0.841
Calmar ratio: -0.26

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-30.02%

Ann. -10.00% (Sharpe / Sortino numerator)

Volatility

14.93%

Sharpe ratio

-0.913

VaR 95%

-1.23%

CVaR 95%: -1.98%
Max drawdown: -33.77%
Sortino ratio: -1.241
Calmar ratio: -0.30

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 16/07/2025 - 16/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

-0.052%

Best day

2.719%

10/10/2025
Worst day

-2.737%

31/03/2026
Days with data

251

Recent price history (last 90 days)

Date Open High Low Close Volume
16/07/2026 $8.63 $8.68 $8.60 $8.65 51,771,300
15/07/2026 $8.61 $8.66 $8.59 $8.60 41,859,200
14/07/2026 $8.65 $8.67 $8.62 $8.63 36,023,700
13/07/2026 $8.63 $8.68 $8.61 $8.67 45,888,100
10/07/2026 $8.63 $8.68 $8.59 $8.59 32,717,700
09/07/2026 $8.68 $8.70 $8.62 $8.63 22,787,300
08/07/2026 $8.72 $8.77 $8.69 $8.69 42,361,900
07/07/2026 $8.65 $8.70 $8.63 $8.68 34,224,400
06/07/2026 $8.65 $8.68 $8.61 $8.62 16,977,800
02/07/2026 $8.68 $8.76 $8.63 $8.71 54,227,800