SPDN
DIREXION DAILY S&P 500 (R) BEAR 1X SHARES
$8.53-0.47% today
8.3910.2352-WK
SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET +$14M OVER THIS RANGE
The desk’s read
Money keeps arriving — +$10M of net buying over the past month, about 4.5% of the fund's asset base, while the price has returned -9.5% so far this year.
COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH
$220Massets under management
—expense ratio
+$10Mnet flow, trailing month
39.8Mavg daily volume, 30 days
1holdings · US-domiciled
2024listed April 19, 2024
Sector weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
| 1 week | +0.9% |
| 1 month | -3.1% |
| 3 months | -2.4% |
| 6 months | -9.9% |
| YTD | -9.5% |
| 1 year | -14.5% |
| 3 years | — |
PRICE RETURN, DISTRIBUTIONS NOT REINVESTED
Net flows
| 1 week | −$17M |
| 1 month | +$10M |
| 3 months | +$36M |
| YTD | +$48M |
| 1 year | +$147M |
CREATION/REDEMPTION DOLLARS, DAILY RECORDS
Monthly net flows
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
13%realized volatility, 30 days (annualized)
13%realized volatility, 1 year
-18.0%deepest fall from a peak, 1 year
-16.6%where it sits vs. that peak today
VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK
Options tape
1calls today
11Kputs today
11371.00put/call ratio
27.6Mshares traded
The case against SPDN
Due diligence cuts both ways. These funds sit on the same shelf and beat SPDN on at least one dimension that matters — the fee, the asset base, or where the money is going.
| Fund | Fee | Assets | Flow, 1M | The case | |
|---|---|---|---|---|---|
| SPY SPDR S&P 500 ETF Trust | 0.09% | $818.3B | +$2.8B | 3725× the assets · +$2.8B in over the month | Head-to-head |
| IJH iShares Core S&P Mid-Cap ETF | 0.05% | $128.4B | +$547M | 584× the assets · +$547M in over the month | Head-to-head |
| ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.03% | $97.9B | +$245M | 446× the assets · +$245M in over the month | Head-to-head |
| IVW iShares S&P 500 Growth ETF | 0.18% | $77.4B | +$322M | 353× the assets · +$322M in over the month | Head-to-head |
| IVE iShares S&P 500 Value ETF | 0.18% | $50.4B | +$51M | 230× the assets · +$51M in over the month | Head-to-head |