SPDN
Direxion Daily S&P 500 Bear 1X Shares
📎 Investment Objective
The Direxion Daily S&P 500 Bear 1X Shares (SPDN) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P 500 Index.
Overview
ETF tracking Direxion Daily S&P 500 Bear 1X Shares
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Direxion Daily S&P 500 Bear 1X Shares (SPDN) seeks to provide daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P 500 Index.
🎯 Investment Strategy
SPDN uses a range of financial instruments, such as swap agreements and futures contracts, to provide inverse exposure to the S&P 500 Index. The fund does not seek to achieve its stated investment objective over a period of time greater than one day.
✨ Key Features
- Provides inverse (-1x) exposure to the S&P 500 Index on a daily basis
- Designed for short-term, tactical trading rather than long-term buy-and-hold investing
- Employs derivatives to achieve its inverse exposure objective
- Has a very low expense ratio of 0.00%
⚠️ Primary Risks
- Inverse performance risk: The fund's returns will be the opposite of the S&P 500 Index, which may not align with investor expectations over longer time periods
- Derivative risk: The use of derivatives, such as swaps and futures, can amplify losses and introduce additional risks
- Compounding risk: Due to the daily reset, the fund's performance may diverge significantly from the inverse of the S&P 500 Index over periods longer than one day
- Liquidity risk: The fund may have limited trading volume, which could impact an investor's ability to buy or sell shares
👤 Best For
SPDN is designed for experienced, short-term traders and speculators who seek to profit from a decline in the S&P 500 Index on a daily basis. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.