DHF vs SPDN

Comparison between BNY Mellon High Yield Strategies Fund (DHF, ETF) and DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF).

5-Year PerformanceDHF has outperformed SPDN, delivering a return of +2.7% compared to -8.8%

DHF vs SPDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DHF(ETF)	SPDN(ETF)
Net Assets	$198M	$198M
Expense Ratio	N/A	0.48%
Max Drawdown	84.99%	79.61%
Sharpe Ratio	0.14	-1.51
5Y Beta	0.40	-0.97
5Y Dividends CAGR	-2.48%	89.77%

Net Assets

Winner

DHF

$198M

SPDN

$198M

Expense Ratio

DHF

N/A

SPDN

0.48%

Max Drawdown

DHF

84.99%

Winner

SPDN

79.61%

Sharpe Ratio

Winner

DHF

0.14

SPDN

-1.51

5Y Beta

DHF

0.40

Winner

SPDN

-0.97

5Y Dividends CAGR

DHF

-2.48%

Winner

SPDN

89.77%

DHF vs SPDN - Historical Returns

Returns include dividend reinvestment.

Period	DHF	SPDN
1 month	+1.15%	-1.02%
3 months	+3.93%	-9.94%
6 months	+1.05%	-7.60%
1 year	+3.99%	-15.57%
5 years(CAGR)	+2.73%	-8.77%
10 years(CAGR)	+5.85%	-12.67%
Max(CAGR)	+4.38%	-12.42%

Winner

DHF

+1.15%

SPDN

-1.02%

Winner

DHF

+3.93%

SPDN

-9.94%

Winner

DHF

+1.05%

SPDN

-7.60%

Winner

DHF

+3.99%

SPDN

-15.57%

5Y(CAGR)

Winner

DHF

+2.73%

SPDN

-8.77%

10Y(CAGR)

Winner

DHF

+5.85%

SPDN

-12.67%

Max(CAGR)

Winner

DHF

+4.38%

SPDN

-12.42%

DHF vs SPDN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DHF	SPDN
2026	+0.34%	-7.17%
2025	+4.42%	-11.32%
2024	+20.54%	-13.44%
2023	+12.87%	-15.40%
2022	-24.19%	+19.39%
2021	+11.81%	-24.71%
2020	+6.03%	-23.87%
2019	+23.77%	-21.99%
2018	-10.01%	+6.21%
2017	+8.75%	-16.49%
2016	+20.76%	-6.92%
2015	-5.85%	N/A
2014	-3.44%	N/A
2013	+6.16%	N/A
2012	+2.76%	N/A
2011	+10.98%	N/A
2010	+32.33%	N/A
2009	+77.84%	N/A
2008	-32.39%	N/A
2007	-4.39%	N/A
2006	+17.49%	N/A
2005	-9.02%	N/A
2004	-2.32%	N/A
2003	+56.23%	N/A
2002	-17.18%	N/A
2001	-10.03%	N/A
2000	-30.51%	N/A
1999	-9.65%	N/A

DHF vs SPDN Drawdown Comparison

The maximum drawdown for DHF was -60.22%, occurring on Nov 21, 2008. Recovery took 2542 trading sessions.

The maximum drawdown for SPDN was -75.30%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current DHF drawdown is -3.46%. The current SPDN drawdown is -74.99%.

Rank	DHF	SPDN
#1	-60.22% Nov 3, 1999 - Dec 11, 2009	-75.30% Jun 27, 2016 - Jun 2, 2026
#2	-42.95% Feb 20, 2020 - Nov 23, 2020	-2.37% Jun 16, 2016 - Jun 24, 2016
#3	-37.83% Jun 30, 2021 - Jul 17, 2025	N/A
#4	-26.16% Jun 23, 2014 - Aug 23, 2016	N/A
#5	-19.30% Oct 2, 2018 - Apr 1, 2019	N/A
#6	-17.75% Jun 2, 2011 - Apr 2, 2012	N/A
#7	-14.63% May 8, 2013 - Apr 3, 2014	N/A
#8	-14.00% May 2, 2012 - Jan 29, 2013	N/A
#9	-11.38% Nov 10, 2010 - Feb 14, 2011	N/A
#10	-11.34% Sep 2, 2016 - Jan 27, 2017	N/A
#11	-11.34% Apr 5, 2010 - Jul 7, 2010	N/A
#12	-8.67% Feb 10, 2026 - Mar 20, 2026	N/A
#13	-7.54% Oct 10, 2017 - Oct 2, 2018	N/A
#14	-6.34% Jan 12, 2010 - Feb 23, 2010	N/A
#15	-5.19% Mar 2, 2017 - Apr 10, 2017	N/A

Correlation

Correlation between DHF and SPDN is -0.80 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.80

-101

Dividend Comparison (2000 - 2026)

DHF vs SPDN dividend yield comparison.

Year	DHF	SPDN
2026	3.63%	0.57%
2025	8.47%	4.06%
2024	8.14%	5.32%
2023	7.86%	5.84%
2022	10.12%	0.96%
2021	8.24%	0.00%
2020	8.60%	0.10%
2019	8.52%	1.89%
2018	10.41%	1.24%
2017	8.98%	0.42%
2016	9.76%	0.00%
2015	11.30%	0.00%
2014	10.14%	0.00%
2013	9.88%	0.00%
2012	10.92%	0.00%
2011	11.51%	0.00%
2010	11.29%	0.00%
2009	9.97%	0.00%
2008	15.74%	0.00%
2007	9.14%	0.00%
2006	9.15%	0.00%
2005	10.66%	0.00%
2004	10.62%	0.00%
2003	11.56%	0.00%
2002	20.33%	0.00%
2001	16.29%	0.00%
2000	7.76%	0.00%