PCMM vs SPDN
Comparison between BondBloxx Private Credit CLO ETF (PCMM, ETF) and DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF).
PCMM vs SPDN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PCMM
$194M
Winner
SPDN
$195M
Expense Ratio
PCMM
0.68%
Winner
SPDN
0.48%
Max Drawdown
Winner
PCMM
4.79%
SPDN
79.63%
Sharpe Ratio
Winner
PCMM
0.27
SPDN
-1.23
5Y Beta
PCMM
0.08
Winner
SPDN
-0.97
PCMM vs SPDN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PCMM
+0.48%
SPDN
+0.10%
3M
Winner
PCMM
+2.63%
SPDN
-4.79%
6M
Winner
PCMM
+2.42%
SPDN
-6.55%
1Y
Winner
PCMM
+4.67%
SPDN
-11.89%
5Y(CAGR)
PCMM
N/A
SPDN
-8.04%
10Y(CAGR)
PCMM
N/A
SPDN
-12.17%
Max(CAGR)
Winner
PCMM
+5.76%
SPDN
-12.26%
PCMM vs SPDN - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | PCMM | SPDN |
|---|---|---|
| 2026 | +2.64% | -6.65% |
| 2025 | +6.08% | -11.32% |
| 2024 | +0.50% | -13.44% |
| 2023 | N/A | -15.40% |
| 2022 | N/A | +19.39% |
| 2021 | N/A | -24.71% |
| 2020 | N/A | -23.87% |
| 2019 | N/A | -21.99% |
| 2018 | N/A | +6.21% |
| 2017 | N/A | -16.49% |
| 2016 | N/A | -6.92% |
PCMM vs SPDN Drawdown Comparison
The maximum drawdown for PCMM was -4.33%, occurring on Apr 8, 2025. Recovery took 31 trading sessions.
The maximum drawdown for SPDN was -75.30%, occurring on Jun 2, 2026. This drawdown has not yet recovered.
The current PCMM drawdown is -0.09%. The current SPDN drawdown is -74.85%.
| Rank | PCMM | SPDN |
|---|---|---|
| #1 | -4.33% Mar 27, 2025 - May 12, 2025 | -75.30% Jun 27, 2016 - Jun 2, 2026 |
| #2 | -2.15% Feb 20, 2026 - May 18, 2026 | -2.37% Jun 16, 2016 - Jun 24, 2016 |
| #3 | -1.51% Jun 2, 2025 - Jul 9, 2025 | N/A |
| #4 | -1.14% May 22, 2025 - Jun 2, 2025 | N/A |
| #5 | -0.81% May 19, 2026 - Jun 8, 2026 | N/A |
| #6 | -0.79% Aug 1, 2025 - Aug 8, 2025 | N/A |
| #7 | -0.67% Jul 2, 2026 - Jul 16, 2026 | N/A |
| #8 | -0.55% May 15, 2025 - May 22, 2025 | N/A |
| #9 | -0.54% Oct 14, 2025 - Oct 31, 2025 | N/A |
| #10 | -0.53% Feb 25, 2025 - Mar 11, 2025 | N/A |
| #11 | -0.53% Nov 25, 2025 - Dec 18, 2025 | N/A |
| #12 | -0.53% Feb 3, 2026 - Feb 13, 2026 | N/A |
| #13 | -0.47% Dec 27, 2024 - Jan 21, 2025 | N/A |
| #14 | -0.44% Mar 11, 2025 - Mar 18, 2025 | N/A |
| #15 | -0.43% Jul 10, 2025 - Jul 18, 2025 | N/A |
Correlation
Correlation between PCMM and SPDN is -0.90 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
-0.90
-101
Dividend Comparison (2017 - 2026)
PCMM vs SPDN dividend yield comparison.
| Year | PCMM | SPDN |
|---|---|---|
| 2026 | 3.05% | 1.38% |
| 2025 | 7.02% | 4.06% |
| 2024 | 0.00% | 5.32% |
| 2023 | 0.00% | 5.84% |
| 2022 | 0.00% | 0.96% |
| 2020 | 0.00% | 0.10% |
| 2019 | 0.00% | 1.89% |
| 2018 | 0.00% | 1.24% |
| 2017 | 0.00% | 0.42% |
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