SPDN vs DAPP

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and VANECK DIGITAL TRANSFORMATION ETF (DAPP, ETF).

5-Year PerformanceDAPP has outperformed SPDN, delivering a return of -3.4% compared to -7.8%

SPDN vs DAPP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	DAPP(ETF)
Net Assets	$229M	$229M
Expense Ratio	0.48%	0.52%
Max Drawdown	80.11%	92.63%
Sharpe Ratio	-1.22	0.48
5Y Beta	-0.97	2.53
P/E Ratio	N/A	-4.42
Forward P/E	N/A	41.90
Debt to Equity	N/A	72.51%
P/S Ratio	N/A	2.29
P/B Ratio	N/A	2.52

Net Assets

Winner

SPDN

$229M

DAPP

$229M

Expense Ratio

Winner

SPDN

0.48%

DAPP

0.52%

Max Drawdown

Winner

SPDN

80.11%

DAPP

92.63%

Sharpe Ratio

SPDN

-1.22

Winner

DAPP

0.48

5Y Beta

Winner

SPDN

-0.97

DAPP

2.53

P/E Ratio

SPDN

N/A

DAPP

-4.42

Forward P/E

SPDN

N/A

DAPP

41.90

Debt to Equity

SPDN

N/A

DAPP

72.51%

P/S Ratio

SPDN

N/A

DAPP

2.29

P/B Ratio

SPDN

N/A

DAPP

2.52

SPDN vs DAPP - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	DAPP
1 month	-3.18%	+12.42%
3 months	-1.06%	-6.80%
6 months	-7.79%	+22.85%
1 year	-12.32%	+17.71%
5 years(CAGR)	-7.81%	-3.39%
10 years(CAGR)	-12.30%	N/A
Max(CAGR)	-12.33%	-6.45%

SPDN

-3.18%

Winner

DAPP

+12.42%

Winner

SPDN

-1.06%

DAPP

-6.80%

SPDN

-7.79%

Winner

DAPP

+22.85%

SPDN

-12.32%

Winner

DAPP

+17.71%

5Y(CAGR)

SPDN

-7.81%

Winner

DAPP

-3.39%

10Y(CAGR)

SPDN

-12.30%

DAPP

N/A

Max(CAGR)

SPDN

-12.33%

Winner

DAPP

-6.45%

SPDN vs DAPP - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	SPDN	DAPP
2026	-8.47%	+13.88%
2025	-11.32%	+9.54%
2024	-13.44%	+49.63%
2023	-15.40%	+279.34%
2022	+19.39%	-85.71%
2021	-24.71%	-38.38%
2020	-23.87%	N/A
2019	-21.99%	N/A
2018	+6.21%	N/A
2017	-16.49%	N/A
2016	-6.92%	N/A

SPDN vs DAPP Drawdown Comparison

The maximum drawdown for SPDN was -75.72%, occurring on Aug 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for DAPP was -91.87%, occurring on Dec 28, 2022. This drawdown has not yet recovered.

The current SPDN drawdown is -75.34%. The current DAPP drawdown is -32.37%.

Rank	SPDN	DAPP
#1	-75.72% Jun 27, 2016 - Aug 13, 2026	-91.87% Nov 9, 2021 - Dec 28, 2022
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-39.21% Apr 14, 2021 - Nov 8, 2021

Correlation

Correlation between SPDN and DAPP is -0.49 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.49

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