SPDN vs DHF

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

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

SPDN vs DHF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

SPDN

$198M

Winner

DHF

$198M

Expense Ratio

SPDN

0.48%

DHF

N/A

Max Drawdown

Winner

SPDN

79.61%

DHF

84.99%

Sharpe Ratio

SPDN

-1.51

Winner

DHF

0.14

5Y Beta

Winner

SPDN

-0.97

DHF

0.40

5Y Dividends CAGR

Winner

SPDN

89.77%

DHF

-2.48%

SPDN vs DHF - Historical Returns

Returns include dividend reinvestment.

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

SPDN

-1.02%

Winner

DHF

+1.15%

SPDN

-9.94%

Winner

DHF

+3.93%

SPDN

-7.60%

Winner

DHF

+1.05%

SPDN

-15.57%

Winner

DHF

+3.99%

5Y(CAGR)

SPDN

-8.77%

Winner

DHF

+2.73%

10Y(CAGR)

SPDN

-12.67%

Winner

DHF

+5.85%

Max(CAGR)

SPDN

-12.42%

Winner

DHF

+4.38%

SPDN vs DHF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

SPDN vs DHF Drawdown Comparison

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

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

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

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

Correlation

Correlation between SPDN and DHF 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)

SPDN vs DHF dividend yield comparison.

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