SPDN vs HYBI
Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and NEOS ENHANCED INCOME CREDIT SELECT ETF (HYBI, ETF).
SPDN vs HYBI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SPDN
$220M
HYBI
$218M
Expense Ratio
Winner
SPDN
0.48%
HYBI
0.68%
Max Drawdown
SPDN
79.61%
Winner
HYBI
7.56%
Sharpe Ratio
SPDN
-1.56
Winner
HYBI
0.88
5Y Beta
Winner
SPDN
-0.97
HYBI
0.24
5Y Dividends CAGR
SPDN
89.77%
HYBI
N/A
SPDN vs HYBI - Historical Returns
Returns include dividend reinvestment.
1M
SPDN
-1.56%
Winner
HYBI
-0.32%
3M
SPDN
-6.77%
Winner
HYBI
+0.49%
6M
SPDN
-5.22%
Winner
HYBI
+1.55%
1Y
SPDN
-15.66%
Winner
HYBI
+6.84%
5Y(CAGR)
SPDN
-8.47%
HYBI
N/A
10Y(CAGR)
SPDN
-12.33%
HYBI
N/A
Max(CAGR)
SPDN
-12.33%
Winner
HYBI
+4.48%
SPDN vs HYBI - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | SPDN | HYBI |
|---|---|---|
| 2026 | -5.78% | +1.02% |
| 2025 | -11.32% | +6.71% |
| 2024 | -13.44% | -0.48% |
| 2023 | -15.40% | N/A |
| 2022 | +19.39% | N/A |
| 2021 | -24.71% | N/A |
| 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 HYBI 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 HYBI was -4.68%, occurring on Apr 8, 2025. Recovery took 79 trading sessions.
The current SPDN drawdown is -74.61%. The current HYBI drawdown is -0.70%.
| Rank | SPDN | HYBI |
|---|---|---|
| #1 | -75.30% Jun 27, 2016 - Jun 2, 2026 | -4.68% Feb 26, 2025 - Jun 20, 2025 |
| #2 | -2.37% Jun 16, 2016 - Jun 24, 2016 | -1.89% Dec 6, 2024 - Feb 14, 2025 |
| #3 | N/A | -1.43% Feb 20, 2026 - Apr 14, 2026 |
| #4 | N/A | -1.21% Oct 6, 2025 - Oct 24, 2025 |
| #5 | N/A | -1.14% Sep 30, 2024 - Nov 7, 2024 |
| #6 | N/A | -1.06% Oct 27, 2025 - Nov 28, 2025 |
| #7 | N/A | -0.97% May 6, 2026 - May 29, 2026 |
| #8 | N/A | -0.76% Nov 8, 2024 - Nov 29, 2024 |
| #9 | N/A | -0.70% Jun 2, 2026 - Jun 5, 2026 |
| #10 | N/A | -0.59% Jul 2, 2025 - Jul 21, 2025 |
| #11 | N/A | -0.48% Apr 17, 2026 - May 6, 2026 |
| #12 | N/A | -0.47% Aug 13, 2025 - Aug 22, 2025 |
| #13 | N/A | -0.44% Jan 16, 2026 - Jan 22, 2026 |
| #14 | N/A | -0.38% Feb 2, 2026 - Feb 6, 2026 |
| #15 | N/A | -0.38% Sep 22, 2025 - Oct 1, 2025 |
Correlation
Correlation between SPDN and HYBI is -0.94 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.94
-101
Dividend Comparison (2017 - 2026)
SPDN vs HYBI dividend yield comparison.
| Year | SPDN | HYBI |
|---|---|---|
| 2026 | 0.57% | 3.41% |
| 2025 | 4.06% | 8.48% |
| 2024 | 5.32% | 2.21% |
| 2023 | 5.84% | 0.00% |
| 2022 | 0.96% | 0.00% |
| 2020 | 0.10% | 0.00% |
| 2019 | 1.89% | 0.00% |
| 2018 | 1.24% | 0.00% |
| 2017 | 0.42% | 0.00% |
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