SPDN vs IGBH

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and ISHARES INTEREST RATE HEDGED LONG-TERM CORPORATE BOND ETF (IGBH, ETF).

5-Year PerformanceIGBH has outperformed SPDN, delivering a return of +5.3% compared to -8.0%

SPDN vs IGBH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	IGBH(ETF)
Net Assets	$195M	$195M
Expense Ratio	0.48%	0.14%
Max Drawdown	79.63%	38.89%
Sharpe Ratio	-1.23	0.69
5Y Beta	-0.97	0.23
5Y Dividends CAGR	N/A	21.62%

Net Assets

SPDN

$195M

Winner

IGBH

$195M

Expense Ratio

SPDN

0.48%

Winner

IGBH

0.14%

Max Drawdown

SPDN

79.63%

Winner

IGBH

38.89%

Sharpe Ratio

SPDN

-1.23

Winner

IGBH

0.69

5Y Beta

Winner

SPDN

-0.97

IGBH

0.23

5Y Dividends CAGR

SPDN

N/A

IGBH

21.62%

SPDN vs IGBH - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	IGBH
1 month	+0.10%	-0.89%
3 months	-4.79%	+1.16%
6 months	-6.55%	+0.27%
1 year	-11.89%	+6.56%
5 years(CAGR)	-8.04%	+5.30%
10 years(CAGR)	-12.17%	+4.77%
Max(CAGR)	-12.26%	+4.59%

Winner

SPDN

+0.10%

IGBH

-0.89%

SPDN

-4.79%

Winner

IGBH

+1.16%

SPDN

-6.55%

Winner

IGBH

+0.27%

SPDN

-11.89%

Winner

IGBH

+6.56%

5Y(CAGR)

SPDN

-8.04%

Winner

IGBH

+5.30%

10Y(CAGR)

SPDN

-12.17%

Winner

IGBH

+4.77%

Max(CAGR)

SPDN

-12.26%

Winner

IGBH

+4.59%

SPDN vs IGBH - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	SPDN	IGBH
2026	-6.65%	+1.47%
2025	-11.32%	+8.11%
2024	-13.44%	+7.57%
2023	-15.40%	+12.32%
2022	+19.39%	-3.22%
2021	-24.71%	+3.04%
2020	-23.87%	+1.46%
2019	-21.99%	+9.69%
2018	+6.21%	-4.22%
2017	-16.49%	+9.75%
2016	-6.92%	+7.57%
2015	N/A	-0.51%

SPDN vs IGBH 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 IGBH was -33.67%, occurring on Mar 20, 2020. Recovery took 233 trading sessions.

The current SPDN drawdown is -74.85%. The current IGBH drawdown is -1.09%.

Rank	SPDN	IGBH
#1	-75.30% Jun 27, 2016 - Jun 2, 2026	-33.67% Jan 17, 2020 - Dec 18, 2020
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-10.49% Sep 27, 2021 - Jun 16, 2023
#3	N/A	-8.51% Jan 23, 2018 - Dec 18, 2019
#4	N/A	-8.12% Oct 22, 2015 - Apr 22, 2016
#5	N/A	-6.93% Feb 14, 2025 - Jul 1, 2025
#6	N/A	-4.24% Jan 22, 2026 - May 14, 2026
#7	N/A	-3.03% May 31, 2024 - Sep 18, 2024
#8	N/A	-2.87% Apr 29, 2016 - Jul 26, 2016
#9	N/A	-2.87% Feb 17, 2021 - Mar 31, 2021
#10	N/A	-2.59% Sep 18, 2015 - Oct 22, 2015
#11	N/A	-2.36% Apr 6, 2021 - Sep 24, 2021
#12	N/A	-2.04% Jul 6, 2017 - Sep 29, 2017
#13	N/A	-1.93% Oct 20, 2016 - Dec 6, 2016
#14	N/A	-1.76% Dec 31, 2019 - Jan 17, 2020
#15	N/A	-1.56% Dec 29, 2020 - Jan 13, 2021

Correlation

Correlation between SPDN and IGBH is -0.84 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.84

-101

Dividend Comparison (2015 - 2026)

SPDN vs IGBH dividend yield comparison.

Year	SPDN	IGBH
2026	1.38%	2.60%
2025	4.06%	6.23%
2024	5.32%	6.88%
2023	5.84%	7.32%
2022	0.96%	3.84%
2021	0.00%	2.71%
2020	0.10%	2.39%
2019	1.89%	3.40%
2018	1.24%	5.56%
2017	0.42%	2.87%
2016	0.00%	2.62%
2015	0.00%	1.12%