SPDN vs JHPI

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and JOHN HANCOCK PREFERRED INCOME ETF (JHPI, ETF).

5-Year PerformanceJHPI has outperformed SPDN, delivering a return of +3.8% compared to -8.8%

SPDN vs JHPI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	JHPI(ETF)
Net Assets	$198M	$197M
Expense Ratio	0.48%	0.54%
Max Drawdown	79.61%	21.76%
Sharpe Ratio	-1.51	1.11
5Y Beta	-0.97	0.13
5Y Dividends CAGR	89.77%	N/A

Net Assets

Winner

SPDN

$198M

JHPI

$197M

Expense Ratio

Winner

SPDN

0.48%

JHPI

0.54%

Max Drawdown

SPDN

79.61%

Winner

JHPI

21.76%

Sharpe Ratio

SPDN

-1.51

Winner

JHPI

1.11

5Y Beta

Winner

SPDN

-0.97

JHPI

0.13

5Y Dividends CAGR

SPDN

89.77%

JHPI

N/A

SPDN vs JHPI - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	JHPI
1 month	-1.02%	+0.33%
3 months	-9.94%	+1.46%
6 months	-7.60%	+2.52%
1 year	-15.57%	+8.15%
5 years(CAGR)	-8.77%	+3.81%
10 years(CAGR)	-12.67%	N/A
Max(CAGR)	-12.42%	+3.81%

SPDN

-1.02%

Winner

JHPI

+0.33%

SPDN

-9.94%

Winner

JHPI

+1.46%

SPDN

-7.60%

Winner

JHPI

+2.52%

SPDN

-15.57%

Winner

JHPI

+8.15%

5Y(CAGR)

SPDN

-8.77%

Winner

JHPI

+3.81%

10Y(CAGR)

SPDN

-12.67%

JHPI

N/A

Max(CAGR)

SPDN

-12.42%

Winner

JHPI

+3.81%

SPDN vs JHPI - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	SPDN	JHPI
2026	-7.17%	+1.70%
2025	-11.32%	+6.82%
2024	-13.44%	+10.77%
2023	-15.40%	+6.78%
2022	+19.39%	-9.64%
2021	-24.71%	+0.62%
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 JHPI 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 JHPI was -13.45%, occurring on Mar 20, 2023. Recovery took 546 trading sessions.

The current SPDN drawdown is -74.99%. The current JHPI drawdown is -0.32%.

Rank	SPDN	JHPI
#1	-75.30% Jun 27, 2016 - Jun 2, 2026	-13.45% Jan 3, 2022 - Mar 7, 2024
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-4.04% Nov 8, 2024 - Jun 20, 2025
#3	N/A	-3.07% Feb 20, 2026 - Mar 27, 2026
#4	N/A	-2.51% Mar 27, 2024 - May 15, 2024
#5	N/A	-1.70% Oct 27, 2025 - Jan 2, 2026
#6	N/A	-1.14% Oct 14, 2024 - Nov 8, 2024
#7	N/A	-1.00% Jul 17, 2024 - Aug 14, 2024
#8	N/A	-0.99% Jul 10, 2025 - Jul 31, 2025
#9	N/A	-0.96% May 17, 2024 - May 31, 2024
#10	N/A	-0.81% Oct 6, 2025 - Oct 21, 2025
#11	N/A	-0.79% Dec 15, 2021 - Dec 21, 2021
#12	N/A	-0.73% Sep 23, 2024 - Oct 14, 2024
#13	N/A	-0.71% Jun 18, 2024 - Jul 3, 2024
#14	N/A	-0.60% Sep 19, 2025 - Oct 6, 2025
#15	N/A	-0.51% Jun 6, 2024 - Jun 13, 2024

Correlation

Correlation between SPDN and JHPI is -0.95 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.95

-101