SPDN vs NZAC

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and STATE STREET(R) SPDR(R) MSCI ACWI CLIMATE PARIS ALIGNED ETF (NZAC, ETF).

5-Year PerformanceNZAC has outperformed SPDN, delivering a return of +9.8% compared to -8.8%

SPDN vs NZAC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	NZAC(ETF)
Net Assets	$198M	$196M
Expense Ratio	0.48%	0.12%
Max Drawdown	79.61%	33.72%
Sharpe Ratio	-1.51	1.19
5Y Beta	-0.97	0.92
P/E Ratio	N/A	30.18
Forward P/E	N/A	23.86
PEG Ratio	N/A	0.48
5Y Dividends CAGR	89.77%	10.11%
5Y EPS CAGR	N/A	28.29%
Debt to Equity	N/A	17.77%
P/S Ratio	N/A	5.07
P/B Ratio	N/A	6.36

Net Assets

Winner

SPDN

$198M

NZAC

$196M

Expense Ratio

SPDN

0.48%

Winner

NZAC

0.12%

Max Drawdown

SPDN

79.61%

Winner

NZAC

33.72%

Sharpe Ratio

SPDN

-1.51

Winner

NZAC

1.19

5Y Beta

Winner

SPDN

-0.97

NZAC

0.92

P/E Ratio

SPDN

N/A

NZAC

30.18

Forward P/E

SPDN

N/A

NZAC

23.86

PEG Ratio

SPDN

N/A

NZAC

0.48

5Y Dividends CAGR

Winner

SPDN

89.77%

NZAC

10.11%

5Y EPS CAGR

SPDN

N/A

NZAC

28.29%

Debt to Equity

SPDN

N/A

NZAC

17.77%

P/S Ratio

SPDN

N/A

NZAC

5.07

P/B Ratio

SPDN

N/A

NZAC

6.36

SPDN vs NZAC - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	NZAC
1 month	-1.02%	+1.99%
3 months	-9.94%	+11.11%
6 months	-7.60%	+8.91%
1 year	-15.57%	+22.31%
5 years(CAGR)	-8.77%	+9.75%
10 years(CAGR)	-12.67%	+12.32%
Max(CAGR)	-12.42%	+10.21%

SPDN

-1.02%

Winner

NZAC

+1.99%

SPDN

-9.94%

Winner

NZAC

+11.11%

SPDN

-7.60%

Winner

NZAC

+8.91%

SPDN

-15.57%

Winner

NZAC

+22.31%

5Y(CAGR)

SPDN

-8.77%

Winner

NZAC

+9.75%

10Y(CAGR)

SPDN

-12.67%

Winner

NZAC

+12.32%

Max(CAGR)

SPDN

-12.42%

Winner

NZAC

+10.21%

SPDN vs NZAC - Annual Returns (2014 - 2026)

Returns include dividend reinvestment.

Year	SPDN	NZAC
2026	-7.17%	+7.67%
2025	-11.32%	+20.53%
2024	-13.44%	+17.92%
2023	-15.40%	+22.65%
2022	+19.39%	-20.14%
2021	-24.71%	+19.09%
2020	-23.87%	+16.07%
2019	-21.99%	+28.09%
2018	+6.21%	-10.30%
2017	-16.49%	+22.82%
2016	-6.92%	+10.73%
2015	N/A	-2.15%
2014	N/A	-2.07%

SPDN vs NZAC 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 NZAC was -33.72%, occurring on Mar 23, 2020. Recovery took 134 trading sessions.

The current SPDN drawdown is -74.99%. The current NZAC drawdown is -1.63%.

Rank	SPDN	NZAC
#1	-75.30% Jun 27, 2016 - Jun 2, 2026	-33.72% Feb 12, 2020 - Aug 24, 2020
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-28.30% Jan 4, 2022 - Feb 7, 2024
#3	N/A	-19.53% Jan 26, 2018 - Jul 3, 2019
#4	N/A	-18.13% May 19, 2015 - Dec 13, 2016
#5	N/A	-16.19% Feb 20, 2025 - May 19, 2025
#6	N/A	-10.10% Jan 27, 2026 - Apr 15, 2026
#7	N/A	-7.72% Jul 12, 2024 - Aug 19, 2024
#8	N/A	-7.46% Sep 2, 2020 - Nov 6, 2020
#9	N/A	-6.50% Jul 26, 2019 - Oct 24, 2019
#10	N/A	-5.72% Mar 27, 2024 - May 14, 2024
#11	N/A	-5.69% Sep 3, 2021 - Oct 28, 2021
#12	N/A	-5.62% Dec 6, 2024 - Feb 18, 2025
#13	N/A	-5.50% Oct 28, 2025 - Dec 24, 2025
#14	N/A	-5.31% Nov 26, 2014 - Feb 13, 2015
#15	N/A	-5.06% Feb 16, 2021 - Apr 5, 2021

Correlation

Correlation between SPDN and NZAC is -0.90 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.90

-101

Dividend Comparison (2014 - 2026)

SPDN vs NZAC dividend yield comparison.

Year	SPDN	NZAC
2026	0.57%	0.64%
2025	4.06%	1.90%
2024	5.32%	1.88%
2023	5.84%	1.65%
2022	0.96%	1.81%
2021	0.00%	1.62%
2020	0.10%	1.59%
2019	1.89%	2.17%
2018	1.24%	2.53%
2017	0.42%	2.20%
2016	0.00%	2.00%
2015	0.00%	2.40%
2014	0.00%	0.18%