SPDN vs ROKT

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and STATE STREET(R) SPDR(R) S&P KENSHO FINAL FRONTIERS ETF (ROKT, ETF).

5-Year PerformanceROKT has outperformed SPDN, delivering a return of +23.0% compared to -7.8%

SPDN vs ROKT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	ROKT(ETF)
Net Assets	$229M	$228M
Expense Ratio	0.48%	0.45%
Max Drawdown	80.11%	43.29%
Sharpe Ratio	-1.22	1.47
5Y Beta	-0.97	1.22
P/E Ratio	N/A	58.85
Forward P/E	N/A	24.44
PEG Ratio	N/A	0.72
5Y Dividends CAGR	N/A	-12.71%
5Y EPS CAGR	N/A	10.15%
Debt to Equity	N/A	59.81%
P/S Ratio	N/A	2.68
P/B Ratio	N/A	4.71

Net Assets

Winner

SPDN

$229M

ROKT

$228M

Expense Ratio

SPDN

0.48%

Winner

ROKT

0.45%

Max Drawdown

SPDN

80.11%

Winner

ROKT

43.29%

Sharpe Ratio

SPDN

-1.22

Winner

ROKT

1.47

5Y Beta

Winner

SPDN

-0.97

ROKT

1.22

P/E Ratio

SPDN

N/A

ROKT

58.85

Forward P/E

SPDN

N/A

ROKT

24.44

PEG Ratio

SPDN

N/A

ROKT

0.72

5Y Dividends CAGR

SPDN

N/A

ROKT

-12.71%

5Y EPS CAGR

SPDN

N/A

ROKT

10.15%

Debt to Equity

SPDN

N/A

ROKT

59.81%

P/S Ratio

SPDN

N/A

ROKT

2.68

P/B Ratio

SPDN

N/A

ROKT

4.71

SPDN vs ROKT - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	ROKT
1 month	-3.18%	+0.16%
3 months	-1.06%	-14.38%
6 months	-7.79%	+7.69%
1 year	-12.32%	+58.45%
5 years(CAGR)	-7.81%	+23.02%
10 years(CAGR)	-12.30%	N/A
Max(CAGR)	-12.33%	+19.19%

SPDN

-3.18%

Winner

ROKT

+0.16%

Winner

SPDN

-1.06%

ROKT

-14.38%

SPDN

-7.79%

Winner

ROKT

+7.69%

SPDN

-12.32%

Winner

ROKT

+58.45%

5Y(CAGR)

SPDN

-7.81%

Winner

ROKT

+23.02%

10Y(CAGR)

SPDN

-12.30%

ROKT

N/A

Max(CAGR)

SPDN

-12.33%

Winner

ROKT

+19.19%

SPDN vs ROKT - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	SPDN	ROKT
2026	-8.47%	+26.01%
2025	-11.32%	+49.87%
2024	-13.44%	+29.56%
2023	-15.40%	+14.50%
2022	+19.39%	-1.24%
2021	-24.71%	+7.93%
2020	-23.87%	+6.47%
2019	-21.99%	+40.67%
2018	+6.21%	-13.19%
2017	-16.49%	N/A
2016	-6.92%	N/A

SPDN vs ROKT Drawdown Comparison

The maximum drawdown for SPDN was -75.72%, occurring on Aug 13, 2026. This drawdown has not yet recovered.

The maximum drawdown for ROKT was -43.16%, occurring on Mar 23, 2020. Recovery took 209 trading sessions.

The current SPDN drawdown is -75.34%. The current ROKT drawdown is -18.43%.

Rank	SPDN	ROKT
#1	-75.72% Jun 27, 2016 - Aug 13, 2026	-43.16% Feb 11, 2020 - Dec 8, 2020
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-23.47% Jan 21, 2025 - Jun 23, 2025
#3	N/A	-23.29% Jun 25, 2021 - Jun 16, 2023
#4	N/A	-22.83% May 28, 2026 - Jul 29, 2026
#5	N/A	-17.95% Oct 23, 2018 - Feb 6, 2019
#6	N/A	-14.43% Jul 20, 2023 - Dec 22, 2023
#7	N/A	-11.40% Mar 2, 2026 - Apr 8, 2026
#8	N/A	-10.28% Oct 8, 2025 - Dec 10, 2025
#9	N/A	-8.76% Jan 27, 2026 - Feb 19, 2026
#10	N/A	-8.47% Nov 29, 2024 - Jan 21, 2025
#11	N/A	-7.55% Jul 31, 2024 - Aug 19, 2024
#12	N/A	-6.97% Dec 27, 2023 - May 9, 2024
#13	N/A	-6.85% Dec 11, 2025 - Dec 22, 2025
#14	N/A	-6.81% Apr 17, 2026 - May 11, 2026
#15	N/A	-6.25% Feb 9, 2021 - Mar 12, 2021

Correlation

Correlation between SPDN and ROKT is -0.66 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.66

-101