SPDN vs TFGZ

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and THORNBURG FOCUS GROWTH FUND ETF CLASS (TFGZ, ETF).

SPDN vs TFGZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	TFGZ(ETF)
Net Assets	$220M	$219M
Expense Ratio	0.48%	0.79%
Max Drawdown	79.61%	4.11%
Sharpe Ratio	-1.56	4.39
5Y Beta	-0.97	1.20
P/E Ratio	N/A	66.00
Forward P/E	N/A	25.91
PEG Ratio	N/A	0.24
5Y Dividends CAGR	89.77%	N/A
Debt to Equity	N/A	18.01%
P/S Ratio	N/A	4.54
P/B Ratio	N/A	7.13

Net Assets

Winner

SPDN

$220M

TFGZ

$219M

Expense Ratio

Winner

SPDN

0.48%

TFGZ

0.79%

Max Drawdown

SPDN

79.61%

Winner

TFGZ

4.11%

Sharpe Ratio

SPDN

-1.56

Winner

TFGZ

4.39

5Y Beta

Winner

SPDN

-0.97

TFGZ

1.20

P/E Ratio

SPDN

N/A

TFGZ

66.00

Forward P/E

SPDN

N/A

TFGZ

25.91

PEG Ratio

SPDN

N/A

TFGZ

0.24

5Y Dividends CAGR

SPDN

89.77%

TFGZ

N/A

Debt to Equity

SPDN

N/A

TFGZ

18.01%

P/S Ratio

SPDN

N/A

TFGZ

4.54

P/B Ratio

SPDN

N/A

TFGZ

7.13

SPDN vs TFGZ - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	TFGZ
1 month	-1.56%	+0.99%
3 months	-6.77%	N/A
6 months	-5.22%	N/A
1 year	-15.66%	N/A
5 years(CAGR)	-8.47%	N/A
10 years(CAGR)	-12.33%	N/A
Max(CAGR)	-12.33%	+120.61%

SPDN

-1.56%

Winner

TFGZ

+0.99%

SPDN

-6.77%

TFGZ

N/A

SPDN

-5.22%

TFGZ

N/A

SPDN

-15.66%

TFGZ

N/A

5Y(CAGR)

SPDN

-8.47%

TFGZ

N/A

10Y(CAGR)

SPDN

-12.33%

TFGZ

N/A

Max(CAGR)

SPDN

-12.33%

Winner

TFGZ

+120.61%

SPDN vs TFGZ - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	SPDN	TFGZ
2026	-5.78%	+15.12%
2025	-11.32%	N/A
2024	-13.44%	N/A
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 TFGZ 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 TFGZ was -4.11%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current SPDN drawdown is -74.61%. The current TFGZ drawdown is -4.11%.

Rank	SPDN	TFGZ
#1	-75.30% Jun 27, 2016 - Jun 2, 2026	-4.11% Jun 2, 2026 - Jun 5, 2026
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-3.75% May 11, 2026 - May 26, 2026
#3	N/A	-2.14% Apr 22, 2026 - May 1, 2026
#4	N/A	-0.53% Apr 20, 2026 - Apr 22, 2026
#5	N/A	-0.47% Apr 8, 2026 - Apr 13, 2026
#6	N/A	-0.16% May 26, 2026 - May 28, 2026
#7	N/A	-0.14% May 6, 2026 - May 8, 2026

Correlation

Correlation between SPDN and TFGZ is -1.00 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-1.00

-101