SPDN vs VPV

Comparison between DIREXION DAILY S&P 500 (R) BEAR 1X SHARES (SPDN, ETF) and Invesco Pennsylvania Value Municipal Income Trust (VPV, ETF).

5-Year PerformanceVPV has outperformed SPDN, delivering a return of +1.8% compared to -8.0%

SPDN vs VPV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SPDN(ETF)	VPV(ETF)
Net Assets	$195M	$195M
Expense Ratio	0.48%	N/A
Max Drawdown	79.63%	57.33%
Sharpe Ratio	-1.23	1.32
5Y Beta	-0.97	0.16
5Y Dividends CAGR	N/A	5.99%

Net Assets

SPDN

$195M

VPV

$195M

Expense Ratio

SPDN

0.48%

VPV

N/A

Max Drawdown

SPDN

79.63%

Winner

VPV

57.33%

Sharpe Ratio

SPDN

-1.23

Winner

VPV

1.32

5Y Beta

Winner

SPDN

-0.97

VPV

0.16

5Y Dividends CAGR

SPDN

N/A

VPV

5.99%

SPDN vs VPV - Historical Returns

Returns include dividend reinvestment.

Period	SPDN	VPV
1 month	+0.10%	-1.84%
3 months	-4.79%	+4.99%
6 months	-6.55%	+6.14%
1 year	-11.89%	+18.29%
5 years(CAGR)	-8.04%	+1.77%
10 years(CAGR)	-12.17%	+2.91%
Max(CAGR)	-12.26%	+5.45%

Winner

SPDN

+0.10%

VPV

-1.84%

SPDN

-4.79%

Winner

VPV

+4.99%

SPDN

-6.55%

Winner

VPV

+6.14%

SPDN

-11.89%

Winner

VPV

+18.29%

5Y(CAGR)

SPDN

-8.04%

Winner

VPV

+1.77%

10Y(CAGR)

SPDN

-12.17%

Winner

VPV

+2.91%

Max(CAGR)

SPDN

-12.26%

Winner

VPV

+5.45%

SPDN vs VPV - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SPDN	VPV
2026	-6.65%	+8.64%
2025	-11.32%	+8.79%
2024	-13.44%	+9.04%
2023	-15.40%	+5.12%
2022	+19.39%	-25.87%
2021	-24.71%	+14.20%
2020	-23.87%	+1.31%
2019	-21.99%	+17.66%
2018	+6.21%	+1.56%
2017	-16.49%	+4.53%
2016	-6.92%	-0.01%
2015	N/A	-1.05%
2014	N/A	+21.34%
2013	N/A	-17.17%
2012	N/A	+14.44%
2011	N/A	+19.54%
2010	N/A	+5.70%
2009	N/A	+52.27%
2008	N/A	-31.63%
2007	N/A	-3.46%
2006	N/A	+8.68%
2005	N/A	-10.57%
2004	N/A	+5.78%
2003	N/A	+10.48%
2002	N/A	+13.64%
2001	N/A	+17.81%
2000	N/A	+10.61%
1999	N/A	-4.50%

SPDN vs VPV 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 VPV was -45.08%, occurring on Dec 12, 2008. Recovery took 636 trading sessions.

The current SPDN drawdown is -74.85%. The current VPV drawdown is -4.09%.

Rank	SPDN	VPV
#1	-75.30% Jun 27, 2016 - Jun 2, 2026	-45.08% Mar 14, 2007 - Sep 21, 2009
#2	-2.37% Jun 16, 2016 - Jun 24, 2016	-33.06% Dec 31, 2021 - Feb 12, 2026
#3	N/A	-29.89% Nov 29, 2019 - Feb 8, 2021
#4	N/A	-26.93% Nov 30, 2012 - Apr 5, 2016
#5	N/A	-19.07% Oct 29, 2010 - Sep 14, 2011
#6	N/A	-17.99% Mar 10, 2004 - Dec 28, 2004
#7	N/A	-15.98% Jul 1, 2016 - Apr 10, 2019
#8	N/A	-14.21% Dec 28, 2004 - Feb 8, 2007
#9	N/A	-12.13% Jun 17, 2003 - Jan 9, 2004
#10	N/A	-8.77% Aug 8, 2000 - Jan 3, 2001
#11	N/A	-7.88% Feb 4, 2000 - Jul 3, 2000
#12	N/A	-7.68% Mar 9, 2012 - May 3, 2012
#13	N/A	-7.67% Aug 16, 2002 - May 2, 2003
#14	N/A	-7.65% Oct 8, 2009 - Jan 7, 2010
#15	N/A	-7.30% Jul 30, 2012 - Sep 25, 2012

Correlation

Correlation between SPDN and VPV is -0.67 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.67

-101

Dividend Comparison (2000 - 2026)

SPDN vs VPV dividend yield comparison.

Year	SPDN	VPV
2026	1.38%	4.28%
2025	4.06%	7.65%
2024	5.32%	6.07%
2023	5.84%	3.81%
2022	0.96%	5.48%
2021	0.00%	4.29%
2020	0.10%	4.61%
2019	1.89%	4.85%
2018	1.24%	5.94%
2017	0.42%	5.15%
2016	0.00%	6.00%
2015	0.00%	6.09%
2014	0.00%	6.48%
2013	0.00%	7.41%
2012	0.00%	5.88%
2011	0.00%	6.33%
2010	0.00%	7.11%
2009	0.00%	6.38%
2008	0.00%	8.99%
2007	0.00%	5.51%
2006	0.00%	5.47%
2005	0.00%	6.54%
2004	0.00%	6.62%
2003	0.00%	7.02%
2002	0.00%	6.50%
2001	0.00%	5.65%
2000	0.00%	1.97%