DUST vs SPDN
Direxion Daily Gold Miners Index Bear 2X ETF vs Direxion Daily S&P 500 Bear 1X ETF
Which is better, DUST or SPDN?
SPDN has been ahead.
SPDN has a lower expense ratio. SPDN led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DUST | SPDN |
|---|---|---|
| Expense Ratio | 0.94% | 0.48%Best |
| AUM | $96M | $261M |
| Dividend Yield | 8.36% | 3.39% |
| Holdings | 14 | 10 |
| YTD Return | -46.34% | -9.15%Best |
| 1Y Return | -59.45% | -10.70%Best |
| 3Y Return (annualized) | -67.35% | -13.99%Best |
| 5Y Return (annualized) | -53.84% | -8.71%Best |
| Volatility (annualized) | 73.6% | 14.4%Best |
| Max Drawdown | - | -76.8% |
| $10,000 over 5 years | $210 | $6,340Best |
| Fund Family | Direxion Shares ETF Trust | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Trading-Inverse Equity | Trading-Inverse Equity |
| Inception | Dec 8, 2010 | Jun 8, 2016 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 8, 2016 to Oct 12, 2026 (10.3 years).
DUST vs SPDN growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 10.3 years both funds cover.
DUST vs SPDN Performance
Direxion Daily Gold Miners Index Bear 2X ETF (DUST) is an ETF from Direxion Shares ETF Trust and Direxion Daily S&P 500 Bear 1X ETF (SPDN) is an ETF from Direxion Shares ETF Trust. Over the past year DUST returned -59.45% while SPDN returned -10.70%. Year to date, DUST is down 46.34% versus a loss of 9.15% for SPDN.
Over three years, DUST compounded at -67.35% per year against -13.99% for SPDN; over five years the annualized figures are -53.84% and -8.71% respectively. Across the full 10-year window we track, SPDN has the edge at -12.65% annualized vs -53.56%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DUST has been the more volatile fund, with annualized monthly volatility of 73.6% compared with 14.4% for SPDN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.20. They move largely independently of each other.
Fees and Cost Over Time
DUST charges 0.94% per year while SPDN charges 0.48%. On a $10,000 position that is $94 vs $48 annually, a gap of $46 per year that compounds over a long holding period. On income, DUST currently yields 8.36% against 3.39% for SPDN.
Holdings Overlap
We hold position weights for 2 holdings in DUST and 2 in SPDN, totalling 101.0% and 103.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
2 positions in common, counted across the 2 positions we hold weights for in DUST and 2 in SPDN, against full books of 14 and 10.
You are not choosing between two funds in isolation.
Whichever of DUST and SPDN you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DUST or SPDN?
DUST has an expense ratio of 0.94% while SPDN charges 0.48%. SPDN is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, DUST or SPDN?
Over the past year DUST returned -59.45% vs -10.70% for SPDN, so SPDN leads on 1-year performance. Over the longest common window we track (10 years), DUST annualized -53.56% vs -12.65% for SPDN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DUST or SPDN?
DUST has been the more volatile fund at 73.6% annualized versus 14.4% for SPDN.
Should I hold both DUST and SPDN?
DUST and SPDN have a monthly-return correlation of 0.20, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DUST or SPDN?
DUST yields 8.36% while SPDN yields 3.39%, so DUST currently pays the higher dividend yield.
Is SPDN better than DUST?
SPDN has a lower expense ratio. SPDN led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.