Snapshot*
Top 10 Holdings
What is SPDN?
The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the S&P 500 Index. The S&P 500 Index is a capitalization weighted index composed of 500 domestic common stocks. Standard & Poor s selects the 500 stocks comprising the Index on the basis of market values and industry diversification. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and are generally listed on the New York Stock exchange. The companies included in the index have an average market capitalization of more than $36.61 billion dollars and a median market capitalization of $17.29 billion dollars as of May 31, 2016. One cannot directly invest in an index.
SPDNPerformance Measures**
for the time period Jun 8, 2016 to Dec 4, 2025
1M Trailing Return: -0.9%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -3.9%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -73.5%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 18.3%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -0.64
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.17
The annualized return divided by the max drawdown for the selected time period.
ETFs related toSPDN
ETFs correlated to SPDN include SDS, SPXS, SPXU
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toSPDN
FTL's 🌟 Starburst GEN-II v1.c w/ BWC Ultimate FR [Removed BB] Added Walter's Champagne and Cocaine Strats and NOVA | (multiple TQQQ, one crypto) KMLM Switcher MonkeyBusiness WM74 + Wash
Category
Tactical multi-asset, leveraged ETFs, volatility hedging, managed futures, mean reversion, momentum, regime switching, daily rebalancing
OOS Cumulative Return
208.65%
Aggressive Battleship III/ Sort WM 74
Category
Tactical allocation, trend-following, momentum rotation, multi-asset, leveraged ETFs, crash-hedge, commodities tilt, daily rebalanced
OOS Cumulative Return
147.42%
Create your own algorithmic trading strategy with SPDN using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.