Direxion Daily SHOP Bear 1X ETF (SHPD) Performance
SHPD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −75.5% since Dec 31, 2025
- 1 year
- −75.2% total return
- Since first price
- −77.5% since 2025
SHPD trailing returns vs SPY, QQQ, AGG
| Period | SHPD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −31.5% | −31.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −68.9% | −68.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −72.2% | −72.2% | +7.8% | +8.4% | −1.5% |
| YTD | −75.5% | −75.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −75.2% | −75.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionAug 6, 2025 | −77.5% | −77.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SHPD vs SPY
From Aug 6, 2025: SHPD grew to $2,254, SPY to $12,173.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SHPD returns by calendar year
2026 is year to date.
SHPD annual returns table
| Year | SHPD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −75.5% | −84.5% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SHPD largest drawdowns
Now 82.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 5, 2026 | −84.5% | Oct 15, 2026 | not yet | 8 months | 9 months so far |
| Aug 21, 2025 | −25.2% | Oct 28, 2025 | Feb 3, 2026 | 2 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SHPD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −70.7% |
| Volatility (annualized) | 56.2% |
| Sharpe ratio | -1.83 |
| Sortino ratio | -1.77 |
| Best month | +20.5% |
| Worst month | −44.0% |
| Best 12 months | −68.2% |
| Worst 12 months | −72.0% |
| Positive months | 31% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SHPD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 3 | −74.2% | −72.0% | −68.2% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
SHPD performance overview
Direxion Daily SHOP Bear 1X ETF (SHPD) returned −75.2% over the past year, with distributions reinvested. Since its first recorded price on Aug 6, 2025 it has returned −77.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −84.5%, from Feb 5, 2026 to Oct 15, 2026; the fund has not yet regained that high. Volatility has been 56.2% a year.
Related: SHPD chart, SHPD dividends. See the SHPD overview for the latest quote and fund facts.
SHPD performance FAQ
What is the SHPD return over the past year?
SHPD returned −75.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 75.6%.
How much would $10,000 invested in SHPD be worth?
$10,000 invested in SHPD at its first recorded close on August 6, 2025 would be worth about $2,254 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of SHPD?
The largest peak-to-trough decline was −84.5% between February 5, 2026 and October 15, 2026. It has not yet recovered to that high; it is 82.6% below its peak.
How volatile is SHPD?
Over the past history SHPD had an annualized volatility of 56.2% and a Sharpe ratio of -1.83 (excess return over 1–3 month T-bills per unit of risk).