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LMNX vs SPDN

Defiance Daily Target 2X Long LMND ETF vs Direxion Daily S&P 500 Bear 1X Shares

LMNX

Defiance Daily Target 2X Long LMND ETF

Defiance ETFs LLC

Annual cost

1.31%

Fund size

$5M

SPDN

Direxion Daily S&P 500 Bear 1X Shares

Direxion Funds

Annual cost

0.48%

Fund size

$219M

Key differences

  • SPDN costs 0.83% less per year.
  • SPDN is significantly larger than LMNX — larger funds tend to be more liquid and less likely to close.
  • LMNX follows a leveraged strategy; SPDN uses inverse.
  • SPDN has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

LMNXSPDN
Annual cost (TER)1.31%0.48%
Fund size (AUM)$5M$219M
Since20252016
Dividend yield3.94%
Asset classequityequity
Regionnorth americanorth america
Strategyleveragedinverse
CAGR 1YN/A-17.5%
CAGR 3YN/A-13.3%
CAGR 5YN/A-8.8%
Sharpe 3YN/A-1.13
Volatility 1Y12.31%
Max drawdown-77.24%-74.88%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.