SDS vs SPDN
ProShares UltraShort S&P500 compared with Direxion Daily S&P 500 Bear 1X Shares on yield, payout growth, payment schedule, cost and risk.
SDS
ProShares UltraShort S&P500
TTM yield · Quarterly
SPDN
Direxion Daily S&P 500 Bear 1X Shares
TTM yield · Quarterly
Quick take
- SDS yields more today: 4.55% vs 3.29% (forward).
- SDS has grown its payout faster: -9.2%/yr vs -17.4%/yr over the last 3 years.
- Both pay every quarter.
- Over the last year SPDN delivered the higher total return: -12.0% vs -26.5% (price change plus payouts).
- SPDN is cheaper to own: 0.48% vs 0.91% expense ratio.
- SPDN has the steadier distribution: consistency 60/100 vs 50/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | SDS | SPDN |
|---|---|---|
| Share price | $54.12 | $8.51 |
| TTM yield | 5.59% | 3.42% |
| Forward yield | 4.55% | 3.29% |
| Annual payout per share | $2.46 | $0.28 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 23, 2026 (est.) | Sep 22, 2026 (est.) |
| Expense ratio | 0.91% | 0.48% |
| 1-year payout growth | -48.2% | -41.4% |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 0 years | 0 years |
| Payout consistency (last 12) | 50/100 | 60/100 |
| 1-year total return | -26.5% | -12.0% |
| 1-year price return | -30.4% | -14.9% |
| Size (market cap / AUM) | 365.8M | 233.2M |
| Years paying | 19.7 | 9.2 |
| Sector / category | Trading--Inverse Equity | Trading--Inverse Equity |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| SDS | SPDN | |
|---|---|---|
| Shares | 184.8 | 1,175.1 |
| Income per year | $455 | $329 |
| Income per month (avg) | $38 | $27 |
At forward yields, before taxes. Model SDS · Model SPDN
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SDS Sep 23, 2026 | Oct 7, 2026 | $0.615 | Est. |
| SDS Dec 23, 2026 | Jan 6, 2027 | $0.615 | Est. |
| SDS Mar 24, 2027 | Apr 7, 2027 | $0.615 | Est. |
| SPDN Sep 22, 2026 | Oct 6, 2026 | $0.07 | Est. |
| SPDN Dec 22, 2026 | Jan 5, 2027 | $0.07 | Est. |
| SPDN Mar 23, 2027 | Apr 6, 2027 | $0.07 | Est. |
Annual payouts per share
SDSSPDN
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, SDS or SPDN?
SDS currently has the higher trailing yield: SDS yields 5.59% and SPDN yields 3.42%. Yield changes daily with price, so check the live figures above.
How often do SDS and SPDN pay?
SDS pays every quarter and SPDN pays every quarter. SDS's next ex-date is Sep 23, 2026 and SPDN's is Sep 22, 2026.
Which has grown its dividend faster, SDS or SPDN?
SDS has grown its payout faster: -9.2%/yr vs -17.4%/yr over the last 3 years.
Is SDS or SPDN better for income?
It depends on what you are optimising for. SDS and SPDN differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.