Direxion Daily AI and Big Data Bear 2X ETF
FThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$41.63−0.28 (−0.67%)
- 2.64%
- $5M
- −42.2%
- 4.48%
- 0M sh
- $41.08
- low $40.18high $111.70
The ETF.net AIBD Grade
F
Score 9 out of 100
- 27 of 30
Score 9 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 30 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F3 out of 100Rank 27 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F24 out of 100Rank 25 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 19 of 30
Our read on AIBD
FThe bearish side of the AI trade, packaged as an ETF. AIBD aims for 200% of the inverse of the Solactive US AI & Big Data Index's daily move, and it resets every session: a short-horizon trading tool by its own design, not a hold-and-forget position.
The Fund seeks daily investment results, before fees and expenses, equal to 200% of the inverse of the Solactive US AI & Big Data Index’s daily performance. It is designed for a single trading day rather than for achieving that multiple over longer periods.
Why people hold it
- Lets you lean against the AI theme without a margin account or borrowing shares. The fund itself carries the -2x daily exposure.
- The mandate is spelled out, not implied: 200% of the inverse of one named index, the Solactive US AI & Big Data Index, on US-listed names.
- A rare bearish instrument in a cohort stacked with long-only AI funds, so it expresses a view most of the category structurally cannot.
Worth knowing
- Daily reset: hold past one session and returns compound. Over longer stretches the result can diverge widely from -2x the index's move for that period.
- The 2.64% expense ratio runs many times what plain AI index peers charge (XAIX at 0.35%, QTUM at 0.40%).
- A small, lightly traded fund, which can mean wider bid-ask spreads than the category's heavyweights.
AIBD Holdings
- Other
- 3
- 237%
- Solusaip Swap Financing Leg (Solusajps)
AIBD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
AIBD$5,778
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | AIBD |
|---|---|
| Year to date | −44.4% |
| 1 month | −10.7% |
| 3 months | −18.3% |
| 1 year | −42.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | AIBD |
|---|---|---|
| 2026 YTD | −44.4% | |
| 2025 | −49.1% | |
| 2024 | −33.0% |
AIBD in the news
AIBD Dividends
- 4.48%
- $1.88
- $0.50 per share
- Quarterly
Distribution history
AIBD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 47.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.32
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −83.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −3.32
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
AIBD Cost
2.64%
AIBD2.64%
- The middle half of Artificial Intelligence funds
- Median 0.65%
Every other Artificial Intelligence fund charges less.
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