Direxion Daily PANW Bear 1X ETF
CThis 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.
$9.22+0.15 (+1.65%)
- 2.33%
- $2M
- −56.5%
- 5.85%
- 0.1M sh
- $8.76
- low $8.50high $30.87
The ETF.net PALD Grade
C
Score 40 out of 100
- 31 of 58
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 43
- This cap took
- −3
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.F4 out of 100Rank 56 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A90 out of 100Rank 21 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C47 out of 100Rank 27 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 37 of 58Holdings
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.C47 out of 100Rank 33 of 58
Our read on PALD
CA one-for-one inverse bet on Palo Alto Networks, wrapped in an ordinary ETF. No margin account, no borrowing shares, no leverage stacked on top: just -1x PANW, reset every day.
The fund seeks daily investment results equal to 100% of the inverse performance of Palo Alto Networks, Inc. common shares, before fees and expenses.
Why people hold it
- Takes the bearish side of a single stock without a margin account or locating shares to borrow. You buy it like any ETF, and your exposure is limited to what you put in.direxion.com
- Straight -1x, not 2x or 3x. In a cohort thick with double-levered inverse products, this is the least amplified version of the trade.
- Hits what it advertises: day-to-day results track the stated -1x target of Palo Alto Networks closely.
Worth knowing
- The exposure resets every day. Hold longer and compounding takes over, so results over a stretch can drift well away from -1x the stock's move.direxion.com
- The 2.33% expense ratio runs well above what most single-stock inverse funds charge, and it applies whichever way the stock goes.
- Launched in 2025 and still small and thinly traded, so spreads can be wider than on the household-name single-stock funds.
PALD Holdings
- Other
- 4
- 742%
- Dreyfus Govt Cash Man Ins
PALD 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.
PALD$4,349
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 | PALD |
|---|---|
| Year to date | −61.4% |
| 1 month | −20.3% |
| 3 months | −24.9% |
| 1 year | −56.5% |
| 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 | PALD |
|---|---|---|
| 2026 YTD | −61.4% | |
| 2025 | −3.9% |
PALD in the news
PALD Dividends
- 5.85%
- $0.53
- $0.10 per share
- Quarterly
Distribution history
PALD 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.
- 46.6%
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.
- −1.30
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.
- −70.9%
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.
- −1.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PALD Cost
2.33%
PALD2.33%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
40 of the 43 Single-Stock Inverse funds charge less.
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- CQBTZDefiance Daily Target 2X Short QBTS ETFExpense ratio 2.31%1 year return −92.9%
- CQCMDDirexion Daily QCOM Bear 1X SharesExpense ratio 2.76%1 year return −31.4%
- CRKLZDefiance Daily Target 2X Short RKLB ETFExpense ratio 1.29%1 year return —