SHPD ETF — Direxion Daily SHOP Bear 1X ETF

Direxion Daily SHOP Bear 1X ETF (SHPD)

SHPD is an ETF that tracks the Shopify (SHOP). As of August 19, 2026, its distribution rate is 6.44%, its trailing-12-month yield is 5.76%, its expense ratio is 1.03%. Fund total return is -68.1% over the past year, 67.7 points behind SHOP at -0.4%.

At the current 6.44% distribution rate, a $10,000 investment would generate approximately $644 per year, or $53.67 per month on an equivalent basis. Actual quarterly payments vary.

Direxion Daily SHOP Bear 1X is an inverse ETF that seeks to deliver daily returns opposite to those of Shopify stock through derivatives including swaps and options; it is designed as a short exposure vehicle rather than a buy-and-hold investment. The fund carries a modest current distribution rate and distributes quarterly, with an expense ratio of 1.03%. It appeals to traders and tactical investors seeking short-term bearish positioning on Shopify, rather than traditional income or long-term investors.

SHPD performance versus SHOP

Data as of August 19, 2026.

Fund total return is -68.1% over the past year, 67.7 points behind SHOP at -0.4%. Its deepest 1-year drawdown was 75.3%.

SHPD key facts

Data as of August 19, 2026.

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

08/05/2025

Expense ratio

1.03%

Distribution rate

6.44%

Distribution frequency

Quarterly

Trailing yield

5.76%

Last close

$6.12

AUM

$2,948,465

Average volume

17357.0

Last dividend

$0.0985

Ex-dividend date

03/24/2026

Payment date

03/31/2026

How Dividend Vision calculates yield and returns

Distribution rate (6.44%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (5.76%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Direxion; Index: Shopify (SHOP); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SHPD risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SHOP over the available window. The deepest 1-year drawdown on record here is 75.3%.

Who may consider SHPD — and who may not

It is a weaker fit for investors who need monthly cash flow (SHPD pays quarterly); investors whose main goal is matching SHOP total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Direxion.