The takeaway
Direxion Daily NVDA Bear 1X Shares shows a pronounced seasonal pattern over 3 years of data — strongest in April (−1.1%) and softest in May (−21.5%).
Right now
In July, the fund has fallen 50% of years, averaging −5.7%, roughly 7.8 pts behind the S&P 500.
The full picture
Direxion Daily NVDA Bear 1X Shares's most dependable month has been April, higher in 1 of 2 years; May has been its least reliable, up just 0% of the time.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Win rate % | ||||||||||||
| Median return % | ||||||||||||
| 2025 | ||||||||||||
| 2024 | ||||||||||||
| 2023 | — | — | — | — | — | — | — | — |
Month by month
The fund's clearest edge over the S&P 500 lands in November (−1.0 pts); it has trailed the market most in May (−22.2 pts).
“vs S&P” is Direxion Daily NVDA Bear 1X Shares’s average for a month minus the S&P 500’s average for that same month — isolating Direxion Daily NVDA Bear 1X Shares’s own seasonal edge from broad market drift.
Reality check
Not enough recent April history to say whether the pattern still holds.
Figures are the typical (median) April return and how often it rose — the last 2 years versus the last 3(the heatmap’s default window). This verdict stays anchored to that 3-year window even if you zoom the chart, so it never disagrees with the badges above.
In plain English
The calendar barely registers for this fund. Even its firmest month, April, has risen in only 1 of 2 Aprils — nothing recurs reliably enough to lean on.
Its roughest month on record was a −25.3% May in 2024 — a reminder of how hard even a seasonal name can fall.
The honest read is that the calendar is close to noise here — better treated as background than a reason to act. With a short 3-year record, the signal is best held loosely.
Short answers on the fund's best month (April), its worst (May), and whether it really trades seasonally.
Yes, to a pronounced degree. Since 2023 its best month (April, −1.1%) has run well ahead of its worst (May, −21.5%) — the heatmap above shows how steady that gap has been year to year.
April has been the strongest, averaging −1.1% and closing higher in 1 of 2 years since 2023.
It's the weakest, averaging −21.5% — historically a soft spot, though it still varies from year to year.
Explore
These names have the strongest July track records on record — a starting point for comparison.
Before you trade