- Issuer
- Direxion
- Inception Date
- Jun 24, 2025
- Region
- North America (United States)
- Category
- Inverse Equities
- Leveraged
- -1x
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $2M
Share Price Chart
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Performance
QCMD Performance Chart
Direxion Daily QCOM Bear 1X Shares (QCMD) is down 36.1% since the beginning of the year. QCMD is currently trading at $14 per share.
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Returns By Period
Direxion Daily QCOM Bear 1X Shares
- 1D
- -5.44%
- 1M
- -0.20%
- YTD
- -36.11%
- 6M
- -34.49%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
QCMD Monthly Returns History
Based on dividend-adjusted daily data since Jun 25, 2025, QCMD's average daily return is -0.18%, while the average monthly return is -3.15%.
Historically, 46% of months were positive and 54% were negative. The best month was Jan 2026 with a return of +12.7%, while the worst month was May 2026 at -33.3%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 3 months.
On a daily basis, QCMD closed higher 47% of trading days. The best single day was May 12, 2026 with a return of +11.8%, while the worst single day was Apr 30, 2026 at -15.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.71% | 5.71% | 9.90% | -30.85% | -33.26% | 5.73% | -36.11% | ||||||
| 2025 | -2.16% | 8.24% | -8.39% | -3.85% | -9.74% | 7.37% | -2.41% | -11.76% |
Benchmark Metrics
Direxion Daily QCOM Bear 1X Shares has an annualized alpha of -5.29%, beta of -1.93, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since June 25, 2025.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -328.44%), but participation in market rallies was also limited (-140.13%) - a profile typical of counter-cyclical assets.
- Beta of -1.93 may look defensive, but with R2 of 0.23 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.23 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -5.29%
- Beta
- -1.93
- R²
- 0.23
- Upside Capture
- -140.13%
- Downside Capture
- -328.44%
Expense Ratio
QCMD has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QCMD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.66 | — |
| Martin ratioReturn relative to average drawdown | — | 11.86 | — |
Dividends
Dividend History
Direxion Daily QCOM Bear 1X Shares provided a 3.72% dividend yield over the last twelve months, with an annual payout of $0.51 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.51 | $0.38 |
Dividend yield | 3.72% | 1.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Direxion Daily QCOM Bear 1X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.20 | $0.00 | $0.00 | $0.19 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Direxion Daily QCOM Bear 1X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Direxion Daily QCOM Bear 1X Shares was 56.03%, occurring on Jun 3, 2026. The portfolio has not yet recovered.
The current Direxion Daily QCOM Bear 1X Shares drawdown is 53.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -56.03%Jun 2026 | 1mo 26d | — | 2mo 15dApr 2026 - now |
2025 bear market2025 | -23.92%Oct 2025 | 2mo 20d | 3mo 11d | 6mo 1dAug 2025 - Feb 2026 |
2026 pullback2026 | -6.60%Feb 2026 | 19d | 13d | 1mo 2dFeb 2026 - Mar 2026 |
2025 pullback2025 | -5.77%Jul 2025 | 11d | 2d | 13dJul 2025 - Jul 2025 |
2025 pullback2025 | -3.88%Jul 2025 | 6d | 12d | 18dJun 2025 - Jul 2025 |
Drawdown Indicators
| QCMD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.03% | -56.78% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -53.05% | -2.49% | -50.56% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -10.72% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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