AIBD vs. QQQE
AIBD (Direxion Daily AI and Big Data Bear 2X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - AIBD is a Inverse Equities fund tracking the Solactive US AI & Big Data Index, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past year, AIBD returned -59.55% vs 28.68% for QQQE. At a correlation of -0.77, they often move in opposite directions. AIBD charges 1.05%/yr vs 0.35%/yr for QQQE.
Performance
AIBD vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, AIBD achieves a -38.68% return, which is significantly lower than QQQE's 19.12% return.
AIBD
- 1D
- 4.30%
- 1M
- -24.36%
- YTD
- -38.68%
- 6M
- -33.54%
- 1Y
- -59.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- -0.10%
- 1M
- 10.46%
- YTD
- 19.12%
- 6M
- 17.48%
- 1Y
- 28.68%
- 3Y*
- 18.69%
- 5Y*
- 10.30%
- 10Y*
- 15.49%
AIBD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | -38.68% | -49.15% | -33.02% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.12% | 14.58% | 2.11% |
Correlation
The correlation between AIBD and QQQE is -0.67, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since May 16, 2024 | -0.77 |
The correlation between AIBD and QQQE has been stable across timeframes, ranging from -0.77 to -0.67 - a consistent structural relationship.
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Return for Risk
AIBD vs. QQQE — Risk / Return Rank
AIBD
QQQE
AIBD vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bear 2X Shares (AIBD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AIBD | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.21 | ||
| Sortino ratioReturn per unit of downside risk | -4.82 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.35 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 3.06 | -4.03 |
| Martin ratioReturn relative to average drawdown | -1.78 | 10.57 | -12.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIBD | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | 2.04 | -3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.95 | 0.76 | -1.72 |
Drawdowns
AIBD vs. QQQE - Drawdown Comparison
The maximum AIBD drawdown since its inception was -82.11%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for AIBD and QQQE.
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Drawdown Indicators
| AIBD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.11% | -32.14% | -49.97% |
Max Drawdown (1Y)Largest decline over 1 year | -61.47% | -9.41% | -52.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -81.34% | -0.10% | -81.24% |
Average DrawdownAverage peak-to-trough decline | -48.17% | -5.17% | -43.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.38% | 2.72% | +30.66% |
Volatility
AIBD vs. QQQE - Volatility Comparison
Direxion Daily AI and Big Data Bear 2X Shares (AIBD) has a higher volatility of 14.63% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.79%. This indicates that AIBD's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIBD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 3.79% | +10.84% |
Volatility (6M)Calculated over the trailing 6-month period | 37.40% | 10.64% | +26.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.16% | 14.15% | +37.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.52% | 20.30% | +36.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.52% | 20.72% | +35.80% |
AIBD vs. QQQE - Expense Ratio Comparison
AIBD has a 1.05% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
AIBD vs. QQQE - Dividend Comparison
AIBD's dividend yield for the trailing twelve months is around 5.68%, more than QQQE's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIBD Direxion Daily AI and Big Data Bear 2X Shares | 5.68% | 4.37% | 3.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.52% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
AIBD and QQQE have a correlation of -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIBD has higher volatility (14.63%) compared to QQQE (3.79%). In terms of maximum drawdown, AIBD dropped -82.11% vs QQQE's -32.14%.
On 1-year performance, QQQE leads with 28.68% vs -59.55% for AIBD. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQE has performed better with a 28.68% return vs -59.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.05% for AIBD.
AIBD has the higher dividend yield at 5.68%, compared with 0.52% for QQQE.
AIBD is categorized as Inverse Equities, while QQQE is Nasdaq-100. AIBD tracks Solactive US AI & Big Data Index, while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 1.05% for AIBD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (2.04 vs -1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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