BERZ vs. QQQD
BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds - BERZ tracks the Solactive FANG Innovation Index while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, BERZ returned -86.22% vs -21.80% for QQQD. Their correlation of 0.86 suggests significant overlap in exposure. BERZ charges 0.95%/yr vs 0.57%/yr for QQQD.
Performance
BERZ vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, BERZ achieves a -65.19% return, which is significantly lower than QQQD's -2.89% return.
BERZ
- 1D
- 3.73%
- 1M
- -37.37%
- YTD
- -65.19%
- 6M
- -64.50%
- 1Y
- -86.22%
- 3Y*
- -77.59%
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BERZ vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -65.19% | -78.81% | -48.14% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -20.32% | -27.69% |
Correlation
The correlation between BERZ and QQQD is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | 0.86 |
The correlation between BERZ and QQQD has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
BERZ vs. QQQD — Risk / Return Rank
BERZ
QQQD
BERZ vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD). 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.
| BERZ | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 0.83 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | -0.82 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.23 | -0.30 |
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
| BERZ | QQQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.14 | -1.08 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.86 | +0.11 |
Drawdowns
BERZ vs. QQQD - Drawdown Comparison
The maximum BERZ drawdown since its inception was -99.80%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for BERZ and QQQD.
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Drawdown Indicators
| BERZ | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -49.47% | -50.33% |
Max Drawdown (1Y)Largest decline over 1 year | -87.32% | -26.65% | -60.67% |
Max Drawdown (3Y)Largest decline over 3 years | -98.97% | — | — |
Current DrawdownCurrent decline from peak | -99.79% | -47.50% | -52.29% |
Average DrawdownAverage peak-to-trough decline | -71.57% | -30.34% | -41.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.07% | 17.72% | +38.35% |
Volatility
BERZ vs. QQQD - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 23.63% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 4.76%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BERZ | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.63% | 4.76% | +18.87% |
Volatility (6M)Calculated over the trailing 6-month period | 57.98% | 14.43% | +43.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.77% | 20.21% | +55.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.20% | 26.77% | +65.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.20% | 26.77% | +65.43% |
BERZ vs. QQQD - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
BERZ vs. QQQD - Dividend Comparison
BERZ has not paid dividends to shareholders, while QQQD's dividend yield for the trailing twelve months is around 4.07%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.07% | 4.33% | 5.17% |
Frequently Asked Questions
BERZ and QQQD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (23.63%) compared to QQQD (4.76%). In terms of maximum drawdown, BERZ dropped -99.80% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -21.80% vs -86.22% for BERZ. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQD has performed better with a -21.80% return vs -86.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.95% for BERZ.
QQQD has the higher dividend yield at 4.07%, compared with 0.00% for BERZ.
BERZ tracks Solactive FANG Innovation Index, while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: BMO and Direxion. Their fees differ too: 0.95% for BERZ and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-1.08 vs -1.14), 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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