BERZ vs. QSIX
BERZ (MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN) and QSIX (Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF) are both exchange-traded funds - BERZ is a Inverse Equities fund tracking the Solactive FANG Innovation Index, while QSIX is a Nasdaq-100 fund tracking the Nasdaq-100 Index. Both are passively managed. Over the past year, BERZ returned -79.59% vs 26.31% for QSIX. Their -0.93 correlation means they have often moved in opposite directions in the past. BERZ charges 0.95%/yr vs 0.60%/yr for QSIX.
Performance
BERZ vs. QSIX - Performance Comparison
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Returns By Period
In the year-to-date period, BERZ achieves a -61.34% return, which is significantly lower than QSIX's 15.79% return.
BERZ
- 1D
- 4.13%
- 1M
- -7.94%
- 6M
- -66.38%
- YTD
- -61.34%
- 1Y
- -79.59%
- 3Y*
- -74.58%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -66.47%
QSIX
- 1D
- -0.67%
- 1M
- -0.53%
- 6M
- 17.33%
- YTD
- 15.79%
- 1Y
- 26.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 21.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.42M | $1.78M | $2.10M | |
| $126.44K | $102.46K | $80.44K |
BERZ vs. QSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -61.34% | -78.81% | -27.32% |
QSIX Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF | 15.79% | 18.54% | 4.81% |
Correlation
The correlation between BERZ and QSIX is -0.94, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | -0.93 |
The correlation between BERZ and QSIX has been stable across timeframes, ranging from -0.94 to -0.93 - a consistent structural relationship.
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Return for Risk
BERZ vs. QSIX — Risk / Return Rank
BERZ
QSIX
BERZ vs. QSIX - 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 Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX). 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.
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.
| BERZ | QSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.26 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 2.39 | -3.36 |
| Martin ratioReturn relative to average drawdown | -1.51 | 7.60 | -9.11 |
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Drawdowns
BERZ vs. QSIX - Drawdown Comparison
The maximum BERZ drawdown since its inception was -99.80%, which is greater than QSIX's maximum drawdown of -20.72%. Use the drawdown chart below to compare losses from any high point for BERZ and QSIX.
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Drawdown Indicators
| BERZ | QSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -20.72% | -79.08% |
Max Drawdown (1Y)Largest decline over 1 year | -82.07% | -11.05% | -71.02% |
Max Drawdown (3Y)Largest decline over 3 years | -98.87% | — | — |
Current DrawdownCurrent decline from peak | -99.77% | -3.54% | -96.23% |
Average DrawdownAverage peak-to-trough decline | -72.48% | -3.18% | -69.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.65% | 3.47% | +50.18% |
Volatility
BERZ vs. QSIX - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 37.85% compared to Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) at 6.86%. This indicates that BERZ's price experiences larger fluctuations and is considered to be riskier than QSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BERZ | QSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.85% | 6.86% | +30.99% |
Volatility (6M)Calculated over the trailing 6-month period | 72.82% | 14.86% | +57.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 88.13% | 17.87% | +70.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.29% | 19.98% | +73.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.29% | 19.98% | +73.31% |
BERZ vs. QSIX - Expense Ratio Comparison
BERZ has a 0.95% expense ratio, which is higher than QSIX's 0.60% expense ratio.
Dividends
BERZ vs. QSIX - Dividend Comparison
BERZ has not paid dividends to shareholders, while QSIX's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% |
QSIX Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF | 3.63% | 4.02% | 1.07% |
Frequently Asked Questions
BERZ and QSIX have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (37.85%) compared to QSIX (6.86%). In terms of maximum drawdown, BERZ dropped -99.80% vs QSIX's -20.72%.
On 1-year performance, QSIX leads with 26.31% vs -79.59% for BERZ. On fees, QSIX is cheaper at 0.60% per year. On volatility, QSIX has been the lower-risk option at 6.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QSIX has performed better with a 26.31% return vs -79.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QSIX is cheaper with a 0.60% expense ratio, compared with 0.95% for BERZ.
QSIX has the higher dividend yield at 3.63%, compared with 0.00% for BERZ.
BERZ is categorized as Inverse Equities, while QSIX is Nasdaq-100. BERZ tracks Solactive FANG Innovation Index, while QSIX tracks Nasdaq-100 Index. They also come from different issuers: BMO and Pacer. Their fees differ too: 0.95% for BERZ and 0.60% for QSIX.
QSIX currently has the higher Sharpe Ratio (1.48 vs -0.90), 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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