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 -85.50% vs 37.26% for QSIX. At a correlation of -0.92, they often move in opposite directions. 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 -63.63% return, which is significantly lower than QSIX's 19.16% return.
BERZ
- 1D
- 4.46%
- 1M
- -30.10%
- YTD
- -63.63%
- 6M
- -63.44%
- 1Y
- -85.50%
- 3Y*
- -77.36%
- 5Y*
- —
- 10Y*
- —
QSIX
- 1D
- -0.45%
- 1M
- 8.46%
- YTD
- 19.16%
- 6M
- 17.84%
- 1Y
- 37.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BERZ vs. QSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -63.63% | -78.81% | -25.29% |
QSIX Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF | 19.16% | 18.54% | 4.66% |
Correlation
The correlation between BERZ and QSIX is -0.91, 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 | -0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024 | -0.92 |
The correlation between BERZ and QSIX has been stable across timeframes, ranging from -0.92 to -0.91 - 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.
| BERZ | QSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.67 | ||
| Sortino ratioReturn per unit of downside risk | -6.25 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.44 | -0.74 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 3.39 | -4.37 |
| Martin ratioReturn relative to average drawdown | -1.52 | 13.29 | -14.81 |
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 | QSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.13 | 2.54 | -3.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | 1.37 | -2.11 |
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 | -87.32% | -11.05% | -76.27% |
Max Drawdown (3Y)Largest decline over 3 years | -98.97% | — | — |
Current DrawdownCurrent decline from peak | -99.78% | -0.73% | -99.05% |
Average DrawdownAverage peak-to-trough decline | -71.59% | -3.06% | -68.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.33% | 2.81% | +53.52% |
Volatility
BERZ vs. QSIX - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 24.04% compared to Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) at 4.10%. 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 | 24.04% | 4.10% | +19.94% |
Volatility (6M)Calculated over the trailing 6-month period | 58.07% | 11.23% | +46.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.87% | 14.71% | +61.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.18% | 19.16% | +73.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.18% | 19.16% | +73.02% |
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 3.84%.
| 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 | 3.84% | 4.02% | 1.07% |
Frequently Asked Questions
BERZ and QSIX have a correlation of -0.91, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (24.04%) compared to QSIX (4.10%). In terms of maximum drawdown, BERZ dropped -99.80% vs QSIX's -20.72%.
On 1-year performance, QSIX leads with 37.26% vs -85.50% for BERZ. On fees, QSIX is cheaper at 0.60% per year. On volatility, QSIX has been the lower-risk option at 4.10%. 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 37.26% return vs -85.50%. 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 3.84%, 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 (2.54 vs -1.13), 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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