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 -78.37% vs 29.55% for QSIX. At a correlation of -0.93, 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 -54.07% return, which is significantly lower than QSIX's 14.58% return.
BERZ
- 1D
- 3.58%
- 1M
- 8.45%
- YTD
- -54.07%
- 6M
- -51.33%
- 1Y
- -78.37%
- 3Y*
- -74.39%
- 5Y*
- —
- 10Y*
- —
QSIX
- 1D
- -0.66%
- 1M
- -0.97%
- YTD
- 14.58%
- 6M
- 12.89%
- 1Y
- 29.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BERZ vs. QSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BERZ MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN | -54.07% | -78.81% | -27.32% |
QSIX Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF | 14.58% | 18.54% | 4.81% |
Correlation
The correlation between BERZ and QSIX is -0.92, 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 | -0.92 |
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 -0.93 to -0.92 - 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 | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -4.49 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.32 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.69 | -3.61 |
| Martin ratioReturn relative to average drawdown | -1.50 | 10.11 | -11.62 |
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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 | -84.60% | -11.05% | -73.55% |
Max Drawdown (3Y)Largest decline over 3 years | -98.87% | — | — |
Current DrawdownCurrent decline from peak | -99.72% | -4.54% | -95.18% |
Average DrawdownAverage peak-to-trough decline | -71.83% | -3.06% | -68.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.07% | 2.93% | +49.14% |
Volatility
BERZ vs. QSIX - Volatility Comparison
MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) has a higher volatility of 34.25% compared to Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) at 8.16%. 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 | 34.25% | 8.16% | +26.09% |
Volatility (6M)Calculated over the trailing 6-month period | 63.61% | 13.26% | +50.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.43% | 16.41% | +65.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.78% | 19.75% | +73.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.78% | 19.75% | +73.03% |
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 3.99%.
| 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 | 3.99% | 4.02% | 1.07% |
Frequently Asked Questions
BERZ and QSIX have a correlation of -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BERZ has higher volatility (34.25%) compared to QSIX (8.16%). In terms of maximum drawdown, BERZ dropped -99.80% vs QSIX's -20.72%.
On 1-year performance, QSIX leads with 29.55% vs -78.37% for BERZ. On fees, QSIX is cheaper at 0.60% per year. On volatility, QSIX has been the lower-risk option at 8.16%. 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 29.55% return vs -78.37%. 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 3.99%, 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 (1.81 vs -0.97), 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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