BRKD vs. YQQQ

Last updated Jul 18, 2026

BRKD (Direxion Daily BRKB Bear 1X Shares) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - BRKD is a Inverse Equities fund tracking the Berkshire Hathaway Inc. Class B (-100%), while YQQQ is a Derivative Income fund actively managed by YieldMax. BRKD is passively managed, while YQQQ is actively managed. Over the past year, BRKD returned 1.99% vs -6.51% for YQQQ. At a 0.13 correlation, their price movements are largely independent. BRKD charges 1.00%/yr vs 0.99%/yr for YQQQ.

Performance

BRKD vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily BRKB Bear 1X Shares (BRKD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKD achieves a 5.90% return, which is significantly higher than YQQQ's -4.41% return.

BRKD

• 1D: 0.00%
• 1M: 0.00%
• 6M: 3.58%
• YTD: 5.90%
• 1Y: 1.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.39%
• 1M: 3.41%
• 6M: -4.60%
• YTD: -4.41%
• 1Y: -6.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BRKD vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	-6.69%	2.19%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-4.41%	-9.97%	0.83%

Correlation

The correlation between BRKD and YQQQ is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.13

The correlation between BRKD and YQQQ shifts across timeframes, from -0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BRKD vs. YQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRKD

BRKD Risk / Return Rank: 13
BRKD Sharpe Ratio Rank: 13
BRKD Sortino Ratio Rank: 12
BRKD Omega Ratio Rank: 12
BRKD Calmar Ratio Rank: 13
BRKD Martin Ratio Rank: 12

YQQQ

YQQQ Risk / Return Rank: 6
YQQQ Sharpe Ratio Rank: 5
YQQQ Sortino Ratio Rank: 5
YQQQ Omega Ratio Rank: 5
YQQQ Calmar Ratio Rank: 7
YQQQ Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRKD vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BRKB Bear 1X Shares (BRKD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	BRKD	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.16	-0.47	+0.63
Sortino ratio: Return per unit of downside risk	0.34	-0.57	+0.90
Omega ratio: Gain probability vs. loss probability	1.05	0.93	+0.11
Calmar ratio: Return relative to maximum drawdown	0.21	-0.30	+0.51
Martin ratio: Return relative to average drawdown	0.41	-0.68	+1.10

BRKD vs. YQQQ - Sharpe Ratio Comparison

The current BRKD Sharpe Ratio is 0.16, which is higher than the YQQQ Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of BRKD and YQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRKD vs. YQQQ - Drawdown Comparison

The maximum BRKD drawdown since its inception was -17.92%, smaller than the maximum YQQQ drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for BRKD and YQQQ.

Drawdown Indicators

	BRKD	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-17.92%	-29.10%	+11.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.34%	-21.80%	+12.46%
Current Drawdown Current decline from peak	-3.69%	-24.59%	+20.90%
Average Drawdown Average peak-to-trough decline	-7.42%	-14.98%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	9.57%	-4.75%

Volatility

BRKD vs. YQQQ - Volatility Comparison

The current volatility for Direxion Daily BRKB Bear 1X Shares (BRKD) is 0.00%, while YieldMax Short N100 Option Income Strategy ETF (YQQQ) has a volatility of 5.22%. This indicates that BRKD experiences smaller price fluctuations and is considered to be less risky than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKD	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	5.22%	-5.22%
Volatility (6M) Calculated over the trailing 6-month period	8.31%	11.66%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	13.95%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.57%	16.54%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.57%	16.54%	+0.03%

BRKD vs. YQQQ - Expense Ratio Comparison

BRKD has a 1.00% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

BRKD vs. YQQQ - Dividend Comparison

BRKD's dividend yield for the trailing twelve months is around 1.91%, less than YQQQ's 29.61% yield.

Position	TTM	2025	2024
BRKD Direxion Daily BRKB Bear 1X Shares	1.91%	3.50%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.61%	31.71%	7.88%

Frequently Asked Questions

Can I hold both BRKD and YQQQ in my portfolio?

BRKD and YQQQ have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKD or YQQQ?

YQQQ has higher volatility (5.22%) compared to BRKD (0.00%). In terms of maximum drawdown, BRKD dropped -17.92% vs YQQQ's -29.10%.

Which ETF is better, BRKD or YQQQ?

On 1-year performance, BRKD leads with 1.99% vs -6.51% for YQQQ. On fees, YQQQ is cheaper at 0.99% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKD or YQQQ?

Over the 1-year period, BRKD has performed better with a 1.99% return vs -6.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKD or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.00% for BRKD.

Which ETF pays a higher dividend yield, BRKD or YQQQ?

YQQQ has the higher dividend yield at 29.61%, compared with 1.91% for BRKD.

What is the main difference between BRKD and YQQQ?

BRKD is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.00% for BRKD and 0.99% for YQQQ.

Which has better risk-adjusted returns?

BRKD currently has the higher Sharpe Ratio (0.16 vs -0.47), 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.