CLSZ vs. QQQD

Last updated Jun 6, 2026

CLSZ (Tradr 2X Short CLSK Daily ETF) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds - CLSZ tracks the CleanSpark, Inc. (CLSK) while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. CLSZ charges 1.49%/yr vs 0.57%/yr for QQQD.

Performance

CLSZ vs. QQQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Short CLSK Daily ETF (CLSZ) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLSZ

• 1D: 13.82%
• 1M: -26.48%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQD

• 1D: 3.96%
• 1M: 3.12%
• YTD: -0.26%
• 6M: 0.95%
• 1Y: -21.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLSZ vs. QQQD - Yearly Performance Comparison

	2026 (YTD)
CLSZ Tradr 2X Short CLSK Daily ETF	-78.94%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-7.23%

Correlation

The correlation between CLSZ and QQQD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 20, 2026	0.52

Return for Risk

CLSZ vs. QQQD — Risk / Return Rank

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

QQQD

QQQD Risk / Return Rank: 2
QQQD Sharpe Ratio Rank: 1
QQQD Sortino Ratio Rank: 1
QQQD Omega Ratio Rank: 2
QQQD Calmar Ratio Rank: 1
QQQD Martin Ratio Rank: 2

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.

CLSZ vs. QQQD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Short CLSK Daily ETF (CLSZ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CLSZ	QQQD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.67	-0.82	+0.14

Drawdowns

CLSZ vs. QQQD - Drawdown Comparison

The maximum CLSZ drawdown since its inception was -87.06%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for CLSZ and QQQD.

Drawdown Indicators

	CLSZ	QQQD	Difference
Max Drawdown Largest peak-to-trough decline	-87.06%	-49.47%	-37.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.09%	—
Current Drawdown Current decline from peak	-81.64%	-46.07%	-35.57%
Average Drawdown Average peak-to-trough decline	-44.24%	-30.40%	-13.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.84%	—

Volatility

Volatility by Period

	CLSZ	QQQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	148.64%	20.64%	+128.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	148.64%	26.87%	+121.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	148.64%	26.87%	+121.77%

CLSZ vs. QQQD - Expense Ratio Comparison

CLSZ has a 1.49% expense ratio, which is higher than QQQD's 0.57% expense ratio.

Dividends

CLSZ vs. QQQD - Dividend Comparison

CLSZ has not paid dividends to shareholders, while QQQD's dividend yield for the trailing twelve months is around 3.96%.

Position	TTM	2025	2024
CLSZ Tradr 2X Short CLSK Daily ETF	0.00%	0.00%	0.00%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.96%	4.33%	5.17%

Frequently Asked Questions

Can I hold both CLSZ and QQQD in my portfolio?

CLSZ and QQQD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLSZ or QQQD?

On fees, QQQD is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLSZ or QQQD?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.49% for CLSZ.

Which ETF pays a higher dividend yield, CLSZ or QQQD?

QQQD has the higher dividend yield at 3.96%, compared with 0.00% for CLSZ.

What is the main difference between CLSZ and QQQD?

CLSZ tracks CleanSpark, Inc. (CLSK), while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.49% for CLSZ and 0.57% for QQQD.