CSCS vs. QQQD
CSCS (Direxion Daily CSCO Bear 1X Shares) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds from Direxion. At a 0.24 correlation, their price movements are largely independent. CSCS charges 1.00%/yr vs 0.57%/yr for QQQD.
Performance
CSCS vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -42.32% return, which is significantly lower than QQQD's -2.89% return.
CSCS
- 1D
- 1.10%
- 1M
- -28.69%
- YTD
- -42.32%
- 6M
- -41.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSCS vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -42.32% | -11.22% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -17.32% |
Correlation
The correlation between CSCS and QQQD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.24 |
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Return for Risk
CSCS vs. QQQD — Risk / Return Rank
CSCS
QQQD
CSCS vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) 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.
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Sharpe Ratios by Period
| CSCS | QQQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.67 | -0.86 | -0.81 |
Drawdowns
CSCS vs. QQQD - Drawdown Comparison
The maximum CSCS drawdown since its inception was -50.80%, roughly equal to the maximum QQQD drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for CSCS and QQQD.
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Drawdown Indicators
| CSCS | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.80% | -49.47% | -1.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -50.26% | -47.50% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -13.70% | -30.34% | +16.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.72% | — |
Volatility
CSCS vs. QQQD - Volatility Comparison
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Volatility by Period
| CSCS | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 30.62% | 20.21% | +10.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.62% | 26.77% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.62% | 26.77% | +3.85% |
CSCS vs. QQQD - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
CSCS vs. QQQD - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.02%, less than QQQD's 4.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.02% | 1.72% | 0.00% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.07% | 4.33% | 5.17% |
Frequently Asked Questions
CSCS and QQQD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQD is cheaper with a 0.57% expense ratio, compared with 1.00% for CSCS.
QQQD has the higher dividend yield at 4.07%, compared with 4.02% for CSCS.
Their fees differ too: 1.00% for CSCS and 0.57% for QQQD.
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