CSCS vs. QQQE
CSCS (Direxion Daily CSCO Bear 1X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - CSCS is a Inverse Equities fund managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Over the past year, CSCS returned -46.14% vs 22.98% for QQQE. At a correlation of -0.42, they often move in opposite directions. CSCS charges 1.00%/yr vs 0.35%/yr for QQQE.
Performance
CSCS vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, CSCS achieves a -39.33% return, which is significantly lower than QQQE's 16.37% return.
CSCS
- 1D
- 0.93%
- 1M
- 0.03%
- YTD
- -39.33%
- 6M
- -38.37%
- 1Y
- -46.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- -0.05%
- 1M
- 1.92%
- YTD
- 16.37%
- 6M
- 14.73%
- 1Y
- 22.98%
- 3Y*
- 17.59%
- 5Y*
- 9.05%
- 10Y*
- 15.78%
CSCS vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | -39.33% | -11.22% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 16.37% | 5.68% |
Correlation
The correlation between CSCS and QQQE is -0.42, 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 (All Time) Calculated using the full available price history since Jun 25, 2025 | -0.42 |
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Return for Risk
CSCS vs. QQQE — Risk / Return Rank
CSCS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQE
CSCS vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSCO Bear 1X Shares (CSCS) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.
| CSCS | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 8.22 | — |
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Drawdowns
CSCS vs. QQQE - Drawdown Comparison
The maximum CSCS drawdown since its inception was -51.58%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for CSCS and QQQE.
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Drawdown Indicators
| CSCS | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.58% | -32.14% | -19.44% |
Max Drawdown (1Y)Largest decline over 1 year | -51.58% | -9.41% | -42.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -47.68% | -3.14% | -44.54% |
Average DrawdownAverage peak-to-trough decline | -15.57% | -5.15% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.80% | — |
Volatility
CSCS vs. QQQE - Volatility Comparison
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Volatility by Period
| CSCS | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.01% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.11% | 15.65% | +15.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.11% | 20.54% | +10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.11% | 20.79% | +10.32% |
CSCS vs. QQQE - Expense Ratio Comparison
CSCS has a 1.00% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
CSCS vs. QQQE - Dividend Comparison
CSCS's dividend yield for the trailing twelve months is around 4.70%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSCS Direxion Daily CSCO Bear 1X Shares | 4.70% | 1.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
CSCS and QQQE have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, QQQE leads with 22.98% vs -46.14% for CSCS. On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQE has performed better with a 22.98% return vs -46.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 1.00% for CSCS.
CSCS has the higher dividend yield at 4.70%, compared with 0.57% for QQQE.
CSCS is categorized as Inverse Equities, while QQQE is Nasdaq-100. Their fees differ too: 1.00% for CSCS and 0.35% for QQQE.
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