IWY vs. QQQD
IWY (iShares Russell Top 200 Growth ETF) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both exchange-traded funds - IWY is a Large Cap Growth Equities fund tracking the Russell Top 200 Growth Index, while QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, IWY returned 16.39% vs -17.81% for QQQD. At a correlation of -0.91, they often move in opposite directions. IWY charges 0.20%/yr vs 0.57%/yr for QQQD.
Performance
IWY vs. QQQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWY achieves a 4.73% return, which is significantly higher than QQQD's -3.83% return.
IWY
- 1D
- 0.27%
- 1M
- -0.64%
- 6M
- 5.82%
- YTD
- 4.73%
- 1Y
- 16.39%
- 3Y*
- 21.97%
- 5Y*
- 14.13%
- 10Y*
- 19.00%
QQQD
- 1D
- -2.38%
- 1M
- -3.43%
- 6M
- -5.40%
- YTD
- -3.83%
- 1Y
- -17.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWY vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 4.73% | 18.19% | 23.64% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -3.83% | -20.32% | -27.75% |
Correlation
The correlation between IWY and QQQD is -0.89, 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 | -0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.91 |
The correlation between IWY and QQQD has been stable across timeframes, ranging from -0.91 to -0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWY vs. QQQD — Risk / Return Rank
IWY
QQQD
IWY vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 Growth ETF (IWY) 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.
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.
| IWY | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.81 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.88 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.81 | +1.80 |
| Martin ratioReturn relative to average drawdown | 3.04 | -1.39 | +4.44 |
Loading charts...
Drawdowns
IWY vs. QQQD - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum QQQD drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for IWY and QQQD.
Loading charts...
Drawdown Indicators
| IWY | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.68% | -49.47% | +16.79% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -21.94% | +5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.68% | — | — |
Current DrawdownCurrent decline from peak | -4.09% | -48.00% | +43.91% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -30.99% | +26.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 12.82% | -7.42% |
Volatility
IWY vs. QQQD - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 6.69%, while Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a volatility of 8.05%. This indicates that IWY experiences smaller price fluctuations and is considered to be less risky than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWY | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 8.05% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.52% | 16.75% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 21.46% | -4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 26.83% | -5.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.06% | 26.83% | -5.77% |
IWY vs. QQQD - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is lower than QQQD's 0.57% expense ratio.
Dividends
IWY vs. QQQD - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.35%, less than QQQD's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.35% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.20% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IWY and QQQD have a correlation of -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (8.05%) compared to IWY (6.69%). In terms of maximum drawdown, IWY dropped -32.68% vs QQQD's -49.47%.
On 1-year performance, IWY leads with 16.39% vs -17.81% for QQQD. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 6.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWY has performed better with a 16.39% return vs -17.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWY is cheaper with a 0.20% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 3.20%, compared with 0.35% for IWY.
IWY is categorized as Large Cap Growth Equities, while QQQD is Inverse Equities. IWY tracks Russell Top 200 Growth Index, while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.20% for IWY and 0.57% for QQQD.
IWY currently has the higher Sharpe Ratio (0.97 vs -0.83), 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.
Find the right allocation for IWY and QQQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer