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 14.76% vs -16.07% for QQQD. Their -0.90 correlation means they have often moved in opposite directions in the past. IWY charges 0.20%/yr vs 0.57%/yr for QQQD.
Performance
IWY vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, IWY achieves a 4.76% return, which is significantly higher than QQQD's -3.32% return.
IWY
- 1D
- -0.31%
- 1M
- 0.64%
- 6M
- 9.38%
- YTD
- 4.76%
- 1Y
- 14.76%
- 3Y*
- 22.64%
- 5Y*
- 13.56%
- 10Y*
- 18.79%
- ALL TIME*
- 17.00%
QQQD
- 1D
- 0.57%
- 1M
- -3.39%
- 6M
- -6.18%
- YTD
- -3.32%
- 1Y
- -16.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $105.51M | $107.89M | $113.92M | |
| $1.30M | $1.19M | $1.67M |
IWY vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 4.76% | 18.19% | 23.64% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -3.32% | -20.32% | -27.75% |
Correlation
The correlation between IWY and QQQD is -0.89, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.90 |
The correlation between IWY and QQQD has been stable across timeframes, ranging from -0.90 to -0.89 - a consistent structural relationship.
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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 | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.90 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | -0.74 | +1.63 |
| Martin ratioReturn relative to average drawdown | 2.58 | -1.32 | +3.90 |
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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.
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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 | -4.06% | -47.73% | +43.67% |
Average DrawdownAverage peak-to-trough decline | -4.76% | -31.35% | +26.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 12.70% | -6.97% |
Volatility
IWY vs. QQQD - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 7.41%, while Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a volatility of 8.70%. 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.
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Volatility by Period
| IWY | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 8.70% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 17.91% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 22.41% | -4.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.87% | 26.98% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.16% | 26.98% | -5.82% |
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 3.18% 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 | 3.18% | 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 (8.70%) compared to IWY (7.41%). In terms of maximum drawdown, IWY dropped -32.68% vs QQQD's -49.47%.
On 1-year performance, IWY leads with 14.76% vs -16.07% for QQQD. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 7.41%. 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 14.76% return vs -16.07%. 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 3.18%, 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 (0.83 vs -0.72), 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.
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