IWY vs. QQQD
Compare and contrast key facts about iShares Russell Top 200 Growth ETF (IWY) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD).
IWY and QQQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. QQQD is a passively managed fund by Direxion that tracks the performance of the Indxx Magnificent 7 Index (-100%). It was launched on Mar 6, 2024. Both IWY and QQQD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IWY vs. QQQD - Performance Comparison
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IWY vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | -9.30% | 18.19% | 21.97% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 12.68% | -20.32% | -27.69% |
Returns By Period
In the year-to-date period, IWY achieves a -9.30% return, which is significantly lower than QQQD's 12.68% return.
IWY
- 1D
- 0.87%
- 1M
- -4.60%
- YTD
- -9.30%
- 6M
- -8.67%
- 1Y
- 18.58%
- 3Y*
- 22.41%
- 5Y*
- 13.61%
- 10Y*
- 17.59%
QQQD
- 1D
- -1.36%
- 1M
- 4.66%
- YTD
- 12.68%
- 6M
- 10.30%
- 1Y
- -22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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IWY vs. QQQD - Expense Ratio Comparison
IWY has a 0.20% expense ratio, which is lower than QQQD's 0.57% expense ratio.
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.
| IWY | QQQD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | -0.81 | +1.65 |
Sortino ratioReturn per unit of downside risk | 1.35 | -1.00 | +2.35 |
Omega ratioGain probability vs. loss probability | 1.19 | 0.86 | +0.33 |
Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.58 | +1.74 |
Martin ratioReturn relative to average drawdown | 3.89 | -0.73 | +4.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWY | QQQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | -0.81 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | -0.69 | +1.56 |
Correlation
The correlation between IWY and QQQD is -0.92. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
IWY vs. QQQD - Dividend Comparison
IWY's dividend yield for the trailing twelve months is around 0.39%, less than QQQD's 3.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.39% | 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 | 3.51% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IWY vs. QQQD - Drawdown Comparison
The maximum IWY drawdown since its inception was -32.68%, smaller than the maximum QQQD drawdown of -47.84%. 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% | -47.84% | +15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.63% | -42.27% | +25.64% |
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 | -12.77% | -39.07% | +26.30% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -29.03% | +24.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 33.47% | -28.48% |
Volatility
IWY vs. QQQD - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 6.70%, while Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a volatility of 8.73%. 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 | 6.70% | 8.73% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 15.49% | -3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.29% | 28.49% | -6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.49% | 27.32% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 27.32% | -6.40% |