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 26.69% vs -21.80% 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
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Returns By Period
In the year-to-date period, IWY achieves a 7.20% return, which is significantly higher than QQQD's -2.89% return.
IWY
- 1D
- -1.41%
- 1M
- 5.83%
- YTD
- 7.20%
- 6M
- 6.65%
- 1Y
- 26.69%
- 3Y*
- 25.47%
- 5Y*
- 16.45%
- 10Y*
- 19.57%
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWY vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 7.20% | 18.19% | 21.97% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -20.32% | -27.69% |
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 8, 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.
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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.
| IWY | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.81 | ||
| Sortino ratioReturn per unit of downside risk | +3.90 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.83 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.82 | +2.43 |
| Martin ratioReturn relative to average drawdown | 5.26 | -1.23 | +6.49 |
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 | 1.73 | -1.08 | +2.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | -0.86 | +1.78 |
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% | -26.65% | +10.02% |
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 | -1.82% | -47.50% | +45.68% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -30.34% | +25.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.09% | 17.72% | -12.63% |
Volatility
IWY vs. QQQD - Volatility Comparison
The current volatility for iShares Russell Top 200 Growth ETF (IWY) is 3.69%, while Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a volatility of 4.76%. 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 | 3.69% | 4.76% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 14.43% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 20.21% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.48% | 26.77% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 26.77% | -5.80% |
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 0.33%, less than QQQD's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWY iShares Russell Top 200 Growth ETF | 0.33% | 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 | 4.07% | 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 (4.76%) compared to IWY (3.69%). In terms of maximum drawdown, IWY dropped -32.68% vs QQQD's -49.47%.
On 1-year performance, IWY leads with 26.69% vs -21.80% for QQQD. On fees, IWY is cheaper at 0.20% per year. On volatility, IWY has been the lower-risk option at 3.69%. 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 26.69% return vs -21.80%. 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 4.07%, compared with 0.33% 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 (1.73 vs -1.08), 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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