MUD vs. QQQD
MUD (Direxion Daily MU Bear 1X Shares) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds from Direxion. MUD is actively managed, while QQQD is passively managed. Over the past year, MUD returned -92.90% vs -14.61% for QQQD. At a 0.45 correlation, their price movements are largely independent. MUD charges 0.97%/yr vs 0.57%/yr for QQQD.
Performance
MUD vs. QQQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MUD achieves a -80.97% return, which is significantly lower than QQQD's 4.24% return.
MUD
- 1D
- 12.55%
- 1M
- -38.07%
- YTD
- -80.97%
- 6M
- -81.60%
- 1Y
- -92.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- 0.67%
- 1M
- 9.00%
- YTD
- 4.24%
- 6M
- 6.32%
- 1Y
- -14.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MUD vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | -80.97% | -78.75% | 19.12% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.24% | -20.32% | -13.12% |
Correlation
The correlation between MUD and QQQD is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.45 |
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
MUD vs. QQQD — Risk / Return Rank
MUD
QQQD
MUD vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bear 1X Shares (MUD) 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.
| MUD | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.94 | ||
| Omega ratioGain probability vs. loss probability | 0.58 | 0.90 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.64 | -0.34 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.01 | -0.43 |
Loading charts...
Drawdowns
MUD vs. QQQD - Drawdown Comparison
The maximum MUD drawdown since its inception was -96.89%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for MUD and QQQD.
Loading charts...
Drawdown Indicators
| MUD | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.89% | -49.47% | -47.42% |
Max Drawdown (1Y)Largest decline over 1 year | -94.52% | -22.92% | -71.60% |
Current DrawdownCurrent decline from peak | -96.50% | -43.64% | -52.86% |
Average DrawdownAverage peak-to-trough decline | -51.61% | -30.63% | -20.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.29% | 14.98% | +49.31% |
Volatility
MUD vs. QQQD - Volatility Comparison
Direxion Daily MU Bear 1X Shares (MUD) has a higher volatility of 38.19% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 7.17%. This indicates that MUD's price experiences larger fluctuations and is considered to be riskier than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MUD | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 38.19% | 7.17% | +31.02% |
Volatility (6M)Calculated over the trailing 6-month period | 62.00% | 15.65% | +46.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.50% | 20.89% | +51.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.99% | 26.85% | +43.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.99% | 26.85% | +43.14% |
MUD vs. QQQD - Expense Ratio Comparison
MUD has a 0.97% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
MUD vs. QQQD - Dividend Comparison
MUD's dividend yield for the trailing twelve months is around 30.97%, more than QQQD's 3.79% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | 30.97% | 9.21% | 0.47% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.79% | 4.33% | 5.17% |
Frequently Asked Questions
MUD and QQQD 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.
MUD has higher volatility (38.19%) compared to QQQD (7.17%). In terms of maximum drawdown, MUD dropped -96.89% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -14.61% vs -92.90% for MUD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQD has performed better with a -14.61% return vs -92.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.97% for MUD.
MUD has the higher dividend yield at 30.97%, compared with 3.79% for QQQD.
Their fees differ too: 0.97% for MUD and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.71 vs -1.28), 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 MUD 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