MUD vs. QQQE
MUD (Direxion Daily MU Bear 1X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - MUD is a Inverse Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. MUD is actively managed, while QQQE is passively managed. Over the past year, MUD returned -93.46% vs 24.78% for QQQE. Their -0.59 correlation means they have often moved in opposite directions in the past. MUD charges 0.97%/yr vs 0.35%/yr for QQQE.
Performance
MUD vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, MUD achieves a -80.35% return, which is significantly lower than QQQE's 19.62% return.
MUD
- 1D
- -7.66%
- 1M
- -0.79%
- 6M
- -69.73%
- YTD
- -80.35%
- 1Y
- -93.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -80.86%
QQQE
- 1D
- 2.88%
- 1M
- 1.53%
- 6M
- 19.28%
- YTD
- 19.62%
- 1Y
- 24.78%
- 3Y*
- 16.88%
- 5Y*
- 8.77%
- 10Y*
- 15.02%
- ALL TIME*
- 14.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $176.35M | $166.22M | $199.88M | |
| $22.34M | $22.78M | $24.64M |
MUD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | -80.35% | -78.75% | 19.12% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.62% | 14.58% | -1.26% |
Correlation
The correlation between MUD and QQQE is -0.57, 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. | -0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | -0.59 |
The correlation between MUD and QQQE has been stable across timeframes, ranging from -0.59 to -0.57 - a consistent structural relationship.
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Return for Risk
MUD vs. QQQE — Risk / Return Rank
MUD
QQQE
MUD vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MU Bear 1X Shares (MUD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -5.71 | ||
| Omega ratioGain probability vs. loss probability | 0.61 | 1.27 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 2.65 | -3.63 |
| Martin ratioReturn relative to average drawdown | -1.32 | 8.44 | -9.76 |
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Drawdowns
MUD vs. QQQE - Drawdown Comparison
The maximum MUD drawdown since its inception was -97.03%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for MUD and QQQE.
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Drawdown Indicators
| MUD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.03% | -32.14% | -64.89% |
Max Drawdown (1Y)Largest decline over 1 year | -94.56% | -9.41% | -85.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -96.38% | -0.44% | -95.94% |
Average DrawdownAverage peak-to-trough decline | -54.46% | -5.14% | -49.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.10% | 2.94% | +68.16% |
Volatility
MUD vs. QQQE - Volatility Comparison
Direxion Daily MU Bear 1X Shares (MUD) has a higher volatility of 33.65% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 4.82%. This indicates that MUD's price experiences larger fluctuations and is considered to be riskier than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 33.65% | 4.82% | +28.83% |
Volatility (6M)Calculated over the trailing 6-month period | 70.44% | 13.20% | +57.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.08% | 16.13% | +64.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.63% | 20.63% | +53.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.63% | 20.78% | +52.85% |
MUD vs. QQQE - Expense Ratio Comparison
MUD has a 0.97% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
MUD vs. QQQE - Dividend Comparison
MUD's dividend yield for the trailing twelve months is around 12.46%, more than QQQE's 0.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUD Direxion Daily MU Bear 1X Shares | 12.46% | 9.21% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.56% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
MUD and QQQE have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUD has higher volatility (33.65%) compared to QQQE (4.82%). In terms of maximum drawdown, MUD dropped -97.03% vs QQQE's -32.14%.
On 1-year performance, QQQE leads with 24.78% vs -93.46% for MUD. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 4.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQE has performed better with a 24.78% return vs -93.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.97% for MUD.
MUD has the higher dividend yield at 12.46%, compared with 0.56% for QQQE.
MUD is categorized as Inverse Equities, while QQQE is Nasdaq-100. Their fees differ too: 0.97% for MUD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.55 vs -1.15), 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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