OILD vs. QQQD
OILD (MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds - OILD tracks the Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%) while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, OILD returned -62.90% vs -10.30% for QQQD. At a correlation of -0.01, they often move in opposite directions. OILD charges 0.95%/yr vs 0.57%/yr for QQQD.
Performance
OILD vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, OILD achieves a -51.09% return, which is significantly lower than QQQD's 8.49% return.
OILD
- 1D
- -2.73%
- 1M
- 20.25%
- YTD
- -51.09%
- 6M
- -52.16%
- 1Y
- -62.90%
- 3Y*
- -44.01%
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- 2.43%
- 1M
- 13.91%
- YTD
- 8.49%
- 6M
- 10.62%
- 1Y
- -10.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OILD vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -51.09% | -41.67% | -3.99% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 8.49% | -20.32% | -27.75% |
Correlation
The correlation between OILD and QQQD is -0.19, 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 | -0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.01 |
The correlation between OILD and QQQD shifts across timeframes, from -0.19 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OILD vs. QQQD — Risk / Return Rank
OILD
QQQD
OILD vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) 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.
| OILD | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.93 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.46 | -0.39 |
| Martin ratioReturn relative to average drawdown | -1.40 | -0.72 | -0.68 |
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Drawdowns
OILD vs. QQQD - Drawdown Comparison
The maximum OILD drawdown since its inception was -98.90%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for OILD and QQQD.
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Drawdown Indicators
| OILD | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.90% | -49.47% | -49.43% |
Max Drawdown (1Y)Largest decline over 1 year | -74.53% | -22.67% | -51.86% |
Max Drawdown (3Y)Largest decline over 3 years | -87.76% | — | — |
Current DrawdownCurrent decline from peak | -98.41% | -41.34% | -57.07% |
Average DrawdownAverage peak-to-trough decline | -88.69% | -30.67% | -58.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.80% | 14.29% | +30.51% |
Volatility
OILD vs. QQQD - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 21.07% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 7.42%. This indicates that OILD'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.
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Volatility by Period
| OILD | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.07% | 7.42% | +13.65% |
Volatility (6M)Calculated over the trailing 6-month period | 49.80% | 15.86% | +33.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.31% | 21.00% | +41.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.36% | 26.88% | +52.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.36% | 26.88% | +52.48% |
OILD vs. QQQD - Expense Ratio Comparison
OILD has a 0.95% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
OILD vs. QQQD - Dividend Comparison
OILD has not paid dividends to shareholders, while QQQD's dividend yield for the trailing twelve months is around 2.84%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 2.84% | 4.33% | 5.17% |
Frequently Asked Questions
OILD and QQQD have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (21.07%) compared to QQQD (7.42%). In terms of maximum drawdown, OILD dropped -98.90% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -10.30% vs -62.90% for OILD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.42%. 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 -10.30% return vs -62.90%. 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 0.95% for OILD.
QQQD has the higher dividend yield at 2.84%, compared with 0.00% for OILD.
OILD tracks Solactive MicroSectors Oil & Gas Exploration & Production Index (-300%), while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for OILD and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.49 vs -1.01), 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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