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 -70.97% vs -15.94% for QQQD. Their -0.04 correlation means they have often moved in opposite directions in the past. 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 -62.98% return, which is significantly lower than QQQD's -3.87% return.
OILD
- 1D
- 1.27%
- 1M
- -27.98%
- 6M
- -43.08%
- YTD
- -62.98%
- 1Y
- -70.97%
- 3Y*
- -42.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -58.87%
QQQD
- 1D
- -0.68%
- 1M
- -5.70%
- 6M
- -5.44%
- YTD
- -3.87%
- 1Y
- -15.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.68M | $2.54M | $3.73M | |
| $1.26M | $1.22M | $1.70M |
OILD vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
OILD MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs | -62.98% | -41.67% | -3.99% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -3.87% | -20.32% | -27.75% |
Correlation
The correlation between OILD and QQQD is -0.26, 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. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.04 |
Over the past year, the inverse relationship between OILD and QQQD has strengthened: their correlation has moved from -0.04 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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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 | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.90 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.73 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.42 | -1.26 | -0.16 |
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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% | -21.94% | -52.59% |
Max Drawdown (3Y)Largest decline over 3 years | -85.42% | — | — |
Current DrawdownCurrent decline from peak | -98.80% | -48.02% | -50.78% |
Average DrawdownAverage peak-to-trough decline | -88.92% | -31.32% | -57.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.00% | 12.64% | +37.36% |
Volatility
OILD vs. QQQD - Volatility Comparison
MicroSectorsTM Oil & Gas Exploration & Production -3X Inverse Leveraged ETNs (OILD) has a higher volatility of 20.27% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 8.67%. 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 | 20.27% | 8.67% | +11.60% |
Volatility (6M)Calculated over the trailing 6-month period | 50.12% | 17.96% | +32.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.36% | 22.50% | +40.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.04% | 27.00% | +52.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.04% | 27.00% | +52.04% |
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 3.20%.
| 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 | 3.20% | 4.33% | 5.17% |
Frequently Asked Questions
OILD and QQQD have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OILD has higher volatility (20.27%) compared to QQQD (8.67%). In terms of maximum drawdown, OILD dropped -98.90% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -15.94% vs -70.97% for OILD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.67%. 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 -15.94% return vs -70.97%. 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 3.20%, 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 (-0.71 vs -1.12), 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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