PLTD vs. QQQE
PLTD (Direxion Daily PLTR Bear 1X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds — PLTD is a Inverse Equities fund tracking the Palantir Technologies Inc. (-100%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past year, PLTD returned -46.69% vs 29.06% for QQQE. At -0.55, they often move in opposite directions. PLTD charges 0.98%/yr vs 0.35%/yr for QQQE.
Performance
PLTD vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, PLTD achieves a 16.59% return, which is significantly higher than QQQE's 3.12% return.
PLTD
- 1D
- -0.39%
- 1M
- 5.98%
- YTD
- 16.59%
- 6M
- 12.76%
- 1Y
- -46.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- 0.77%
- 1M
- 3.53%
- YTD
- 3.12%
- 6M
- 4.35%
- 1Y
- 29.06%
- 3Y*
- 14.49%
- 5Y*
- 6.95%
- 10Y*
- 13.93%
PLTD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 16.59% | -70.53% | -5.12% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 3.12% | 14.58% | -5.48% |
Correlation
The correlation between PLTD and QQQE is -0.48, 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 | -0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.55 |
The correlation between PLTD and QQQE has been stable across timeframes, ranging from -0.55 to -0.48 — a consistent structural relationship.
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Return for Risk
PLTD vs. QQQE — Risk / Return Rank
PLTD
QQQE
PLTD vs. QQQE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bear 1X Shares (PLTD) 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.
| PLTD | QQQE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.88 | 1.95 | -2.84 |
Sortino ratioReturn per unit of downside risk | -1.32 | 2.76 | -4.08 |
Omega ratioGain probability vs. loss probability | 0.85 | 1.35 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.85 | -3.63 |
Martin ratioReturn relative to average drawdown | -1.00 | 9.75 | -10.75 |
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
| PLTD | QQQE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | 1.95 | -2.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.34 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.89 | 0.71 | -1.60 |
Drawdowns
PLTD vs. QQQE - Drawdown Comparison
The maximum PLTD drawdown since its inception was -77.34%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for PLTD and QQQE.
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Drawdown Indicators
| PLTD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.34% | -32.14% | -45.20% |
Max Drawdown (1Y)Largest decline over 1 year | -60.37% | -9.41% | -50.96% |
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 | -70.14% | -0.67% | -69.47% |
Average DrawdownAverage peak-to-trough decline | -58.39% | -5.21% | -53.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 47.14% | 2.75% | +44.39% |
Volatility
PLTD vs. QQQE - Volatility Comparison
Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 17.67% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 5.63%. This indicates that PLTD'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
| PLTD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.67% | 5.63% | +12.04% |
Volatility (6M)Calculated over the trailing 6-month period | 37.67% | 10.87% | +26.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.58% | 15.16% | +38.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.34% | 20.34% | +44.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.34% | 20.71% | +43.63% |
PLTD vs. QQQE - Expense Ratio Comparison
PLTD has a 0.98% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
PLTD vs. QQQE - Dividend Comparison
PLTD's dividend yield for the trailing twelve months is around 3.17%, more than QQQE's 0.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 3.17% | 5.17% | 0.00% | 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 | 0.60% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |