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 -22.19% vs 28.68% for QQQE. At a correlation of -0.53, 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 13.23% return, which is significantly lower than QQQE's 19.12% return.
PLTD
- 1D
- 6.63%
- 1M
- -0.00%
- YTD
- 13.23%
- 6M
- 11.78%
- 1Y
- -22.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- -0.10%
- 1M
- 10.46%
- YTD
- 19.12%
- 6M
- 17.48%
- 1Y
- 28.68%
- 3Y*
- 18.69%
- 5Y*
- 10.30%
- 10Y*
- 15.49%
PLTD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 13.23% | -70.53% | -5.12% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 19.12% | 14.58% | -5.48% |
Correlation
The correlation between PLTD and QQQE is -0.43, 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 | -0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024 | -0.53 |
The correlation between PLTD and QQQE has been stable across timeframes, ranging from -0.53 to -0.43 - 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 | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 3.06 | -3.56 |
| Martin ratioReturn relative to average drawdown | -0.74 | 10.57 | -11.31 |
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 | -0.43 | 2.04 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.76 | -1.62 |
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 | -44.79% | -9.41% | -35.38% |
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 | -71.01% | -0.10% | -70.91% |
Average DrawdownAverage peak-to-trough decline | -59.43% | -5.17% | -54.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.14% | 2.72% | +27.42% |
Volatility
PLTD vs. QQQE - Volatility Comparison
Direxion Daily PLTR Bear 1X Shares (PLTD) has a higher volatility of 18.68% compared to Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) at 3.79%. 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 | 18.68% | 3.79% | +14.89% |
Volatility (6M)Calculated over the trailing 6-month period | 38.02% | 10.64% | +27.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.79% | 14.15% | +37.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.73% | 20.30% | +43.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.73% | 20.72% | +43.01% |
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 3.26%, more than QQQE's 0.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PLTD Direxion Daily PLTR Bear 1X Shares | 3.26% | 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 | 0.52% | 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
PLTD and QQQE have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTD has higher volatility (18.68%) compared to QQQE (3.79%). In terms of maximum drawdown, PLTD dropped -77.34% vs QQQE's -32.14%.
On 1-year performance, QQQE leads with 28.68% vs -22.19% for PLTD. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQE has been the lower-risk option at 3.79%. 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 28.68% return vs -22.19%. 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 0.98% for PLTD.
PLTD has the higher dividend yield at 3.26%, compared with 0.52% for QQQE.
PLTD is categorized as Inverse Equities, while QQQE is Nasdaq-100. PLTD tracks Palantir Technologies Inc. (-100%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 0.98% for PLTD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (2.04 vs -0.43), 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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