QBTZ vs. QQQD
QBTZ (Defiance Daily Target 2X Short QBTS ETF) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds. QBTZ is actively managed, while QQQD is passively managed. At a 0.37 correlation, their price movements are largely independent. QBTZ charges 1.29%/yr vs 0.57%/yr for QQQD.
Performance
QBTZ vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, QBTZ achieves a -86.84% return, which is significantly lower than QQQD's -4.06% return.
QBTZ
- 1D
- -1.57%
- 1M
- -73.34%
- YTD
- -86.84%
- 6M
- -88.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- -1.20%
- 1M
- -2.83%
- YTD
- -4.06%
- 6M
- -3.12%
- 1Y
- -22.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBTZ vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | -86.84% | -50.03% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -4.06% | -3.09% |
Correlation
The correlation between QBTZ and QQQD is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025 | 0.37 |
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Return for Risk
QBTZ vs. QQQD — Risk / Return Rank
QBTZ
QQQD
QBTZ vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| QBTZ | QQQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | -0.87 | +0.45 |
Drawdowns
QBTZ vs. QQQD - Drawdown Comparison
The maximum QBTZ drawdown since its inception was -96.03%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for QBTZ and QQQD.
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Drawdown Indicators
| QBTZ | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -49.47% | -46.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -95.42% | -48.13% | -47.29% |
Average DrawdownAverage peak-to-trough decline | -55.88% | -30.37% | -25.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.79% | — |
Volatility
QBTZ vs. QQQD - Volatility Comparison
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Volatility by Period
| QBTZ | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 234.44% | 20.24% | +214.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 234.44% | 26.76% | +207.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 234.44% | 26.76% | +207.68% |
QBTZ vs. QQQD - Expense Ratio Comparison
QBTZ has a 1.29% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
QBTZ vs. QQQD - Dividend Comparison
QBTZ has not paid dividends to shareholders, while QQQD's dividend yield for the trailing twelve months is around 4.12%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | 0.00% | 0.00% | 0.00% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.12% | 4.33% | 5.17% |
Frequently Asked Questions
QBTZ and QQQD have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQD is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQD is cheaper with a 0.57% expense ratio, compared with 1.29% for QBTZ.
QQQD has the higher dividend yield at 4.12%, compared with 0.00% for QBTZ.
They also come from different issuers: Defiance ETFs and Direxion. Their fees differ too: 1.29% for QBTZ and 0.57% for QQQD.
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