QCMD vs. FLYD
QCMD (Direxion Daily QCOM Bear 1X Shares) and FLYD (MicroSectors Travel -3X Inverse Leveraged ETNs) are both Inverse Equities funds. At a 0.41 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 0.95%/yr for FLYD.
Performance
QCMD vs. FLYD - Performance Comparison
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Returns By Period
In the year-to-date period, QCMD achieves a -38.50% return, which is significantly lower than FLYD's -13.05% return.
QCMD
- 1D
- 2.78%
- 1M
- -28.50%
- YTD
- -38.50%
- 6M
- -37.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLYD
- 1D
- -2.08%
- 1M
- -17.48%
- YTD
- -13.05%
- 6M
- -22.60%
- 1Y
- -49.08%
- 3Y*
- -55.38%
- 5Y*
- —
- 10Y*
- —
QCMD vs. FLYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | -38.50% | -11.76% |
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | -13.05% | -35.80% |
Correlation
The correlation between QCMD and FLYD is 0.41, 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 Jun 26, 2025 | 0.41 |
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Return for Risk
QCMD vs. FLYD — Risk / Return Rank
QCMD
FLYD
QCMD vs. FLYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) and MicroSectors Travel -3X Inverse Leveraged ETNs (FLYD). 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
| QCMD | FLYD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.01 | -0.75 | -0.27 |
Drawdowns
QCMD vs. FLYD - Drawdown Comparison
The maximum QCMD drawdown since its inception was -56.03%, smaller than the maximum FLYD drawdown of -98.11%. Use the drawdown chart below to compare losses from any high point for QCMD and FLYD.
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Drawdown Indicators
| QCMD | FLYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.03% | -98.11% | +42.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -54.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -93.41% | — |
Current DrawdownCurrent decline from peak | -54.81% | -97.99% | +43.18% |
Average DrawdownAverage peak-to-trough decline | -13.32% | -83.14% | +69.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.21% | — |
Volatility
QCMD vs. FLYD - Volatility Comparison
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Volatility by Period
| QCMD | FLYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.42% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.28% | 74.48% | -27.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.28% | 83.67% | -36.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.28% | 83.67% | -36.39% |
QCMD vs. FLYD - Expense Ratio Comparison
QCMD has a 1.00% expense ratio, which is higher than FLYD's 0.95% expense ratio.
Dividends
QCMD vs. FLYD - Dividend Comparison
QCMD's dividend yield for the trailing twelve months is around 3.86%, while FLYD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FLYD MicroSectors Travel -3X Inverse Leveraged ETNs | 0.00% | 0.00% |
QCMD Direxion Daily QCOM Bear 1X Shares | 3.86% | 1.77% |
Frequently Asked Questions
QCMD and FLYD have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLYD is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLYD is cheaper with a 0.95% expense ratio, compared with 1.00% for QCMD.
QCMD has the higher dividend yield at 3.86%, compared with 0.00% for FLYD.
They also come from different issuers: Direxion and REX. Their fees differ too: 1.00% for QCMD and 0.95% for FLYD.
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