QCMD vs. MSFD
QCMD (Direxion Daily QCOM Bear 1X Shares) and MSFD (Direxion Daily MSFT Bear 1X Shares) are both Inverse Equities funds from Direxion. At a 0.12 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 1.06%/yr for MSFD.
Performance
QCMD vs. MSFD - 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 MSFD's 10.13% return.
QCMD
- 1D
- 2.78%
- 1M
- -28.50%
- YTD
- -38.50%
- 6M
- -37.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFD
- 1D
- -0.27%
- 1M
- -4.61%
- YTD
- 10.13%
- 6M
- 9.68%
- 1Y
- 7.32%
- 3Y*
- -7.21%
- 5Y*
- —
- 10Y*
- —
QCMD vs. MSFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | -38.50% | -11.76% |
MSFD Direxion Daily MSFT Bear 1X Shares | 10.13% | 3.09% |
Correlation
The correlation between QCMD and MSFD is 0.12, 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 | 0.12 |
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Return for Risk
QCMD vs. MSFD — Risk / Return Rank
QCMD
MSFD
QCMD vs. MSFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) and Direxion Daily MSFT Bear 1X Shares (MSFD). 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 | MSFD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.01 | -0.51 | -0.50 |
Drawdowns
QCMD vs. MSFD - Drawdown Comparison
The maximum QCMD drawdown since its inception was -56.03%, smaller than the maximum MSFD drawdown of -59.90%. Use the drawdown chart below to compare losses from any high point for QCMD and MSFD.
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Drawdown Indicators
| QCMD | MSFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.03% | -59.90% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | — | -23.25% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -40.50% | — |
Current DrawdownCurrent decline from peak | -54.81% | -50.33% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -13.32% | -41.60% | +28.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.40% | — |
Volatility
QCMD vs. MSFD - Volatility Comparison
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Volatility by Period
| QCMD | MSFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.28% | 25.32% | +21.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.28% | 26.14% | +21.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.28% | 26.14% | +21.14% |
QCMD vs. MSFD - Expense Ratio Comparison
QCMD has a 1.00% expense ratio, which is lower than MSFD's 1.06% expense ratio.
Dividends
QCMD vs. MSFD - Dividend Comparison
QCMD's dividend yield for the trailing twelve months is around 3.86%, more than MSFD's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MSFD Direxion Daily MSFT Bear 1X Shares | 2.84% | 3.33% | 4.46% | 4.43% | 0.74% |
QCMD Direxion Daily QCOM Bear 1X Shares | 3.86% | 1.77% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QCMD and MSFD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QCMD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QCMD is cheaper with a 1.00% expense ratio, compared with 1.06% for MSFD.
QCMD has the higher dividend yield at 3.86%, compared with 2.84% for MSFD.
Their fees differ too: 1.00% for QCMD and 1.06% for MSFD.
Find the right allocation for QCMD and MSFD
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