QCMD vs. NFXS
QCMD (Direxion Daily QCOM Bear 1X Shares) and NFXS (Direxion Daily NFLX Bear 1X Shares) are both Inverse Equities funds from Direxion. At a 0.03 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 1.03%/yr for NFXS.
Performance
QCMD vs. NFXS - Performance Comparison
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Returns By Period
In the year-to-date period, QCMD achieves a -37.78% return, which is significantly lower than NFXS's 11.23% return.
QCMD
- 1D
- -5.39%
- 1M
- -32.32%
- YTD
- -37.78%
- 6M
- -38.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NFXS
- 1D
- 2.15%
- 1M
- 11.52%
- YTD
- 11.23%
- 6M
- 23.05%
- 1Y
- 43.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCMD vs. NFXS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | -37.78% | -11.76% |
NFXS Direxion Daily NFLX Bear 1X Shares | 11.23% | 34.55% |
Correlation
The correlation between QCMD and NFXS is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.03 |
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Return for Risk
QCMD vs. NFXS — Risk / Return Rank
QCMD
NFXS
QCMD vs. NFXS - 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 NFLX Bear 1X Shares (NFXS). 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 | NFXS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.31 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.01 | -0.36 | -0.64 |
Drawdowns
QCMD vs. NFXS - Drawdown Comparison
The maximum QCMD drawdown since its inception was -55.59%, which is greater than NFXS's maximum drawdown of -50.37%. Use the drawdown chart below to compare losses from any high point for QCMD and NFXS.
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Drawdown Indicators
| QCMD | NFXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -50.37% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.31% | — |
Current DrawdownCurrent decline from peak | -54.28% | -21.98% | -32.30% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -32.39% | +19.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.39% | — |
Volatility
QCMD vs. NFXS - Volatility Comparison
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Volatility by Period
| QCMD | NFXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 26.37% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.23% | 33.13% | +14.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.23% | 34.68% | +12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.23% | 34.68% | +12.55% |
QCMD vs. NFXS - Expense Ratio Comparison
QCMD has a 1.00% expense ratio, which is lower than NFXS's 1.03% expense ratio.
Dividends
QCMD vs. NFXS - Dividend Comparison
QCMD's dividend yield for the trailing twelve months is around 3.82%, more than NFXS's 2.81% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NFXS Direxion Daily NFLX Bear 1X Shares | 2.81% | 3.53% | 0.87% |
QCMD Direxion Daily QCOM Bear 1X Shares | 3.82% | 1.77% | 0.00% |
Frequently Asked Questions
QCMD and NFXS have a correlation of 0.03, 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 1.03% for NFXS.
QCMD has the higher dividend yield at 3.82%, compared with 2.81% for NFXS.
Their fees differ too: 1.00% for QCMD and 1.03% for NFXS.
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