QCMD vs. QQQD
QCMD (Direxion Daily QCOM Bear 1X Shares) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds from Direxion. At a 0.38 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 0.57%/yr for QQQD.
Performance
QCMD vs. QQQD - 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 QQQD's -2.89% return.
QCMD
- 1D
- -5.39%
- 1M
- -32.32%
- YTD
- -37.78%
- 6M
- -38.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCMD vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | -37.78% | -11.76% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -17.32% |
Correlation
The correlation between QCMD and QQQD is 0.38, 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 | 0.38 |
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Return for Risk
QCMD vs. QQQD — Risk / Return Rank
QCMD
QQQD
QCMD vs. QQQD - 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 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
| QCMD | QQQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.01 | -0.86 | -0.15 |
Drawdowns
QCMD vs. QQQD - Drawdown Comparison
The maximum QCMD drawdown since its inception was -55.59%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for QCMD and QQQD.
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Drawdown Indicators
| QCMD | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -49.47% | -6.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.65% | — |
Current DrawdownCurrent decline from peak | -54.28% | -47.50% | -6.78% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -30.34% | +17.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.72% | — |
Volatility
QCMD vs. QQQD - Volatility Comparison
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Volatility by Period
| QCMD | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.23% | 20.21% | +27.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.23% | 26.77% | +20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.23% | 26.77% | +20.46% |
QCMD vs. QQQD - Expense Ratio Comparison
QCMD has a 1.00% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
QCMD vs. QQQD - Dividend Comparison
QCMD's dividend yield for the trailing twelve months is around 3.82%, less than QQQD's 4.07% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | 3.82% | 1.77% | 0.00% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.07% | 4.33% | 5.17% |
Frequently Asked Questions
QCMD and QQQD have a correlation of 0.38, 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 1.00% for QCMD.
QQQD has the higher dividend yield at 4.07%, compared with 3.82% for QCMD.
Their fees differ too: 1.00% for QCMD and 0.57% for QQQD.
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