QCMD vs. SHRT
QCMD (Direxion Daily QCOM Bear 1X Shares) and SHRT (Gotham Short Strategies ETF) are both Inverse Equities funds. At a 0.21 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 1.35%/yr for SHRT.
Performance
QCMD vs. SHRT - 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 SHRT's -17.15% return.
QCMD
- 1D
- 2.78%
- 1M
- -28.50%
- YTD
- -38.50%
- 6M
- -37.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHRT
- 1D
- 0.06%
- 1M
- -3.02%
- YTD
- -17.15%
- 6M
- -15.15%
- 1Y
- -21.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCMD vs. SHRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | -38.50% | -11.76% |
SHRT Gotham Short Strategies ETF | -17.15% | -5.75% |
Correlation
The correlation between QCMD and SHRT is 0.21, 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 | 0.21 |
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Return for Risk
QCMD vs. SHRT — Risk / Return Rank
QCMD
SHRT
QCMD vs. SHRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) and Gotham Short Strategies ETF (SHRT). 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 | SHRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.01 | -0.79 | -0.22 |
Drawdowns
QCMD vs. SHRT - Drawdown Comparison
The maximum QCMD drawdown since its inception was -56.03%, which is greater than SHRT's maximum drawdown of -25.98%. Use the drawdown chart below to compare losses from any high point for QCMD and SHRT.
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Drawdown Indicators
| QCMD | SHRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.03% | -25.98% | -30.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -22.73% | — |
Current DrawdownCurrent decline from peak | -54.81% | -25.70% | -29.11% |
Average DrawdownAverage peak-to-trough decline | -13.32% | -8.15% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.49% | — |
Volatility
QCMD vs. SHRT - Volatility Comparison
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Volatility by Period
| QCMD | SHRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 47.28% | 13.04% | +34.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.28% | 12.77% | +34.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.28% | 12.77% | +34.51% |
QCMD vs. SHRT - Expense Ratio Comparison
QCMD has a 1.00% expense ratio, which is lower than SHRT's 1.35% expense ratio.
Dividends
QCMD vs. SHRT - Dividend Comparison
QCMD's dividend yield for the trailing twelve months is around 3.86%, more than SHRT's 0.08% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QCMD Direxion Daily QCOM Bear 1X Shares | 3.86% | 1.77% | 0.00% | 0.00% |
SHRT Gotham Short Strategies ETF | 0.08% | 0.07% | 0.85% | 0.27% |
Frequently Asked Questions
QCMD and SHRT have a correlation of 0.21, 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 1.35% for SHRT.
QCMD has the higher dividend yield at 3.86%, compared with 0.08% for SHRT.
They also come from different issuers: Direxion and Gotham. Their fees differ too: 1.00% for QCMD and 1.35% for SHRT.
Find the right allocation for QCMD and SHRT
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