QCMD vs. YQQQ

Last updated Jun 5, 2026

QCMD (Direxion Daily QCOM Bear 1X Shares) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - QCMD is a Inverse Equities fund managed by Direxion, while YQQQ is a Derivative Income fund actively managed by YieldMax. At a 0.50 correlation, their price movements are largely independent. QCMD charges 1.00%/yr vs 0.99%/yr for YQQQ.

Performance

QCMD vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily QCOM Bear 1X Shares (QCMD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QCMD achieves a -38.50% return, which is significantly lower than YQQQ's -8.57% return.

QCMD

• 1D: 2.78%
• 1M: -28.50%
• YTD: -38.50%
• 6M: -37.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.41%
• 1M: -6.24%
• YTD: -8.57%
• 6M: -6.48%
• 1Y: -13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QCMD vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
QCMD Direxion Daily QCOM Bear 1X Shares	-38.50%	-11.76%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-8.57%	-4.74%

Correlation

The correlation between QCMD and YQQQ is 0.50, 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	0.50

Return for Risk

QCMD vs. YQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YQQQ

YQQQ Risk / Return Rank: 2
YQQQ Sharpe Ratio Rank: 1
YQQQ Sortino Ratio Rank: 2
YQQQ Omega Ratio Rank: 2
YQQQ Calmar Ratio Rank: 3
YQQQ Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QCMD vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

Sharpe Ratios by Period

	QCMD	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.01	-0.76	-0.25

Drawdowns

QCMD vs. YQQQ - Drawdown Comparison

The maximum QCMD drawdown since its inception was -56.03%, which is greater than YQQQ's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for QCMD and YQQQ.

Drawdown Indicators

	QCMD	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	-28.21%	-27.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.82%	—
Current Drawdown Current decline from peak	-54.81%	-27.87%	-26.94%
Average Drawdown Average peak-to-trough decline	-13.32%	-14.25%	+0.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.62%	—

Volatility

Volatility by Period

	QCMD	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.28%	12.50%	+34.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.28%	16.25%	+31.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.28%	16.25%	+31.03%

QCMD vs. YQQQ - Expense Ratio Comparison

QCMD has a 1.00% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

QCMD vs. YQQQ - Dividend Comparison

QCMD's dividend yield for the trailing twelve months is around 3.86%, less than YQQQ's 32.16% yield.

Position	TTM	2025	2024
QCMD Direxion Daily QCOM Bear 1X Shares	3.86%	1.77%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	32.16%	31.71%	7.88%

Frequently Asked Questions

Can I hold both QCMD and YQQQ in my portfolio?

QCMD and YQQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QCMD or YQQQ?

On fees, YQQQ is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QCMD or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.00% for QCMD.

Which ETF pays a higher dividend yield, QCMD or YQQQ?

YQQQ has the higher dividend yield at 32.16%, compared with 3.86% for QCMD.

What is the main difference between QCMD and YQQQ?

QCMD is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 1.00% for QCMD and 0.99% for YQQQ.