QCMD vs. ZIVB

Last updated Jun 5, 2026

QCMD (Direxion Daily QCOM Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. QCMD charges 1.00%/yr vs 1.35%/yr for ZIVB.

Performance

QCMD vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily QCOM Bear 1X Shares (QCMD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QCMD

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

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QCMD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
QCMD Direxion Daily QCOM Bear 1X Shares	-1.30%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

QCMD vs. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily QCOM Bear 1X Shares (QCMD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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	ZIVB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.01	—	—

Drawdowns

QCMD vs. ZIVB - Drawdown Comparison

The maximum QCMD drawdown since its inception was -56.03%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QCMD and ZIVB.

Drawdown Indicators

	QCMD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-56.03%	0.00%	-56.03%
Current Drawdown Current decline from peak	-54.81%	0.00%	-54.81%
Average Drawdown Average peak-to-trough decline	-13.32%	0.00%	-13.32%

Volatility

Volatility by Period

	QCMD	ZIVB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	47.28%	0.00%	+47.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.28%	0.00%	+47.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.28%	0.00%	+47.28%

QCMD vs. ZIVB - Expense Ratio Comparison

QCMD has a 1.00% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

QCMD vs. ZIVB - Dividend Comparison

QCMD's dividend yield for the trailing twelve months is around 3.86%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025
QCMD Direxion Daily QCOM Bear 1X Shares	3.86%	1.77%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, QCMD or ZIVB?

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.

Which ETF is cheaper, QCMD or ZIVB?

QCMD is cheaper with a 1.00% expense ratio, compared with 1.35% for ZIVB.

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

QCMD has the higher dividend yield at 3.86%, compared with 0.00% for ZIVB.

What is the main difference between QCMD and ZIVB?

They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 1.00% for QCMD and 1.35% for ZIVB.