QQDN vs. PLTD

Last updated Jun 5, 2026

QQDN (ProShares UltraShort QQQ Mega) and PLTD (Direxion Daily PLTR Bear 1X Shares) are both Inverse Equities funds - QQDN tracks the Nasdaq-100 Mega Index while PLTD tracks the Palantir Technologies Inc. (-100%). Both are passively managed. At a 0.48 correlation, their price movements are largely independent. QQDN charges 0.95%/yr vs 0.98%/yr for PLTD.

Performance

QQDN vs. PLTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ Mega (QQDN) and Direxion Daily PLTR Bear 1X Shares (PLTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQDN achieves a -17.46% return, which is significantly lower than PLTD's 13.62% return.

QQDN

• 1D: -0.14%
• 1M: -6.55%
• YTD: -17.46%
• 6M: -13.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PLTD

• 1D: 0.35%
• 1M: -6.12%
• YTD: 13.62%
• 6M: 13.35%
• 1Y: -23.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQDN vs. PLTD - Yearly Performance Comparison

	2026 (YTD)	2025
QQDN ProShares UltraShort QQQ Mega	-17.46%	-34.14%
PLTD Direxion Daily PLTR Bear 1X Shares	13.62%	-29.41%

Correlation

The correlation between QQDN and PLTD is 0.48, 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 13, 2025	0.48

Return for Risk

QQDN vs. PLTD — Risk / Return Rank

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

PLTD

PLTD Risk / Return Rank: 5
PLTD Sharpe Ratio Rank: 5
PLTD Sortino Ratio Rank: 5
PLTD Omega Ratio Rank: 6
PLTD Calmar Ratio Rank: 4
PLTD Martin Ratio Rank: 6

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.

QQDN vs. PLTD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) and Direxion Daily PLTR Bear 1X Shares (PLTD). 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

	QQDN	PLTD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-0.85	-0.36

Drawdowns

QQDN vs. PLTD - Drawdown Comparison

The maximum QQDN drawdown since its inception was -50.19%, smaller than the maximum PLTD drawdown of -77.34%. Use the drawdown chart below to compare losses from any high point for QQDN and PLTD.

Drawdown Indicators

	QQDN	PLTD	Difference
Max Drawdown Largest peak-to-trough decline	-50.19%	-77.34%	+27.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.79%	—
Current Drawdown Current decline from peak	-47.00%	-70.90%	+23.90%
Average Drawdown Average peak-to-trough decline	-30.23%	-59.46%	+29.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	30.20%	—

Volatility

Volatility by Period

	QQDN	PLTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.51%	51.79%	-13.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.51%	63.64%	-25.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	63.64%	-25.13%

QQDN vs. PLTD - Expense Ratio Comparison

QQDN has a 0.95% expense ratio, which is lower than PLTD's 0.98% expense ratio.

Dividends

QQDN vs. PLTD - Dividend Comparison

QQDN's dividend yield for the trailing twelve months is around 4.93%, more than PLTD's 3.25% yield.

Position	TTM	2025
PLTD Direxion Daily PLTR Bear 1X Shares	3.25%	5.17%
QQDN ProShares UltraShort QQQ Mega	4.93%	3.42%

Frequently Asked Questions

Can I hold both QQDN and PLTD in my portfolio?

QQDN and PLTD have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQDN or PLTD?

On fees, QQDN is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQDN or PLTD?

QQDN is cheaper with a 0.95% expense ratio, compared with 0.98% for PLTD.

Which ETF pays a higher dividend yield, QQDN or PLTD?

QQDN has the higher dividend yield at 4.93%, compared with 3.25% for PLTD.

What is the main difference between QQDN and PLTD?

QQDN tracks Nasdaq-100 Mega Index, while PLTD tracks Palantir Technologies Inc. (-100%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for QQDN and 0.98% for PLTD.