QQDN vs. QQQD

Last updated Jun 5, 2026

QQDN (ProShares UltraShort QQQ Mega) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds - QQDN tracks the Nasdaq-100 Mega Index while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. QQDN charges 0.95%/yr vs 0.57%/yr for QQQD.

Performance

QQDN vs. QQQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort QQQ Mega (QQDN) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD). 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 QQQD's -4.06% return.

QQDN

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

QQQD

• 1D: -1.20%
• 1M: -2.83%
• YTD: -4.06%
• 6M: -3.12%
• 1Y: -22.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQDN vs. QQQD - Yearly Performance Comparison

	2026 (YTD)	2025
QQDN ProShares UltraShort QQQ Mega	-17.46%	-34.14%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-4.06%	-18.61%

Correlation

The correlation between QQDN and QQQD is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.91

Return for Risk

QQDN vs. QQQD — Risk / Return Rank

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

QQQD

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

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. QQQD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ Mega (QQDN) 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.

Sharpe Ratios by Period

	QQDN	QQQD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.21	-0.87	-0.34

Drawdowns

QQDN vs. QQQD - Drawdown Comparison

The maximum QQDN drawdown since its inception was -50.19%, roughly equal to the maximum QQQD drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for QQDN and QQQD.

Drawdown Indicators

	QQDN	QQQD	Difference
Max Drawdown Largest peak-to-trough decline	-50.19%	-49.47%	-0.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.65%	—
Current Drawdown Current decline from peak	-47.00%	-48.13%	+1.13%
Average Drawdown Average peak-to-trough decline	-30.23%	-30.37%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	17.79%	—

Volatility

Volatility by Period

	QQDN	QQQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.51%	20.24%	+18.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.51%	26.76%	+11.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.51%	26.76%	+11.75%

QQDN vs. QQQD - Expense Ratio Comparison

QQDN has a 0.95% expense ratio, which is higher than QQQD's 0.57% expense ratio.

Dividends

QQDN vs. QQQD - Dividend Comparison

QQDN's dividend yield for the trailing twelve months is around 4.93%, more than QQQD's 4.12% yield.

Position	TTM	2025	2024
QQDN ProShares UltraShort QQQ Mega	4.93%	3.42%	0.00%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	4.12%	4.33%	5.17%

Frequently Asked Questions

Can I hold both QQDN and QQQD in my portfolio?

With a correlation of 0.91, QQDN and QQQD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, QQDN or QQQD?

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.

Which ETF is cheaper, QQDN or QQQD?

QQQD is cheaper with a 0.57% expense ratio, compared with 0.95% for QQDN.

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

QQDN has the higher dividend yield at 4.93%, compared with 4.12% for QQQD.

What is the main difference between QQDN and QQQD?

QQDN tracks Nasdaq-100 Mega Index, while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for QQDN and 0.57% for QQQD.