QQQD vs. AAPL
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Apple Inc (AAPL).
QQQD is a passively managed fund by Direxion that tracks the performance of the Indxx Magnificent 7 Index (-100%). It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQD or AAPL.
Correlation
The correlation between QQQD and AAPL is -0.83. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
QQQD vs. AAPL - Performance Comparison
Key characteristics
QQQD:
-0.66
AAPL:
0.80
QQQD:
-0.80
AAPL:
1.30
QQQD:
0.90
AAPL:
1.19
QQQD:
-0.59
AAPL:
0.78
QQQD:
-1.00
AAPL:
2.94
QQQD:
21.60%
AAPL:
8.85%
QQQD:
32.62%
AAPL:
32.69%
QQQD:
-36.25%
AAPL:
-81.80%
QQQD:
-23.44%
AAPL:
-19.11%
Returns By Period
In the year-to-date period, QQQD achieves a 12.83% return, which is significantly higher than AAPL's -16.34% return.
QQQD
12.83%
-1.05%
0.87%
-19.23%
N/A
N/A
AAPL
-16.34%
-6.51%
-9.36%
24.20%
25.04%
22.03%
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Risk-Adjusted Performance
QQQD vs. AAPL — Risk-Adjusted Performance Rank
QQQD
AAPL
QQQD vs. AAPL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Apple Inc (AAPL). 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.
Dividends
QQQD vs. AAPL - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.31%, more than AAPL's 0.48% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.31% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.48% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
QQQD vs. AAPL - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for QQQD and AAPL. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. AAPL - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 21.28%, while Apple Inc (AAPL) has a volatility of 22.62%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.