QQQD vs. BDGS

Last updated Aug 2, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and BDGS (Bridges Capital Tactical ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while BDGS is a Tactical Allocation fund actively managed by Bridges. QQQD is passively managed, while BDGS is actively managed. Over the past year, QQQD returned -14.09% vs 10.14% for BDGS. Their -0.78 correlation means they have often moved in opposite directions in the past. QQQD charges 0.57%/yr vs 0.87%/yr for BDGS.

Performance

QQQD vs. BDGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Bridges Capital Tactical ETF (BDGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQD achieves a 0.46% return, which is significantly lower than BDGS's 4.35% return.

QQQD

• 1D: -3.23%
• 1M: -1.45%
• 6M: 0.57%
• YTD: 0.46%
• 1Y: -14.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -20.41%

BDGS

• 1D: 0.56%
• 1M: -0.71%
• 6M: 4.08%
• YTD: 4.35%
• 1Y: 10.14%
• 3Y*: 13.19%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDGS Bridges Capital Tactical ETF	$35.83K	$93.96K	$183.58K
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	$1.12M	$1.26M	$1.70M

QQQD vs. BDGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	0.46%	-20.32%	-27.75%
BDGS Bridges Capital Tactical ETF	4.35%	10.61%	17.63%

Correlation

The correlation between QQQD and BDGS is -0.87, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.87
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	-0.78

The correlation between QQQD and BDGS has been stable across timeframes, ranging from -0.87 to -0.78 - a consistent structural relationship.

Return for Risk

QQQD vs. BDGS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQD

QQQD Risk / Return Rank: 5
QQQD Sharpe Ratio Rank: 5
QQQD Sortino Ratio Rank: 5
QQQD Omega Ratio Rank: 5
QQQD Calmar Ratio Rank: 5
QQQD Martin Ratio Rank: 5

BDGS

BDGS Risk / Return Rank: 64
BDGS Sharpe Ratio Rank: 59
BDGS Sortino Ratio Rank: 64
BDGS Omega Ratio Rank: 66
BDGS Calmar Ratio Rank: 59
BDGS Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQD vs. BDGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Bridges Capital Tactical ETF (BDGS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQD	BDGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	1.38	-1.88
Sortino ratio: Return per unit of downside risk	-0.60	2.12	-2.72
Omega ratio: Gain probability vs. loss probability	0.93	1.28	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.51	2.04	-2.56
Martin ratio: Return relative to average drawdown	-0.85	8.70	-9.55

QQQD vs. BDGS - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.50, which is lower than the BDGS Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of QQQD and BDGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQD vs. BDGS - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, which is greater than BDGS's maximum drawdown of -9.12%. Use the drawdown chart below to compare losses from any high point for QQQD and BDGS.

Drawdown Indicators

	QQQD	BDGS	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-9.12%	-40.35%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-4.76%	-17.18%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.12%	—
Current Drawdown Current decline from peak	-45.68%	-2.03%	-43.65%
Average Drawdown Average peak-to-trough decline	-31.27%	-0.69%	-30.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.19%	1.12%	+12.07%

Volatility

QQQD vs. BDGS - Volatility Comparison

Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.15% compared to Bridges Capital Tactical ETF (BDGS) at 3.21%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than BDGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	BDGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	3.21%	+4.94%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	6.11%	+11.46%
Volatility (1Y) Calculated over the trailing 1-year period	22.50%	7.06%	+15.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.94%	8.30%	+18.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	8.30%	+18.64%

QQQD vs. BDGS - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than BDGS's 0.87% expense ratio.

Dividends

QQQD vs. BDGS - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.06%, more than BDGS's 0.53% yield.

Position	TTM	2025	2024	2023
BDGS Bridges Capital Tactical ETF	0.53%	0.55%	1.81%	0.84%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.06%	4.33%	5.17%	0.00%

Frequently Asked Questions

Can I hold both QQQD and BDGS in my portfolio?

QQQD and BDGS have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQD or BDGS?

QQQD has higher volatility (8.15%) compared to BDGS (3.21%). In terms of maximum drawdown, QQQD dropped -49.47% vs BDGS's -9.12%.

Which ETF is better, QQQD or BDGS?

On 1-year performance, BDGS leads with 10.14% vs -14.09% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, BDGS has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or BDGS?

Over the 1-year period, BDGS has performed better with a 10.14% return vs -14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or BDGS?

QQQD is cheaper with a 0.57% expense ratio, compared with 0.87% for BDGS.

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

QQQD has the higher dividend yield at 3.06%, compared with 0.53% for BDGS.

What is the main difference between QQQD and BDGS?

QQQD is categorized as Inverse Equities, while BDGS is Tactical Allocation. They also come from different issuers: Direxion and Bridges. Their fees differ too: 0.57% for QQQD and 0.87% for BDGS.

Which has better risk-adjusted returns?

BDGS currently has the higher Sharpe Ratio (1.38 vs -0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.