QQQD vs. BRKD

Last updated Jul 14, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and BRKD (Direxion Daily BRKB Bear 1X Shares) are both Inverse Equities funds from Direxion - QQQD tracks the Indxx Magnificent 7 Index (-100%) while BRKD tracks the Berkshire Hathaway Inc. Class B (-100%). Both are passively managed. Over the past year, QQQD returned -15.69% vs 2.41% for BRKD. At a 0.09 correlation, their price movements are largely independent. QQQD charges 0.57%/yr vs 1.00%/yr for BRKD.

Performance

QQQD vs. BRKD - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQD achieves a -0.87% return, which is significantly lower than BRKD's 5.90% return.

QQQD

• 1D: 1.07%
• 1M: -3.17%
• 6M: -0.37%
• YTD: -0.87%
• 1Y: -15.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKD

• 1D: 0.00%
• 1M: 0.00%
• 6M: 4.92%
• YTD: 5.90%
• 1Y: 2.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. BRKD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-0.87%	-20.32%	1.20%
BRKD Direxion Daily BRKB Bear 1X Shares	5.90%	-6.69%	2.19%

Correlation

The correlation between QQQD and BRKD is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.09

The correlation between QQQD and BRKD shifts across timeframes, from -0.04 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QQQD vs. BRKD — Risk / Return Rank

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

QQQD

QQQD Risk / Return Rank: 3
QQQD Sharpe Ratio Rank: 3
QQQD Sortino Ratio Rank: 3
QQQD Omega Ratio Rank: 4
QQQD Calmar Ratio Rank: 3
QQQD Martin Ratio Rank: 3

BRKD

BRKD Risk / Return Rank: 12
BRKD Sharpe Ratio Rank: 13
BRKD Sortino Ratio Rank: 12
BRKD Omega Ratio Rank: 12
BRKD Calmar Ratio Rank: 13
BRKD Martin Ratio Rank: 12

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.

QQQD vs. BRKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily BRKB Bear 1X Shares (BRKD). 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	BRKD	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	0.19	-0.93
Sortino ratio: Return per unit of downside risk	-0.98	0.39	-1.37
Omega ratio: Gain probability vs. loss probability	0.89	1.05	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.72	0.26	-0.98
Martin ratio: Return relative to average drawdown	-1.22	0.50	-1.72

QQQD vs. BRKD - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.74, which is lower than the BRKD Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of QQQD and BRKD, 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. BRKD - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, which is greater than BRKD's maximum drawdown of -17.92%. Use the drawdown chart below to compare losses from any high point for QQQD and BRKD.

Drawdown Indicators

	QQQD	BRKD	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-17.92%	-31.55%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-9.34%	-12.60%
Current Drawdown Current decline from peak	-46.40%	-3.69%	-42.71%
Average Drawdown Average peak-to-trough decline	-30.94%	-7.45%	-23.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	4.83%	+8.12%

Volatility

QQQD vs. BRKD - Volatility Comparison

Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 7.79% compared to Direxion Daily BRKB Bear 1X Shares (BRKD) at 0.00%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than BRKD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	BRKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	0.00%	+7.79%
Volatility (6M) Calculated over the trailing 6-month period	16.58%	8.36%	+8.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	12.51%	+8.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	16.65%	+10.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.83%	16.65%	+10.18%

QQQD vs. BRKD - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than BRKD's 1.00% expense ratio.

Dividends

QQQD vs. BRKD - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.10%, more than BRKD's 1.91% yield.

Position	TTM	2025	2024
BRKD Direxion Daily BRKB Bear 1X Shares	1.91%	3.50%	0.00%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.10%	4.33%	5.17%

Frequently Asked Questions

Can I hold both QQQD and BRKD in my portfolio?

QQQD and BRKD have a correlation of -0.04, 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 BRKD?

QQQD has higher volatility (7.79%) compared to BRKD (0.00%). In terms of maximum drawdown, QQQD dropped -49.47% vs BRKD's -17.92%.

Which ETF is better, QQQD or BRKD?

On 1-year performance, BRKD leads with 2.41% vs -15.69% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, BRKD has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or BRKD?

Over the 1-year period, BRKD has performed better with a 2.41% return vs -15.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or BRKD?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.00% for BRKD.

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

QQQD has the higher dividend yield at 3.10%, compared with 1.91% for BRKD.

What is the main difference between QQQD and BRKD?

QQQD tracks Indxx Magnificent 7 Index (-100%), while BRKD tracks Berkshire Hathaway Inc. Class B (-100%). Their fees differ too: 0.57% for QQQD and 1.00% for BRKD.

Which has better risk-adjusted returns?

BRKD currently has the higher Sharpe Ratio (0.19 vs -0.74), 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.