QQQD vs. DOG
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and DOG (ProShares Short Dow30) are both Inverse Equities funds - QQQD tracks the Indxx Magnificent 7 Index (-100%) while DOG tracks the DJ Industrial Average (-100%). Both are passively managed. Over the past year, QQQD returned -14.09% vs -13.86% for DOG. Their 0.50 correlation means their historical movements had little consistent relationship. QQQD charges 0.57%/yr vs 0.95%/yr for DOG.
Performance
QQQD vs. DOG - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a 0.46% return, which is significantly higher than DOG's -6.75% return.
QQQD
- 1D
- -3.23%
- 1M
- -1.45%
- 6M
- 0.57%
- YTD
- 0.46%
- 1Y
- -14.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.41%
DOG
- 1D
- -0.51%
- 1M
- 1.03%
- 6M
- -5.42%
- YTD
- -6.75%
- 1Y
- -13.86%
- 3Y*
- -7.85%
- 5Y*
- -5.65%
- 10Y*
- -11.12%
- ALL TIME*
- -10.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.27M | $36.96M | $41.35M | |
| $1.12M | $1.26M | $1.70M |
QQQD vs. DOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 0.46% | -20.32% | -27.75% |
DOG ProShares Short Dow30 | -6.75% | -8.40% | -4.36% |
Correlation
The correlation between QQQD and DOG is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.50 |
The correlation between QQQD and DOG has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
QQQD vs. DOG — Risk / Return Rank
QQQD
DOG
QQQD vs. DOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and ProShares Short Dow30 (DOG). 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 | DOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.85 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.85 | +0.33 |
| Martin ratioReturn relative to average drawdown | -0.85 | -1.48 | +0.63 |
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Drawdowns
QQQD vs. DOG - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum DOG drawdown of -92.90%. Use the drawdown chart below to compare losses from any high point for QQQD and DOG.
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Drawdown Indicators
| QQQD | DOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -92.90% | +43.43% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -15.02% | -6.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.07% | — |
Current DrawdownCurrent decline from peak | -45.68% | -92.81% | +47.13% |
Average DrawdownAverage peak-to-trough decline | -31.27% | -66.59% | +35.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 8.60% | +4.59% |
Volatility
QQQD vs. DOG - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.15% compared to ProShares Short Dow30 (DOG) at 3.74%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than DOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | DOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 3.74% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 9.94% | +7.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.50% | 12.59% | +9.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.94% | 14.83% | +12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 17.49% | +9.45% |
QQQD vs. DOG - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than DOG's 0.95% expense ratio.
Dividends
QQQD vs. DOG - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.06%, less than DOG's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DOG ProShares Short Dow30 | 3.38% | 3.65% | 5.72% | 4.54% | 0.41% | 0.00% | 0.14% | 1.54% | 0.86% | 0.04% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.06% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQD and DOG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (8.15%) compared to DOG (3.74%). In terms of maximum drawdown, QQQD dropped -49.47% vs DOG's -92.90%.
On 1-year performance, DOG leads with -13.86% vs -14.09% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, DOG has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DOG has performed better with a -13.86% return vs -14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.95% for DOG.
DOG has the higher dividend yield at 3.38%, compared with 3.06% for QQQD.
QQQD tracks Indxx Magnificent 7 Index (-100%), while DOG tracks DJ Industrial Average (-100%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.57% for QQQD and 0.95% for DOG.
QQQD currently has the higher Sharpe Ratio (-0.50 vs -1.01), 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.
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