QQQD vs. GDXD
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD).
QQQD and GDXD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. GDXD is a passively managed fund by BMO that tracks the performance of the S-Network MicroSectors Gold Miners Index - Benchmark TR Gross (-300%). It was launched on Dec 2, 2020. Both QQQD and GDXD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQQD vs. GDXD - Performance Comparison
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QQQD vs. GDXD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 12.68% | -20.32% | -27.69% |
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | -57.98% | -97.53% | -59.48% |
Returns By Period
In the year-to-date period, QQQD achieves a 12.68% return, which is significantly higher than GDXD's -57.98% return.
QQQD
- 1D
- -1.36%
- 1M
- 4.66%
- YTD
- 12.68%
- 6M
- 10.30%
- 1Y
- -22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXD
- 1D
- -13.65%
- 1M
- 43.26%
- YTD
- -57.98%
- 6M
- -78.84%
- 1Y
- -97.19%
- 3Y*
- -84.82%
- 5Y*
- -76.20%
- 10Y*
- —
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QQQD vs. GDXD - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than GDXD's 0.95% expense ratio.
Return for Risk
QQQD vs. GDXD — Risk / Return Rank
QQQD
GDXD
QQQD vs. GDXD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD). 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.
| QQQD | GDXD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | -0.70 | -0.11 |
Sortino ratioReturn per unit of downside risk | -1.00 | -2.67 | +1.66 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.72 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.99 | +0.41 |
Martin ratioReturn relative to average drawdown | -0.73 | -1.20 | +0.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQD | GDXD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | -0.70 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | -0.69 | 0.00 |
Correlation
The correlation between QQQD and GDXD is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QQQD vs. GDXD - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.51%, while GDXD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.51% | 4.33% | 5.17% |
GDXD MicroSectors Gold Miners -3X Inverse Leveraged ETNs | 0.00% | 0.00% | 0.00% |
Drawdowns
QQQD vs. GDXD - Drawdown Comparison
The maximum QQQD drawdown since its inception was -47.84%, smaller than the maximum GDXD drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for QQQD and GDXD.
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Drawdown Indicators
| QQQD | GDXD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.84% | -99.96% | +52.12% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -98.51% | +56.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.96% | — |
Current DrawdownCurrent decline from peak | -39.07% | -99.94% | +60.87% |
Average DrawdownAverage peak-to-trough decline | -29.03% | -70.95% | +41.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 80.88% | -47.41% |
Volatility
QQQD vs. GDXD - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 8.73%, while MicroSectors Gold Miners -3X Inverse Leveraged ETNs (GDXD) has a volatility of 52.55%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than GDXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | GDXD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 52.55% | -43.82% |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | 111.65% | -96.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.49% | 138.77% | -110.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 108.19% | -80.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 108.33% | -81.01% |