QQQD vs. IWY
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and iShares Russell Top 200 Growth ETF (IWY).
QQQD and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both QQQD and IWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQD or IWY.
Correlation
The correlation between QQQD and IWY is -0.92. 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. IWY - Performance Comparison
Key characteristics
QQQD:
24.62%
IWY:
18.45%
QQQD:
-36.25%
IWY:
-32.68%
QQQD:
-30.93%
IWY:
-3.34%
Returns By Period
In the year-to-date period, QQQD achieves a 1.79% return, which is significantly higher than IWY's 0.43% return.
QQQD
1.79%
5.57%
-15.08%
N/A
N/A
N/A
IWY
0.43%
-2.89%
9.77%
23.56%
19.75%
17.40%
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QQQD vs. IWY - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than IWY's 0.20% expense ratio.
Risk-Adjusted Performance
QQQD vs. IWY — Risk-Adjusted Performance Rank
QQQD
IWY
QQQD vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and iShares Russell Top 200 Growth ETF (IWY). 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.
Not enough dataDividends
QQQD vs. IWY - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.08%, more than IWY's 0.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.08% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWY iShares Russell Top 200 Growth ETF | 0.42% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% |
Drawdowns
QQQD vs. IWY - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for QQQD and IWY. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. IWY - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 6.54% compared to iShares Russell Top 200 Growth ETF (IWY) at 5.39%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.