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.
Performance
QQQD vs. IWY - Performance Comparison
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QQQD vs. IWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 12.68% | -20.32% | -27.69% |
IWY iShares Russell Top 200 Growth ETF | -9.30% | 18.19% | 21.97% |
Returns By Period
In the year-to-date period, QQQD achieves a 12.68% return, which is significantly higher than IWY's -9.30% return.
QQQD
- 1D
- -1.36%
- 1M
- 4.66%
- YTD
- 12.68%
- 6M
- 10.30%
- 1Y
- -22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWY
- 1D
- 0.87%
- 1M
- -4.60%
- YTD
- -9.30%
- 6M
- -8.67%
- 1Y
- 18.58%
- 3Y*
- 22.41%
- 5Y*
- 13.61%
- 10Y*
- 17.59%
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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.
Return for Risk
QQQD vs. IWY — Risk / Return Rank
QQQD
IWY
QQQD vs. IWY - Risk-Adjusted Trends 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.
| QQQD | IWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | 0.84 | -1.65 |
Sortino ratioReturn per unit of downside risk | -1.00 | 1.35 | -2.35 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.17 | -1.74 |
Martin ratioReturn relative to average drawdown | -0.73 | 3.89 | -4.62 |
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 | IWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 0.84 | -1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 0.87 | -1.56 |
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.
Dividends
QQQD vs. IWY - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.51%, more than IWY's 0.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.51% | 4.33% | 5.17% | 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 | 0.39% | 0.36% | 0.42% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% |
Drawdowns
QQQD vs. IWY - Drawdown Comparison
The maximum QQQD drawdown since its inception was -47.84%, 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.
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Drawdown Indicators
| QQQD | IWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.84% | -32.68% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -16.63% | -25.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.68% | — |
Current DrawdownCurrent decline from peak | -39.07% | -12.77% | -26.30% |
Average DrawdownAverage peak-to-trough decline | -29.03% | -4.77% | -24.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 4.99% | +28.48% |
Volatility
QQQD vs. IWY - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.73% compared to iShares Russell Top 200 Growth ETF (IWY) at 6.70%. 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.
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Volatility by Period
| QQQD | IWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 6.70% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | 12.40% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.49% | 22.29% | +6.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 21.49% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 20.92% | +6.40% |