QQQD vs. MAGS

Last updated Apr 2, 2026

Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Roundhill Magnificent Seven ETF (MAGS).

QQQD and MAGS 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. MAGS is an actively managed fund by Roundhill. It was launched on Apr 10, 2023.

Performance

QQQD vs. MAGS - Performance Comparison

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

QQQD vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	12.68%	-20.32%	-27.69%
MAGS Roundhill Magnificent Seven ETF	-11.04%	22.99%	41.00%

Returns By Period

In the year-to-date period, QQQD achieves a 12.68% return, which is significantly higher than MAGS's -11.04% return.

QQQD

• 1D: -1.36%
• 1M: 4.66%
• YTD: 12.68%
• 6M: 10.30%
• 1Y: -22.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGS

• 1D: 1.28%
• 1M: -4.76%
• YTD: -11.04%
• 6M: -8.69%
• 1Y: 27.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. MAGS - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is higher than MAGS's 0.29% expense ratio.

QQQD

Direxion Daily Magnificent 7 Bear 1X Shares

MAGS

Roundhill Magnificent Seven ETF

Return for Risk

QQQD vs. MAGS — 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: 1
QQQD Sortino Ratio Rank: 2
QQQD Omega Ratio Rank: 1
QQQD Calmar Ratio Rank: 3
QQQD Martin Ratio Rank: 6

MAGS

MAGS Risk / Return Rank: 56
MAGS Sharpe Ratio Rank: 51
MAGS Sortino Ratio Rank: 59
MAGS Omega Ratio Rank: 54
MAGS Calmar Ratio Rank: 61
MAGS Martin Ratio Rank: 55

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. MAGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Roundhill Magnificent Seven ETF (MAGS). 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	MAGS	Difference
Sharpe ratio Return per unit of total volatility	-0.81	0.97	-1.78
Sortino ratio Return per unit of downside risk	-1.00	1.58	-2.58
Omega ratio Gain probability vs. loss probability	0.86	1.21	-0.35
Calmar ratio Return relative to maximum drawdown	-0.58	1.60	-2.18
Martin ratio Return relative to average drawdown	-0.73	5.57	-6.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QQQD vs. MAGS - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.81, which is lower than the MAGS Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of QQQD and MAGS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QQQD	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.81	0.97	-1.78
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	1.36	-2.05

Correlation

The correlation between QQQD and MAGS is -0.99. 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. MAGS - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.51%, more than MAGS's 1.66% yield.

	TTM	2025	2024	2023
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.51%	4.33%	5.17%	0.00%
MAGS Roundhill Magnificent Seven ETF	1.66%	1.48%	0.81%	0.44%

Drawdowns

QQQD vs. MAGS - Drawdown Comparison

The maximum QQQD drawdown since its inception was -47.84%, which is greater than MAGS's maximum drawdown of -29.91%. Use the drawdown chart below to compare losses from any high point for QQQD and MAGS.

Drawdown Indicators

	QQQD	MAGS	Difference
Max Drawdown Largest peak-to-trough decline	-47.84%	-29.91%	-17.93%
Max Drawdown (1Y) Largest decline over 1 year	-42.27%	-18.62%	-23.65%
Current Drawdown Current decline from peak	-39.07%	-13.78%	-25.29%
Average Drawdown Average peak-to-trough decline	-29.03%	-4.77%	-24.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.47%	5.36%	+28.11%

Volatility

QQQD vs. MAGS - Volatility Comparison

Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 8.73% and 8.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	MAGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.73%	8.50%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	15.49%	15.51%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	28.49%	28.70%	-0.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	26.28%	+1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	26.28%	+1.04%