QQQD vs. MAGS

Last updated Jun 4, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and MAGS (Roundhill Magnificent Seven ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while MAGS is a Technology Equities fund actively managed by Roundhill. QQQD is passively managed, while MAGS is actively managed. Over the past year, QQQD returned -21.80% vs 31.34% for MAGS. At a correlation of -0.99, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.29%/yr for MAGS.

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.

Returns By Period

In the year-to-date period, QQQD achieves a -2.89% return, which is significantly lower than MAGS's 3.73% return.

QQQD

• 1D: 1.38%
• 1M: -1.88%
• YTD: -2.89%
• 6M: -2.43%
• 1Y: -21.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAGS

• 1D: -1.08%
• 1M: 2.17%
• YTD: 3.73%
• 6M: 3.62%
• 1Y: 31.34%
• 3Y*: 33.71%
• 5Y*: —
• 10Y*: —

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

QQQD vs. MAGS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-2.89%	-20.32%	-27.69%
MAGS Roundhill Magnificent Seven ETF	3.73%	22.99%	41.00%

Correlation

The correlation between QQQD and MAGS is -0.99, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.99
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	-0.99

The correlation between QQQD and MAGS has been stable across timeframes, ranging from -0.99 to -0.99 - a consistent structural relationship.

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: 2
QQQD Sharpe Ratio Rank: 1
QQQD Sortino Ratio Rank: 1
QQQD Omega Ratio Rank: 2
QQQD Calmar Ratio Rank: 2
QQQD Martin Ratio Rank: 3

MAGS

MAGS Risk / Return Rank: 39
MAGS Sharpe Ratio Rank: 44
MAGS Sortino Ratio Rank: 42
MAGS Omega Ratio Rank: 40
MAGS Calmar Ratio Rank: 33
MAGS Martin Ratio Rank: 37

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	-1.08	1.57	-2.65
Sortino ratio: Return per unit of downside risk	-1.55	2.15	-3.70
Omega ratio: Gain probability vs. loss probability	0.83	1.27	-0.43
Calmar ratio: Return relative to maximum drawdown	-0.82	1.69	-2.51
Martin ratio: Return relative to average drawdown	-1.23	5.85	-7.08
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 -1.08, which is lower than the MAGS Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of QQQD and MAGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QQQD	MAGS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	1.57	-2.65
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	1.55	-2.40

Drawdowns

QQQD vs. MAGS - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, 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	-49.47%	-29.91%	-19.56%
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	-18.62%	-8.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-29.91%	—
Current Drawdown Current decline from peak	-47.50%	-3.55%	-43.95%
Average Drawdown Average peak-to-trough decline	-30.34%	-4.70%	-25.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.72%	5.37%	+12.35%

Volatility

QQQD vs. MAGS - Volatility Comparison

Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Roundhill Magnificent Seven ETF (MAGS) have volatilities of 4.76% and 4.80%, 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	4.76%	4.80%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	14.43%	14.31%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	20.21%	20.08%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.77%	25.94%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.77%	25.94%	+0.83%

QQQD vs. MAGS - Expense Ratio Comparison

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

Dividends

QQQD vs. MAGS - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 4.07%, more than MAGS's 1.43% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.43%	1.48%	0.81%	0.44%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	4.07%	4.33%	5.17%	0.00%

Frequently Asked Questions

Can I hold both QQQD and MAGS in my portfolio?

QQQD and MAGS have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQD or MAGS?

MAGS has higher volatility (4.80%) compared to QQQD (4.76%). In terms of maximum drawdown, QQQD dropped -49.47% vs MAGS's -29.91%.

Which ETF is better, QQQD or MAGS?

On 1-year performance, MAGS leads with 31.34% vs -21.80% for QQQD. On fees, MAGS is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or MAGS?

Over the 1-year period, MAGS has performed better with a 31.34% return vs -21.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or MAGS?

MAGS is cheaper with a 0.29% expense ratio, compared with 0.57% for QQQD.

Which ETF pays a higher dividend yield, QQQD or MAGS?

QQQD has the higher dividend yield at 4.07%, compared with 1.43% for MAGS.

What is the main difference between QQQD and MAGS?

QQQD is categorized as Inverse Equities, while MAGS is Technology Equities. They also come from different issuers: Direxion and Roundhill. Their fees differ too: 0.57% for QQQD and 0.29% for MAGS.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (1.57 vs -1.08), 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.