QQQD vs. METD

Last updated Aug 2, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and METD (Direxion Daily META Bear 1X ETF) are both Inverse Equities funds from Direxion. QQQD is passively managed, while METD is actively managed. Over the past year, QQQD returned -14.09% vs 24.41% for METD. Their 0.70 correlation means they have sometimes moved together and sometimes differently. QQQD charges 0.57%/yr vs 1.00%/yr for METD.

Performance

QQQD vs. METD - Performance Comparison

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

Returns By Period

In the year-to-date period, QQQD achieves a 0.46% return, which is significantly lower than METD's 10.02% return.

QQQD

• 1D: -3.23%
• 1M: -1.45%
• 6M: 0.57%
• YTD: 0.46%
• 1Y: -14.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -20.41%

METD

• 1D: -3.30%
• 1M: 3.04%
• 6M: 20.93%
• YTD: 10.02%
• 1Y: 24.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.68%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
METD Direxion Daily META Bear 1X ETF	$10.85M	$12.45M	$7.88M
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	$1.12M	$1.26M	$1.70M

QQQD vs. METD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	0.46%	-20.32%	-22.77%
METD Direxion Daily META Bear 1X ETF	10.02%	-17.33%	-15.84%

Correlation

The correlation between QQQD and METD is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.72
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.70

The correlation between QQQD and METD has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

Return for Risk

QQQD vs. METD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QQQD

QQQD Risk / Return Rank: 5
QQQD Sharpe Ratio Rank: 5
QQQD Sortino Ratio Rank: 5
QQQD Omega Ratio Rank: 5
QQQD Calmar Ratio Rank: 5
QQQD Martin Ratio Rank: 5

METD

METD Risk / Return Rank: 32
METD Sharpe Ratio Rank: 31
METD Sortino Ratio Rank: 33
METD Omega Ratio Rank: 35
METD Calmar Ratio Rank: 32
METD Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QQQD vs. METD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily META Bear 1X ETF (METD). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	QQQD	METD	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	0.74	-1.24
Sortino ratio: Return per unit of downside risk	-0.60	1.24	-1.85
Omega ratio: Gain probability vs. loss probability	0.93	1.17	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.51	1.09	-1.61
Martin ratio: Return relative to average drawdown	-0.85	2.50	-3.35

QQQD vs. METD - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.50, which is lower than the METD Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of QQQD and METD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQD vs. METD - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, which is greater than METD's maximum drawdown of -46.03%. Use the drawdown chart below to compare losses from any high point for QQQD and METD.

Drawdown Indicators

	QQQD	METD	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-46.03%	-3.44%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-26.03%	+4.09%
Current Drawdown Current decline from peak	-45.68%	-29.29%	-16.39%
Average Drawdown Average peak-to-trough decline	-31.27%	-28.87%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.19%	11.39%	+1.80%

Volatility

QQQD vs. METD - Volatility Comparison

The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 8.15%, while Direxion Daily META Bear 1X ETF (METD) has a volatility of 15.23%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than METD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	METD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.15%	15.23%	-7.08%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	30.46%	-12.89%
Volatility (1Y) Calculated over the trailing 1-year period	22.50%	40.18%	-17.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.94%	37.75%	-10.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.94%	37.75%	-10.81%

QQQD vs. METD - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than METD's 1.00% expense ratio.

Dividends

QQQD vs. METD - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.06%, more than METD's 2.51% yield.

Position	TTM	2025	2024
METD Direxion Daily META Bear 1X ETF	2.51%	3.35%	2.30%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.06%	4.33%	5.17%

Frequently Asked Questions

Can I hold both QQQD and METD in my portfolio?

QQQD and METD have a correlation of 0.72, 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 METD?

METD has higher volatility (15.23%) compared to QQQD (8.15%). In terms of maximum drawdown, QQQD dropped -49.47% vs METD's -46.03%.

Which ETF is better, QQQD or METD?

On 1-year performance, METD leads with 24.41% vs -14.09% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or METD?

Over the 1-year period, METD has performed better with a 24.41% return vs -14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or METD?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.00% for METD.

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

QQQD has the higher dividend yield at 3.06%, compared with 2.51% for METD.

What is the main difference between QQQD and METD?

Their fees differ too: 0.57% for QQQD and 1.00% for METD.

Which has better risk-adjusted returns?

METD currently has the higher Sharpe Ratio (0.74 vs -0.50), 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.