QQQD vs. MGK
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and MGK (Vanguard Mega Cap Growth ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while MGK is a Large Cap Growth Equities fund tracking the CRSP US Mega Cap Growth Index. Both are passively managed. Over the past year, QQQD returned -21.80% vs 30.01% for MGK. At a correlation of -0.92, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.05%/yr for MGK.
Performance
QQQD vs. MGK - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a -2.89% return, which is significantly lower than MGK's 10.01% return.
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MGK
- 1D
- -1.13%
- 1M
- 7.26%
- YTD
- 10.01%
- 6M
- 9.45%
- 1Y
- 30.01%
- 3Y*
- 26.77%
- 5Y*
- 16.25%
- 10Y*
- 19.24%
QQQD vs. MGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -20.32% | -27.69% |
MGK Vanguard Mega Cap Growth ETF | 10.01% | 20.67% | 20.71% |
Correlation
The correlation between QQQD and MGK is -0.90, 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 | -0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | -0.92 |
The correlation between QQQD and MGK has been stable across timeframes, ranging from -0.92 to -0.90 - a consistent structural relationship.
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Return for Risk
QQQD vs. MGK — Risk / Return Rank
QQQD
MGK
QQQD vs. MGK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Vanguard Mega Cap Growth ETF (MGK). 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 | MGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.32 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.79 | -2.61 |
| Martin ratioReturn relative to average drawdown | -1.23 | 6.15 | -7.39 |
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 | MGK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 1.86 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.66 | -1.51 |
Drawdowns
QQQD vs. MGK - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, roughly equal to the maximum MGK drawdown of -47.97%. Use the drawdown chart below to compare losses from any high point for QQQD and MGK.
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Drawdown Indicators
| QQQD | MGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -47.97% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -16.85% | -9.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.01% | — |
Current DrawdownCurrent decline from peak | -47.50% | -1.43% | -46.07% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -7.47% | -22.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.72% | 4.89% | +12.83% |
Volatility
QQQD vs. MGK - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 4.76% compared to Vanguard Mega Cap Growth ETF (MGK) at 4.01%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than MGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | MGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.01% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 12.37% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.21% | 16.23% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 22.63% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 21.88% | +4.89% |
QQQD vs. MGK - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than MGK's 0.05% expense ratio.
Dividends
QQQD vs. MGK - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 4.07%, more than MGK's 0.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGK Vanguard Mega Cap Growth ETF | 0.32% | 0.35% | 0.43% | 0.50% | 0.70% | 0.41% | 0.65% | 0.85% | 1.12% | 1.23% | 1.53% | 1.43% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.07% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QQQD and MGK have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (4.76%) compared to MGK (4.01%). In terms of maximum drawdown, QQQD dropped -49.47% vs MGK's -47.97%.
On 1-year performance, MGK leads with 30.01% vs -21.80% for QQQD. On fees, MGK is cheaper at 0.05% per year. On volatility, MGK has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MGK has performed better with a 30.01% return vs -21.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGK is cheaper with a 0.05% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 4.07%, compared with 0.32% for MGK.
QQQD is categorized as Inverse Equities, while MGK is Large Cap Growth Equities. QQQD tracks Indxx Magnificent 7 Index (-100%), while MGK tracks CRSP US Mega Cap Growth Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 0.57% for QQQD and 0.05% for MGK.
MGK currently has the higher Sharpe Ratio (1.86 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.
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