QQQD vs. MYY
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and ProShares Short S&P Mid Cap400 (MYY).
QQQD and MYY 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. MYY is a passively managed fund by ProShares that tracks the performance of the S&P Mid Cap 400 (-100%). It was launched on Jun 19, 2006. Both QQQD and MYY 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. MYY - Performance Comparison
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QQQD vs. MYY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 14.23% | -20.32% | -27.69% |
MYY ProShares Short S&P Mid Cap400 | -1.60% | -4.05% | -1.75% |
Returns By Period
In the year-to-date period, QQQD achieves a 14.23% return, which is significantly higher than MYY's -1.60% return.
QQQD
- 1D
- -4.53%
- 1M
- 5.87%
- YTD
- 14.23%
- 6M
- 11.20%
- 1Y
- -23.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MYY
- 1D
- -2.74%
- 1M
- 5.76%
- YTD
- -1.60%
- 6M
- -2.06%
- 1Y
- -12.33%
- 3Y*
- -6.45%
- 5Y*
- -4.73%
- 10Y*
- -10.56%
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QQQD vs. MYY - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than MYY's 0.95% expense ratio.
Return for Risk
QQQD vs. MYY — Risk / Return Rank
QQQD
MYY
QQQD vs. MYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and ProShares Short S&P Mid Cap400 (MYY). 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 | MYY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.82 | -0.59 | -0.23 |
Sortino ratioReturn per unit of downside risk | -1.02 | -0.71 | -0.31 |
Omega ratioGain probability vs. loss probability | 0.86 | 0.91 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.45 | -0.09 |
Martin ratioReturn relative to average drawdown | -0.68 | -0.62 | -0.07 |
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 | MYY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.82 | -0.59 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.50 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | -0.51 | -0.16 |
Correlation
The correlation between QQQD and MYY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QQQD vs. MYY - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.46%, less than MYY's 4.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.46% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MYY ProShares Short S&P Mid Cap400 | 4.02% | 4.20% | 4.92% | 5.08% | 0.40% | 0.00% | 0.05% | 1.52% | 0.34% |
Drawdowns
QQQD vs. MYY - Drawdown Comparison
The maximum QQQD drawdown since its inception was -47.84%, smaller than the maximum MYY drawdown of -94.89%. Use the drawdown chart below to compare losses from any high point for QQQD and MYY.
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Drawdown Indicators
| QQQD | MYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.84% | -94.89% | +47.05% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -27.61% | -14.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.14% | — |
Current DrawdownCurrent decline from peak | -38.24% | -94.55% | +56.31% |
Average DrawdownAverage peak-to-trough decline | -29.01% | -71.95% | +42.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.41% | 20.28% | +13.13% |
Volatility
QQQD vs. MYY - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.58% compared to ProShares Short S&P Mid Cap400 (MYY) at 6.47%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than MYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | MYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | 6.47% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.43% | 11.92% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.47% | 21.04% | +7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.33% | 19.62% | +7.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 21.23% | +6.10% |