QQQD vs. NVDU

Last updated Jun 5, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and NVDU (Direxion Daily NVDA Bull 2X Shares ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while NVDU is a Leveraged Equities fund actively managed by Direxion. QQQD is passively managed, while NVDU is actively managed. Over the past year, QQQD returned -22.69% vs 90.38% for NVDU. At a correlation of -0.69, they often move in opposite directions. QQQD charges 0.57%/yr vs 1.04%/yr for NVDU.

Performance

QQQD vs. NVDU - 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 NVDA Bull 2X Shares ETF (NVDU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQD achieves a -4.06% return, which is significantly lower than NVDU's 24.68% return.

QQQD

• 1D: -1.20%
• 1M: -2.83%
• YTD: -4.06%
• 6M: -3.12%
• 1Y: -22.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDU

• 1D: 3.97%
• 1M: 21.27%
• YTD: 24.68%
• 6M: 26.89%
• 1Y: 90.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. NVDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-4.06%	-20.32%	-27.69%
NVDU Direxion Daily NVDA Bull 2X Shares ETF	24.68%	33.65%	56.63%

Correlation

The correlation between QQQD and NVDU is -0.66, 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	-0.66
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	-0.69

The correlation between QQQD and NVDU has been stable across timeframes, ranging from -0.69 to -0.66 - a consistent structural relationship.

Return for Risk

QQQD vs. NVDU — 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

NVDU

NVDU Risk / Return Rank: 38
NVDU Sharpe Ratio Rank: 39
NVDU Sortino Ratio Rank: 39
NVDU Omega Ratio Rank: 36
NVDU Calmar Ratio Rank: 44
NVDU Martin Ratio Rank: 33

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. NVDU - 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 NVDA Bull 2X Shares ETF (NVDU). 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	NVDU	Difference
Sharpe ratio: Return per unit of total volatility	-1.12	1.34	-2.46
Sortino ratio: Return per unit of downside risk	-1.62	1.96	-3.57
Omega ratio: Gain probability vs. loss probability	0.83	1.23	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.85	2.15	-3.00
Martin ratio: Return relative to average drawdown	-1.28	4.90	-6.18
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. NVDU - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -1.12, which is lower than the NVDU Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QQQD and NVDU, 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	NVDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.12	1.34	-2.46
Sharpe Ratio (All Time) Calculated using the full available price history	-0.87	1.17	-2.04

Drawdowns

QQQD vs. NVDU - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum NVDU drawdown of -67.27%. Use the drawdown chart below to compare losses from any high point for QQQD and NVDU.

Drawdown Indicators

	QQQD	NVDU	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-67.27%	+17.80%
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	-42.27%	+15.62%
Current Drawdown Current decline from peak	-48.13%	-15.08%	-33.05%
Average Drawdown Average peak-to-trough decline	-30.37%	-18.83%	-11.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.79%	18.50%	-0.71%

Volatility

QQQD vs. NVDU - Volatility Comparison

The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 4.88%, while Direxion Daily NVDA Bull 2X Shares ETF (NVDU) has a volatility of 24.76%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than NVDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	NVDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.88%	24.76%	-19.88%
Volatility (6M) Calculated over the trailing 6-month period	14.46%	50.62%	-36.16%
Volatility (1Y) Calculated over the trailing 1-year period	20.24%	67.91%	-47.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.76%	91.02%	-64.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.76%	91.02%	-64.26%

QQQD vs. NVDU - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than NVDU's 1.04% expense ratio.

Dividends

QQQD vs. NVDU - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 4.12%, less than NVDU's 4.65% yield.

Position	TTM	2025	2024	2023
NVDU Direxion Daily NVDA Bull 2X Shares ETF	4.65%	5.68%	16.85%	0.63%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	4.12%	4.33%	5.17%	0.00%

Frequently Asked Questions

Can I hold both QQQD and NVDU in my portfolio?

QQQD and NVDU have a correlation of -0.66, 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 NVDU?

NVDU has higher volatility (24.76%) compared to QQQD (4.88%). In terms of maximum drawdown, QQQD dropped -49.47% vs NVDU's -67.27%.

Which ETF is better, QQQD or NVDU?

On 1-year performance, NVDU leads with 90.38% vs -22.69% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 4.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or NVDU?

Over the 1-year period, NVDU has performed better with a 90.38% return vs -22.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or NVDU?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.04% for NVDU.

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

NVDU has the higher dividend yield at 4.65%, compared with 4.12% for QQQD.

What is the main difference between QQQD and NVDU?

QQQD is categorized as Inverse Equities, while NVDU is Leveraged Equities. Their fees differ too: 0.57% for QQQD and 1.04% for NVDU.

Which has better risk-adjusted returns?

NVDU currently has the higher Sharpe Ratio (1.34 vs -1.12), 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.