QQQD vs. OEF
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and OEF (iShares S&P 100 ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while OEF is a Large Cap Blend Equities fund tracking the S&P 100 Index. Both are passively managed. Over the past year, QQQD returned -15.69% vs 21.43% for OEF. At a correlation of -0.88, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.20%/yr for OEF.
Performance
QQQD vs. OEF - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a -0.87% return, which is significantly lower than OEF's 8.23% return.
QQQD
- 1D
- 1.07%
- 1M
- -3.17%
- 6M
- -0.37%
- YTD
- -0.87%
- 1Y
- -15.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OEF
- 1D
- -0.78%
- 1M
- 1.58%
- 6M
- 7.11%
- YTD
- 8.23%
- 1Y
- 21.43%
- 3Y*
- 22.03%
- 5Y*
- 14.20%
- 10Y*
- 16.21%
QQQD vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -0.87% | -20.32% | -27.75% |
OEF iShares S&P 100 ETF | 8.23% | 19.80% | 21.04% |
Correlation
The correlation between QQQD and OEF is -0.88, 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 | -0.88 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.88 |
The correlation between QQQD and OEF has been stable across timeframes, ranging from -0.88 to -0.88 - a consistent structural relationship.
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Return for Risk
QQQD vs. OEF — Risk / Return Rank
QQQD
OEF
QQQD vs. OEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and iShares S&P 100 ETF (OEF). 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 | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.29 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.95 | -2.66 |
| Martin ratioReturn relative to average drawdown | -1.22 | 7.59 | -8.80 |
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Drawdowns
QQQD vs. OEF - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum OEF drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for QQQD and OEF.
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Drawdown Indicators
| QQQD | OEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -54.11% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -11.06% | -10.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.44% | — |
Current DrawdownCurrent decline from peak | -46.40% | -2.10% | -44.30% |
Average DrawdownAverage peak-to-trough decline | -30.94% | -11.72% | -19.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 2.83% | +10.12% |
Volatility
QQQD vs. OEF - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 7.79% compared to iShares S&P 100 ETF (OEF) at 4.31%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than OEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | OEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 4.31% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.58% | 10.70% | +5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.37% | 13.45% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.83% | 17.83% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.83% | 18.46% | +8.37% |
QQQD vs. OEF - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than OEF's 0.20% expense ratio.
Dividends
QQQD vs. OEF - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.10%, more than OEF's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 0.87% | 0.81% | 1.03% | 1.19% | 1.55% | 1.06% | 1.43% | 1.87% | 2.09% | 1.81% | 2.07% | 2.11% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.10% | 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 OEF have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (7.79%) compared to OEF (4.31%). In terms of maximum drawdown, QQQD dropped -49.47% vs OEF's -54.11%.
On 1-year performance, OEF leads with 21.43% vs -15.69% for QQQD. On fees, OEF is cheaper at 0.20% per year. On volatility, OEF has been the lower-risk option at 4.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, OEF has performed better with a 21.43% return vs -15.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OEF is cheaper with a 0.20% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 3.10%, compared with 0.87% for OEF.
QQQD is categorized as Inverse Equities, while OEF is Large Cap Blend Equities. QQQD tracks Indxx Magnificent 7 Index (-100%), while OEF tracks S&P 100 Index. They also come from different issuers: Direxion and iShares. Their fees differ too: 0.57% for QQQD and 0.20% for OEF.
OEF currently has the higher Sharpe Ratio (1.60 vs -0.74), 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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