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 -22.69% vs 29.74% 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 -4.06% return, which is significantly lower than OEF's 9.86% return.
QQQD
- 1D
- -1.20%
- 1M
- -2.83%
- YTD
- -4.06%
- 6M
- -3.12%
- 1Y
- -22.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OEF
- 1D
- 0.32%
- 1M
- 4.92%
- YTD
- 9.86%
- 6M
- 9.63%
- 1Y
- 29.74%
- 3Y*
- 24.73%
- 5Y*
- 15.77%
- 10Y*
- 16.70%
QQQD vs. OEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -4.06% | -20.32% | -27.69% |
OEF iShares S&P 100 ETF | 9.86% | 19.80% | 19.80% |
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 8, 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.
| QQQD | OEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.47 | ||
| Sortino ratioReturn per unit of downside risk | -4.79 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.42 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.70 | -3.56 |
| Martin ratioReturn relative to average drawdown | -1.28 | 11.37 | -12.65 |
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 | OEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.12 | 2.35 | -3.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.90 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.87 | 0.45 | -1.32 |
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 | -26.65% | -11.06% | -15.59% |
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 | -48.13% | -0.63% | -47.50% |
Average DrawdownAverage peak-to-trough decline | -30.37% | -11.76% | -18.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.79% | 2.62% | +15.17% |
Volatility
QQQD vs. OEF - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 4.88% compared to iShares S&P 100 ETF (OEF) at 3.09%. 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 | 4.88% | 3.09% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 9.48% | +4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 12.72% | +7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.76% | 17.69% | +9.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 18.44% | +8.32% |
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 4.12%, more than OEF's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEF iShares S&P 100 ETF | 0.83% | 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 | 4.12% | 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 (4.88%) compared to OEF (3.09%). In terms of maximum drawdown, QQQD dropped -49.47% vs OEF's -54.11%.
On 1-year performance, OEF leads with 29.74% vs -22.69% for QQQD. On fees, OEF is cheaper at 0.20% per year. On volatility, OEF has been the lower-risk option at 3.09%. 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 29.74% return vs -22.69%. 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 4.12%, compared with 0.83% 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 (2.35 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.
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