QQQD vs. ORCS

Last updated Jul 14, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and ORCS (Direxion Daily ORCL Bear 1X ETF) are both Inverse Equities funds from Direxion. QQQD is passively managed, while ORCS is actively managed. At a 0.48 correlation, their price movements are largely independent. QQQD charges 0.57%/yr vs 0.97%/yr for ORCS.

Performance

QQQD vs. ORCS - 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 ORCL Bear 1X ETF (ORCS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQD achieves a -0.87% return, which is significantly lower than ORCS's 25.50% return.

QQQD

• 1D: 1.07%
• 1M: -3.17%
• 6M: -0.37%
• YTD: -0.87%
• 1Y: -15.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ORCS

• 1D: 6.26%
• 1M: 37.01%
• 6M: 32.40%
• YTD: 25.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. ORCS - Yearly Performance Comparison

	2026 (YTD)	2025
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-0.87%	-4.57%
ORCS Direxion Daily ORCL Bear 1X ETF	25.50%	11.07%

Correlation

The correlation between QQQD and ORCS is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.48

Return for Risk

QQQD vs. ORCS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQD

QQQD Risk / Return Rank: 3
QQQD Sharpe Ratio Rank: 3
QQQD Sortino Ratio Rank: 3
QQQD Omega Ratio Rank: 4
QQQD Calmar Ratio Rank: 3
QQQD Martin Ratio Rank: 3

ORCS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ORCS - 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 ORCL Bear 1X ETF (ORCS). 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	ORCS	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	—	—
Sortino ratio: Return per unit of downside risk	-0.98	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.72	—	—
Martin ratio: Return relative to average drawdown	-1.22	—	—

Drawdowns

QQQD vs. ORCS - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, roughly equal to the maximum ORCS drawdown of -50.25%. Use the drawdown chart below to compare losses from any high point for QQQD and ORCS.

Drawdown Indicators

	QQQD	ORCS	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-50.25%	+0.78%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	—	—
Current Drawdown Current decline from peak	-46.40%	-10.21%	-36.19%
Average Drawdown Average peak-to-trough decline	-30.94%	-16.41%	-14.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	—	—

Volatility

Volatility by Period

	QQQD	ORCS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	59.82%	-38.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	59.82%	-32.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.83%	59.82%	-32.99%

QQQD vs. ORCS - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than ORCS's 0.97% expense ratio.

Dividends

QQQD vs. ORCS - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.10%, more than ORCS's 1.14% yield.

Position	TTM	2025	2024
ORCS Direxion Daily ORCL Bear 1X ETF	1.14%	0.26%	0.00%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.10%	4.33%	5.17%

Frequently Asked Questions

Can I hold both QQQD and ORCS in my portfolio?

QQQD and ORCS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQD or ORCS?

On fees, QQQD is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQD or ORCS?

QQQD is cheaper with a 0.57% expense ratio, compared with 0.97% for ORCS.

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

QQQD has the higher dividend yield at 3.10%, compared with 1.14% for ORCS.

What is the main difference between QQQD and ORCS?

Their fees differ too: 0.57% for QQQD and 0.97% for ORCS.