QQQD vs. QDVO

Last updated Jul 14, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and QDVO (Amplify CWP Growth & Income ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while QDVO is a Derivative Income fund actively managed by Amplify. QQQD is passively managed, while QDVO is actively managed. Over the past year, QQQD returned -15.69% vs 19.89% for QDVO. At a correlation of -0.86, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.56%/yr for QDVO.

Performance

QQQD vs. QDVO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Amplify CWP Growth & Income ETF (QDVO). 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 QDVO's 8.19% return.

QQQD

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

QDVO

• 1D: -1.03%
• 1M: 1.13%
• 6M: 7.45%
• YTD: 8.19%
• 1Y: 19.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. QDVO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-0.87%	-20.32%	-15.95%
QDVO Amplify CWP Growth & Income ETF	8.19%	20.16%	9.76%

Correlation

The correlation between QQQD and QDVO is -0.86, 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	-0.86
Correlation (All Time) Calculated using the full available price history since Aug 22, 2024	-0.86

The correlation between QQQD and QDVO has been stable across timeframes, ranging from -0.86 to -0.86 - a consistent structural relationship.

Return for Risk

QQQD vs. QDVO — 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

QDVO

QDVO Risk / Return Rank: 55
QDVO Sharpe Ratio Rank: 58
QDVO Sortino Ratio Rank: 58
QDVO Omega Ratio Rank: 56
QDVO Calmar Ratio Rank: 49
QDVO Martin Ratio Rank: 54

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. QDVO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Amplify CWP Growth & Income ETF (QDVO). 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	QDVO	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	1.56	-2.30
Sortino ratio: Return per unit of downside risk	-0.98	2.19	-3.17
Omega ratio: Gain probability vs. loss probability	0.89	1.28	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.72	1.96	-2.67
Martin ratio: Return relative to average drawdown	-1.22	7.31	-8.52

QQQD vs. QDVO - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.74, which is lower than the QDVO Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of QQQD and QDVO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QQQD vs. QDVO - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, which is greater than QDVO's maximum drawdown of -17.75%. Use the drawdown chart below to compare losses from any high point for QQQD and QDVO.

Drawdown Indicators

	QQQD	QDVO	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-17.75%	-31.72%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-10.21%	-11.73%
Current Drawdown Current decline from peak	-46.40%	-2.39%	-44.01%
Average Drawdown Average peak-to-trough decline	-30.94%	-2.43%	-28.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	2.73%	+10.22%

Volatility

QQQD vs. QDVO - Volatility Comparison

Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 7.79% compared to Amplify CWP Growth & Income ETF (QDVO) at 4.36%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than QDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	QDVO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	4.36%	+3.43%
Volatility (6M) Calculated over the trailing 6-month period	16.58%	9.94%	+6.64%
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	12.84%	+8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	17.44%	+9.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.83%	17.44%	+9.39%

QQQD vs. QDVO - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is higher than QDVO's 0.56% expense ratio.

Dividends

QQQD vs. QDVO - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 3.10%, less than QDVO's 10.50% yield.

Position	TTM	2025	2024
QDVO Amplify CWP Growth & Income ETF	10.50%	9.92%	2.79%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.10%	4.33%	5.17%

Frequently Asked Questions

Can I hold both QQQD and QDVO in my portfolio?

QQQD and QDVO have a correlation of -0.86, 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 QDVO?

QQQD has higher volatility (7.79%) compared to QDVO (4.36%). In terms of maximum drawdown, QQQD dropped -49.47% vs QDVO's -17.75%.

Which ETF is better, QQQD or QDVO?

On 1-year performance, QDVO leads with 19.89% vs -15.69% for QQQD. On fees, QDVO is cheaper at 0.56% per year. On volatility, QDVO has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or QDVO?

Over the 1-year period, QDVO has performed better with a 19.89% return vs -15.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or QDVO?

QDVO is cheaper with a 0.56% expense ratio, compared with 0.57% for QQQD.

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

QDVO has the higher dividend yield at 10.50%, compared with 3.10% for QQQD.

What is the main difference between QQQD and QDVO?

QQQD is categorized as Inverse Equities, while QDVO is Derivative Income. They also come from different issuers: Direxion and Amplify. Their fees differ too: 0.57% for QQQD and 0.56% for QDVO.

Which has better risk-adjusted returns?

QDVO currently has the higher Sharpe Ratio (1.56 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.