QQQD vs. QQQ
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Invesco QQQ ETF (QQQ).
QQQD and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQD is a passively managed fund by Direxion that tracks the performance of the Indxx Magnificent 7 Index (-100%). It was launched on Mar 6, 2024. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both QQQD and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
QQQD vs. QQQ - Performance Comparison
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QQQD vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 12.68% | -20.32% | -27.69% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 15.45% |
Returns By Period
In the year-to-date period, QQQD achieves a 12.68% return, which is significantly higher than QQQ's -4.76% return.
QQQD
- 1D
- -1.36%
- 1M
- 4.66%
- YTD
- 12.68%
- 6M
- 10.30%
- 1Y
- -22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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QQQD vs. QQQ - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
QQQD vs. QQQ — Risk / Return Rank
QQQD
QQQ
QQQD vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | 1.07 | -1.88 |
Sortino ratioReturn per unit of downside risk | -1.00 | 1.66 | -2.66 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.24 | -0.38 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 2.00 | -2.57 |
Martin ratioReturn relative to average drawdown | -0.73 | 7.32 | -8.05 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 1.07 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 0.38 | -1.07 |
Correlation
The correlation between QQQD and QQQ is -0.89. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
QQQD vs. QQQ - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.51%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.51% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
QQQD vs. QQQ - Drawdown Comparison
The maximum QQQD drawdown since its inception was -47.84%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QQQD and QQQ.
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Drawdown Indicators
| QQQD | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.84% | -82.97% | +35.13% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -12.62% | -29.65% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -39.07% | -7.86% | -31.21% |
Average DrawdownAverage peak-to-trough decline | -29.03% | -32.99% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 3.44% | +30.03% |
Volatility
QQQD vs. QQQ - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.73% compared to Invesco QQQ ETF (QQQ) at 6.61%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 6.61% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | 12.82% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.49% | 22.70% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 22.38% | +4.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 22.25% | +5.07% |