QQQD vs. QQQ
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Invesco QQQ (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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQD or QQQ.
Correlation
The correlation between QQQD and QQQ is -0.90. 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.
Performance
QQQD vs. QQQ - Performance Comparison
Key characteristics
QQQD:
24.77%
QQQ:
18.18%
QQQD:
-36.25%
QQQ:
-82.98%
QQQD:
-34.57%
QQQ:
-1.08%
Returns By Period
In the year-to-date period, QQQD achieves a -3.58% return, which is significantly lower than QQQ's 3.97% return.
QQQD
-3.58%
-0.02%
-22.21%
N/A
N/A
N/A
QQQ
3.97%
1.65%
15.05%
26.26%
19.85%
18.67%
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QQQD vs. QQQ - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QQQD vs. QQQ — Risk-Adjusted Performance Rank
QQQD
QQQ
QQQD vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Invesco QQQ (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.
Not enough dataDividends
QQQD vs. QQQ - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.36%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.36% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
QQQD vs. QQQ - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QQQD and QQQ. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. QQQ - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 7.77% compared to Invesco QQQ (QQQ) at 5.41%. 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.