QQQD vs. QQQE
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. Both are passively managed. Over the past year, QQQD returned -10.30% vs 24.45% for QQQE. At a correlation of -0.68, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.35%/yr for QQQE.
Performance
QQQD vs. QQQE - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a 8.49% return, which is significantly lower than QQQE's 17.16% return.
QQQD
- 1D
- 2.43%
- 1M
- 13.91%
- YTD
- 8.49%
- 6M
- 10.62%
- 1Y
- -10.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQE
- 1D
- 0.68%
- 1M
- 1.10%
- YTD
- 17.16%
- 6M
- 15.52%
- 1Y
- 24.45%
- 3Y*
- 17.83%
- 5Y*
- 9.20%
- 10Y*
- 16.24%
QQQD vs. QQQE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 8.49% | -20.32% | -27.75% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 17.16% | 14.58% | 2.31% |
Correlation
The correlation between QQQD and QQQE is -0.60, 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 | -0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.68 |
The correlation between QQQD and QQQE has been stable across timeframes, ranging from -0.68 to -0.60 - a consistent structural relationship.
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Return for Risk
QQQD vs. QQQE — Risk / Return Rank
QQQD
QQQE
QQQD vs. QQQE - 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 NASDAQ-100 Equal Weighted Index Shares (QQQE). 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 | QQQE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 2.61 | -3.07 |
| Martin ratioReturn relative to average drawdown | -0.72 | 8.73 | -9.45 |
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Drawdowns
QQQD vs. QQQE - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for QQQD and QQQE.
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Drawdown Indicators
| QQQD | QQQE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -32.14% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -22.67% | -9.41% | -13.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.14% | — |
Current DrawdownCurrent decline from peak | -41.34% | -2.48% | -38.86% |
Average DrawdownAverage peak-to-trough decline | -30.67% | -5.15% | -25.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.29% | 2.81% | +11.48% |
Volatility
QQQD vs. QQQE - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 7.42%, while Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) has a volatility of 7.91%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than QQQE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | QQQE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 7.91% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 12.70% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 15.57% | +5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.88% | 20.54% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 20.79% | +6.09% |
QQQD vs. QQQE - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than QQQE's 0.35% expense ratio.
Dividends
QQQD vs. QQQE - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 2.84%, more than QQQE's 0.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 2.84% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares | 0.57% | 0.52% | 0.86% | 0.79% | 0.98% | 3.83% | 0.54% | 0.74% | 0.80% | 0.65% | 1.17% | 0.57% |
Frequently Asked Questions
QQQD and QQQE have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQE has higher volatility (7.91%) compared to QQQD (7.42%). In terms of maximum drawdown, QQQD dropped -49.47% vs QQQE's -32.14%.
On 1-year performance, QQQE leads with 24.45% vs -10.30% for QQQD. On fees, QQQE is cheaper at 0.35% per year. On volatility, QQQD has been the lower-risk option at 7.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQE has performed better with a 24.45% return vs -10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQE is cheaper with a 0.35% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 2.84%, compared with 0.57% for QQQE.
QQQD is categorized as Inverse Equities, while QQQE is Nasdaq-100. QQQD tracks Indxx Magnificent 7 Index (-100%), while QQQE tracks NASDAQ-100 Equal Weighted Index. Their fees differ too: 0.57% for QQQD and 0.35% for QQQE.
QQQE currently has the higher Sharpe Ratio (1.58 vs -0.49), 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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