QQQD vs. QQQU
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU).
QQQD and QQQU 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. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 2024. Both QQQD and QQQU 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 QQQU.
Correlation
The correlation between QQQD and QQQU is -0.83. 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. QQQU - Performance Comparison
Key characteristics
QQQD:
-0.63
QQQU:
0.46
QQQD:
-0.75
QQQU:
1.05
QQQD:
0.91
QQQU:
1.14
QQQD:
-0.57
QQQU:
0.55
QQQD:
-0.95
QQQU:
1.47
QQQD:
21.55%
QQQU:
20.11%
QQQD:
32.50%
QQQU:
64.35%
QQQD:
-36.25%
QQQU:
-53.70%
QQQD:
-20.97%
QQQU:
-44.29%
Returns By Period
In the year-to-date period, QQQD achieves a 16.47% return, which is significantly higher than QQQU's -36.51% return.
QQQD
16.47%
5.97%
2.93%
-18.06%
N/A
N/A
QQQU
-36.51%
-20.27%
-19.81%
22.14%
N/A
N/A
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QQQD vs. QQQU - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than QQQU's 1.07% expense ratio.
Risk-Adjusted Performance
QQQD vs. QQQU — Risk-Adjusted Performance Rank
QQQD
QQQU
QQQD vs. QQQU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). 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.
Dividends
QQQD vs. QQQU - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.15%, more than QQQU's 4.49% yield.
| TTM | 2024 | |
|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.15% | 5.17% |
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 4.49% | 2.74% |
Drawdowns
QQQD vs. QQQU - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, smaller than the maximum QQQU drawdown of -53.70%. Use the drawdown chart below to compare losses from any high point for QQQD and QQQU. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. QQQU - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 21.23%, while Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a volatility of 37.83%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than QQQU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.