QQQD vs. QYLD
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Global X NASDAQ 100 Covered Call ETF (QYLD).
QQQD and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both QQQD and QYLD 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 QYLD.
Correlation
The correlation between QQQD and QYLD is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QQQD vs. QYLD - Performance Comparison
Key characteristics
QQQD:
-0.66
QYLD:
0.32
QQQD:
-0.80
QYLD:
0.60
QQQD:
0.90
QYLD:
1.10
QQQD:
-0.59
QYLD:
0.32
QQQD:
-1.00
QYLD:
1.33
QQQD:
21.60%
QYLD:
4.59%
QQQD:
32.62%
QYLD:
19.11%
QQQD:
-36.25%
QYLD:
-24.75%
QQQD:
-23.44%
QYLD:
-11.29%
Returns By Period
In the year-to-date period, QQQD achieves a 12.83% return, which is significantly higher than QYLD's -7.28% return.
QQQD
12.83%
-0.47%
0.87%
-21.66%
N/A
N/A
QYLD
-7.28%
-2.68%
-4.25%
6.25%
8.71%
7.51%
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QQQD vs. QYLD - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
QQQD vs. QYLD — Risk-Adjusted Performance Rank
QQQD
QYLD
QQQD vs. QYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Global X NASDAQ 100 Covered Call ETF (QYLD). 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. QYLD - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.31%, less than QYLD's 13.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.31% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QYLD Global X NASDAQ 100 Covered Call ETF | 13.87% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% |
Drawdowns
QQQD vs. QYLD - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, which is greater than QYLD's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for QQQD and QYLD. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. QYLD - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 21.28% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 14.23%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than QYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.