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.
Performance
QQQD vs. QYLD - Performance Comparison
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QQQD vs. QYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 12.68% | -20.32% | -27.69% |
QYLD Global X NASDAQ 100 Covered Call ETF | 0.61% | 9.28% | 13.13% |
Returns By Period
In the year-to-date period, QQQD achieves a 12.68% return, which is significantly higher than QYLD's 0.61% return.
QQQD
- 1D
- -1.36%
- 1M
- 4.66%
- YTD
- 12.68%
- 6M
- 10.30%
- 1Y
- -22.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QYLD
- 1D
- 0.58%
- 1M
- -1.11%
- YTD
- 0.61%
- 6M
- 7.46%
- 1Y
- 16.36%
- 3Y*
- 13.19%
- 5Y*
- 7.01%
- 10Y*
- 8.96%
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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.
Return for Risk
QQQD vs. QYLD — Risk / Return Rank
QQQD
QYLD
QQQD vs. QYLD - Risk-Adjusted Trends 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.
| QQQD | QYLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.81 | 1.00 | -1.81 |
Sortino ratioReturn per unit of downside risk | -1.00 | 1.61 | -2.62 |
Omega ratioGain probability vs. loss probability | 0.86 | 1.31 | -0.45 |
Calmar ratioReturn relative to maximum drawdown | -0.58 | 1.57 | -2.14 |
Martin ratioReturn relative to average drawdown | -0.73 | 10.32 | -11.05 |
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 | QYLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.81 | 1.00 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 0.56 | -1.25 |
Correlation
The correlation between QQQD and QYLD is -0.79. 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. QYLD - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.51%, less than QYLD's 11.85% 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% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.85% | 11.55% | 12.50% | 11.78% | 13.75% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% |
Drawdowns
QQQD vs. QYLD - Drawdown Comparison
The maximum QQQD drawdown since its inception was -47.84%, 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.
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Drawdown Indicators
| QQQD | QYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.84% | -24.75% | -23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -10.84% | -31.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -39.07% | -1.84% | -37.23% |
Average DrawdownAverage peak-to-trough decline | -29.03% | -3.89% | -25.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.47% | 1.65% | +31.82% |
Volatility
QQQD vs. QYLD - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.73% compared to Global X NASDAQ 100 Covered Call ETF (QYLD) at 4.90%. 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.
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Volatility by Period
| QQQD | QYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.73% | 4.90% | +3.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.49% | 7.50% | +7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.49% | 16.43% | +12.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 14.84% | +12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 15.51% | +11.81% |