QQQD vs. SCHG
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past year, QQQD returned -14.61% vs 16.03% for SCHG. At a correlation of -0.91, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.04%/yr for SCHG.
Performance
QQQD vs. SCHG - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a 4.24% return, which is significantly higher than SCHG's 1.23% return.
QQQD
- 1D
- 0.67%
- 1M
- 9.00%
- YTD
- 4.24%
- 6M
- 6.32%
- 1Y
- -14.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHG
- 1D
- -0.12%
- 1M
- -4.04%
- YTD
- 1.23%
- 6M
- -0.27%
- 1Y
- 16.03%
- 3Y*
- 22.08%
- 5Y*
- 13.26%
- 10Y*
- 18.63%
QQQD vs. SCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.24% | -20.32% | -27.75% |
SCHG Schwab U.S. Large-Cap Growth ETF | 1.23% | 17.50% | 23.30% |
Correlation
The correlation between QQQD and SCHG is -0.90, 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 | -0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.91 |
The correlation between QQQD and SCHG has been stable across timeframes, ranging from -0.91 to -0.90 - a consistent structural relationship.
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Return for Risk
QQQD vs. SCHG — Risk / Return Rank
QQQD
SCHG
QQQD vs. SCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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 | SCHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.18 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 0.98 | -1.62 |
| Martin ratioReturn relative to average drawdown | -1.01 | 3.19 | -4.21 |
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Drawdowns
QQQD vs. SCHG - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for QQQD and SCHG.
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Drawdown Indicators
| QQQD | SCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -34.59% | -14.88% |
Max Drawdown (1Y)Largest decline over 1 year | -22.92% | -16.41% | -6.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.59% | — |
Current DrawdownCurrent decline from peak | -43.64% | -6.57% | -37.07% |
Average DrawdownAverage peak-to-trough decline | -30.63% | -5.20% | -25.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.98% | 5.03% | +9.95% |
Volatility
QQQD vs. SCHG - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 7.17% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.90%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | SCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 5.90% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 12.46% | +3.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 16.21% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 22.38% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.85% | 21.58% | +5.27% |
QQQD vs. SCHG - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Dividends
QQQD vs. SCHG - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.79%, more than SCHG's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 2.30% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.38% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
Frequently Asked Questions
QQQD and SCHG have a correlation of -0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (7.17%) compared to SCHG (5.90%). In terms of maximum drawdown, QQQD dropped -49.47% vs SCHG's -34.59%.
On 1-year performance, SCHG leads with 16.03% vs -14.61% for QQQD. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 5.90%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHG has performed better with a 16.03% return vs -14.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHG is cheaper with a 0.04% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 3.79%, compared with 0.38% for SCHG.
QQQD is categorized as Inverse Equities, while SCHG is Large Cap Growth Equities. QQQD tracks Indxx Magnificent 7 Index (-100%), while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. They also come from different issuers: Direxion and Charles Schwab. Their fees differ too: 0.57% for QQQD and 0.04% for SCHG.
SCHG currently has the higher Sharpe Ratio (1.00 vs -0.71), 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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