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 -21.80% vs 24.64% 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 -2.89% return, which is significantly lower than SCHG's 6.42% return.
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHG
- 1D
- -1.23%
- 1M
- 4.81%
- YTD
- 6.42%
- 6M
- 5.81%
- 1Y
- 24.64%
- 3Y*
- 25.02%
- 5Y*
- 15.59%
- 10Y*
- 18.77%
QQQD vs. SCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -20.32% | -27.69% |
SCHG Schwab U.S. Large-Cap Growth ETF | 6.42% | 17.50% | 21.52% |
Correlation
The correlation between QQQD and SCHG is -0.89, 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 | -0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | -0.91 |
The correlation between QQQD and SCHG has been stable across timeframes, ranging from -0.91 to -0.89 - 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.
| QQQD | SCHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -3.72 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.28 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 1.51 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.23 | 5.04 | -6.28 |
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 | SCHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 1.60 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.84 | -1.70 |
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 | -26.65% | -16.41% | -10.24% |
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 | -47.50% | -1.78% | -45.72% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -5.20% | -25.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.72% | 4.90% | +12.82% |
Volatility
QQQD vs. SCHG - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 4.76% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 3.61%. 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 | 4.76% | 3.61% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 11.62% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.21% | 15.50% | +4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 22.27% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 21.55% | +5.22% |
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 4.07%, more than SCHG's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.07% | 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 | 0.36% | 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 -0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (4.76%) compared to SCHG (3.61%). In terms of maximum drawdown, QQQD dropped -49.47% vs SCHG's -34.59%.
On 1-year performance, SCHG leads with 24.64% vs -21.80% for QQQD. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 3.61%. 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 24.64% return vs -21.80%. 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 4.07%, compared with 0.36% 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 (1.60 vs -1.08), 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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