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 -17.22% vs 18.50% for SCHG. Their -0.91 correlation means they have often moved in opposite directions in the past. 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 -3.21% return, which is significantly lower than SCHG's 7.11% return.
QQQD
- 1D
- -3.65%
- 1M
- -5.05%
- 6M
- -3.32%
- YTD
- -3.21%
- 1Y
- -17.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.57%
SCHG
- 1D
- 2.02%
- 1M
- 2.17%
- 6M
- 8.95%
- YTD
- 7.11%
- 1Y
- 18.50%
- 3Y*
- 23.37%
- 5Y*
- 13.47%
- 10Y*
- 18.33%
- ALL TIME*
- 16.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.24M | $1.71M | |
| $249.58M | $250.01M | $339.80M |
QQQD vs. SCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -3.21% | -20.32% | -27.75% |
SCHG Schwab U.S. Large-Cap Growth ETF | 7.11% | 17.50% | 23.30% |
Correlation
The correlation between QQQD and SCHG is -0.92, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.92 |
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 -0.92 to -0.91 - 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 | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.20 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.13 | -1.92 |
| Martin ratioReturn relative to average drawdown | -1.37 | 3.58 | -4.95 |
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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 | -21.94% | -16.41% | -5.53% |
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 | -47.67% | -1.15% | -46.52% |
Average DrawdownAverage peak-to-trough decline | -31.29% | -5.19% | -26.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.25% | 5.19% | +8.06% |
Volatility
QQQD vs. SCHG - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.82% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.76%. 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 | 8.82% | 4.76% | +4.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.95% | 13.02% | +4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.54% | 16.66% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.02% | 22.45% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.02% | 21.60% | +5.42% |
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 3.18%, 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 | 3.18% | 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 -0.92, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (8.82%) compared to SCHG (4.76%). In terms of maximum drawdown, QQQD dropped -49.47% vs SCHG's -34.59%.
On 1-year performance, SCHG leads with 18.50% vs -17.22% for QQQD. On fees, SCHG is cheaper at 0.04% per year. On volatility, SCHG has been the lower-risk option at 4.76%. 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 18.50% return vs -17.22%. 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 3.18%, 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 (1.12 vs -0.77), 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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