QQQD vs. SOXL
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. Both are passively managed. Over the past year, QQQD returned -10.30% vs 928.01% for SOXL. At a correlation of -0.63, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.75%/yr for SOXL.
Performance
QQQD vs. SOXL - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a 8.49% return, which is significantly lower than SOXL's 501.02% return.
QQQD
- 1D
- 2.43%
- 1M
- 13.91%
- YTD
- 8.49%
- 6M
- 10.62%
- 1Y
- -10.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 10.04%
- 1M
- 11.88%
- YTD
- 501.02%
- 6M
- 471.39%
- 1Y
- 928.01%
- 3Y*
- 126.70%
- 5Y*
- 44.97%
- 10Y*
- 68.12%
QQQD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 8.49% | -20.32% | -27.75% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 501.02% | 54.91% | -45.17% |
Correlation
The correlation between QQQD and SOXL is -0.52, 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 | -0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.63 |
The correlation between QQQD and SOXL shifts across timeframes, from -0.63 (all time) to -0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
QQQD vs. SOXL — Risk / Return Rank
QQQD
SOXL
QQQD vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.53 | ||
| Sortino ratioReturn per unit of downside risk | -4.57 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.57 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 21.57 | -22.02 |
| Martin ratioReturn relative to average drawdown | -0.72 | 68.63 | -69.35 |
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Drawdowns
QQQD vs. SOXL - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for QQQD and SOXL.
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Drawdown Indicators
| QQQD | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -90.46% | +40.99% |
Max Drawdown (1Y)Largest decline over 1 year | -22.67% | -43.47% | +20.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -90.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -41.34% | -16.01% | -25.33% |
Average DrawdownAverage peak-to-trough decline | -30.67% | -34.94% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.29% | 13.64% | +0.65% |
Volatility
QQQD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 7.42%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 66.73%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 66.73% | -59.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.86% | 99.97% | -84.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.00% | 116.70% | -95.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.88% | 110.41% | -83.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.88% | 100.63% | -73.75% |
QQQD vs. SOXL - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than SOXL's 0.75% expense ratio.
Dividends
QQQD vs. SOXL - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 2.84%, while SOXL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 2.84% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.00% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
QQQD and SOXL have a correlation of -0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (66.73%) compared to QQQD (7.42%). In terms of maximum drawdown, QQQD dropped -49.47% vs SOXL's -90.46%.
On 1-year performance, SOXL leads with 928.01% vs -10.30% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SOXL has performed better with a 928.01% return vs -10.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.75% for SOXL.
QQQD has the higher dividend yield at 2.84%, compared with 0.00% for SOXL.
QQQD is categorized as Inverse Equities, while SOXL is Leveraged Equities. QQQD tracks Indxx Magnificent 7 Index (-100%), while SOXL tracks ICE Semiconductor Index. Their fees differ too: 0.57% for QQQD and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (8.03 vs -0.49), 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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