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 -21.80% vs 1438.30% for SOXL. At a correlation of -0.64, 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 -2.89% return, which is significantly lower than SOXL's 567.48% return.
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXL
- 1D
- 5.34%
- 1M
- 119.95%
- YTD
- 567.48%
- 6M
- 502.28%
- 1Y
- 1,438.30%
- 3Y*
- 135.13%
- 5Y*
- 48.72%
- 10Y*
- 65.39%
QQQD vs. SOXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -20.32% | -27.69% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 567.48% | 54.91% | -50.23% |
Correlation
The correlation between QQQD and SOXL is -0.55, 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 | -0.55 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | -0.64 |
The correlation between QQQD and SOXL has been stable across timeframes, ranging from -0.64 to -0.55 - a consistent structural relationship.
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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.
| QQQD | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.37 | ||
| Sortino ratioReturn per unit of downside risk | -6.72 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.72 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 33.47 | -34.29 |
| Martin ratioReturn relative to average drawdown | -1.23 | 114.79 | -116.02 |
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 | SOXL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 14.28 | -15.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.52 | -1.37 |
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 | -26.65% | -43.47% | +16.82% |
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 | -47.50% | 0.00% | -47.50% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -35.01% | +4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.72% | 12.65% | +5.07% |
Volatility
QQQD vs. SOXL - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 4.76%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 40.82%. 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 | 4.76% | 40.82% | -36.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 81.29% | -66.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.21% | 102.11% | -81.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 107.25% | -80.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 99.04% | -72.27% |
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 4.07%, more than SOXL's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.03% | 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 -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (40.82%) compared to QQQD (4.76%). In terms of maximum drawdown, QQQD dropped -49.47% vs SOXL's -90.46%.
On 1-year performance, SOXL leads with 1438.30% vs -21.80% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD 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, SOXL has performed better with a 1438.30% return vs -21.80%. 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 4.07%, compared with 0.03% 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 (14.28 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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