QQQD vs. SRTY
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and SRTY (ProShares UltraPro Short Russell2000) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while SRTY is a Leveraged Equities fund tracking the Russell 2000 Index (-300%). Both are passively managed. Over the past year, QQQD returned -14.61% vs -67.40% for SRTY. A 0.53 correlation means they provide meaningful diversification when combined. QQQD charges 0.57%/yr vs 0.95%/yr for SRTY.
Performance
QQQD vs. SRTY - 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 SRTY's -46.00% return.
QQQD
- 1D
- 0.67%
- 1M
- 9.00%
- YTD
- 4.24%
- 6M
- 6.32%
- 1Y
- -14.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRTY
- 1D
- 2.94%
- 1M
- -11.85%
- YTD
- -46.00%
- 6M
- -41.91%
- 1Y
- -67.40%
- 3Y*
- -47.20%
- 5Y*
- -31.09%
- 10Y*
- -44.65%
QQQD vs. SRTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.24% | -20.32% | -27.75% |
SRTY ProShares UltraPro Short Russell2000 | -46.00% | -40.55% | -27.10% |
Correlation
The correlation between QQQD and SRTY is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.53 |
The correlation between QQQD and SRTY has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.
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Return for Risk
QQQD vs. SRTY — Risk / Return Rank
QQQD
SRTY
QQQD vs. SRTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and ProShares UltraPro Short Russell2000 (SRTY). 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 | SRTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.77 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.99 | +0.35 |
| Martin ratioReturn relative to average drawdown | -1.01 | -1.56 | +0.54 |
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Drawdowns
QQQD vs. SRTY - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum SRTY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QQQD and SRTY.
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Drawdown Indicators
| QQQD | SRTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -100.00% | +50.53% |
Max Drawdown (1Y)Largest decline over 1 year | -22.92% | -68.17% | +45.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -89.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.76% | — |
Current DrawdownCurrent decline from peak | -43.64% | -100.00% | +56.36% |
Average DrawdownAverage peak-to-trough decline | -30.63% | -94.14% | +63.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.98% | 43.57% | -28.59% |
Volatility
QQQD vs. SRTY - Volatility Comparison
The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 7.17%, while ProShares UltraPro Short Russell2000 (SRTY) has a volatility of 19.61%. This indicates that QQQD experiences smaller price fluctuations and is considered to be less risky than SRTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQD | SRTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 19.61% | -12.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.65% | 43.09% | -27.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.89% | 58.89% | -38.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 67.68% | -40.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.85% | 68.42% | -41.57% |
QQQD vs. SRTY - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than SRTY's 0.95% expense ratio.
Dividends
QQQD vs. SRTY - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.79%, less than SRTY's 10.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.79% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRTY ProShares UltraPro Short Russell2000 | 10.12% | 6.87% | 9.40% | 4.93% | 0.17% | 0.00% | 0.95% | 2.13% | 0.70% | 0.04% |
Frequently Asked Questions
QQQD and SRTY have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRTY has higher volatility (19.61%) compared to QQQD (7.17%). In terms of maximum drawdown, QQQD dropped -49.47% vs SRTY's -100.00%.
On 1-year performance, QQQD leads with -14.61% vs -67.40% for SRTY. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQD has performed better with a -14.61% return vs -67.40%. 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 0.95% for SRTY.
SRTY has the higher dividend yield at 10.12%, compared with 3.79% for QQQD.
QQQD is categorized as Inverse Equities, while SRTY is Leveraged Equities. QQQD tracks Indxx Magnificent 7 Index (-100%), while SRTY tracks Russell 2000 Index (-300%). They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.57% for QQQD and 0.95% for SRTY.
QQQD currently has the higher Sharpe Ratio (-0.71 vs -1.15), 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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