QQQD vs. SRTY

Last updated Jul 14, 2026

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 -15.69% vs -61.69% for SRTY. A 0.52 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and ProShares UltraPro Short Russell2000 (SRTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQD achieves a -0.87% return, which is significantly higher than SRTY's -44.74% return.

QQQD

• 1D: 1.07%
• 1M: -3.17%
• 6M: -0.37%
• YTD: -0.87%
• 1Y: -15.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SRTY

• 1D: 2.54%
• 1M: -1.01%
• 6M: -33.79%
• YTD: -44.74%
• 1Y: -61.69%
• 3Y*: -43.41%
• 5Y*: -32.96%
• 10Y*: -43.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQQD vs. SRTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	-0.87%	-20.32%	-27.75%
SRTY ProShares UltraPro Short Russell2000	-44.74%	-40.55%	-27.10%

Correlation

The correlation between QQQD and SRTY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.52

The correlation between QQQD and SRTY has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.

Return for Risk

QQQD vs. SRTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QQQD

QQQD Risk / Return Rank: 3
QQQD Sharpe Ratio Rank: 3
QQQD Sortino Ratio Rank: 3
QQQD Omega Ratio Rank: 4
QQQD Calmar Ratio Rank: 3
QQQD Martin Ratio Rank: 3

SRTY

SRTY Risk / Return Rank: 1
SRTY Sharpe Ratio Rank: 1
SRTY Sortino Ratio Rank: 1
SRTY Omega Ratio Rank: 1
SRTY Calmar Ratio Rank: 1
SRTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	-0.74	-1.06	+0.32
Sortino ratio: Return per unit of downside risk	-0.98	-1.79	+0.80
Omega ratio: Gain probability vs. loss probability	0.89	0.80	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.92	+0.20
Martin ratio: Return relative to average drawdown	-1.22	-1.41	+0.19

QQQD vs. SRTY - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.74, which is higher than the SRTY Sharpe Ratio of -1.06. The chart below compares the historical Sharpe Ratios of QQQD and SRTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	QQQD	SRTY	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-100.00%	+50.53%
Max Drawdown (1Y) Largest decline over 1 year	-21.94%	-67.43%	+45.49%
Max Drawdown (3Y) Largest decline over 3 years	—	-89.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-99.70%	—
Current Drawdown Current decline from peak	-46.40%	-100.00%	+53.60%
Average Drawdown Average peak-to-trough decline	-30.94%	-94.16%	+63.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.95%	43.75%	-30.80%

Volatility

QQQD vs. SRTY - Volatility Comparison

The current volatility for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) is 7.79%, while ProShares UltraPro Short Russell2000 (SRTY) has a volatility of 14.86%. 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.

Volatility by Period

	QQQD	SRTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	14.86%	-7.07%
Volatility (6M) Calculated over the trailing 6-month period	16.58%	42.72%	-26.14%
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	58.34%	-36.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.83%	67.56%	-40.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.83%	68.25%	-41.42%

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 3.10%, less than SRTY's 8.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.10%	4.33%	5.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SRTY ProShares UltraPro Short Russell2000	8.31%	6.87%	9.40%	4.93%	0.17%	0.00%	0.95%	2.13%	0.70%	0.04%

Frequently Asked Questions

Can I hold both QQQD and SRTY in my portfolio?

QQQD and SRTY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQD or SRTY?

SRTY has higher volatility (14.86%) compared to QQQD (7.79%). In terms of maximum drawdown, QQQD dropped -49.47% vs SRTY's -100.00%.

Which ETF is better, QQQD or SRTY?

On 1-year performance, QQQD leads with -15.69% vs -61.69% for SRTY. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or SRTY?

Over the 1-year period, QQQD has performed better with a -15.69% return vs -61.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or SRTY?

QQQD is cheaper with a 0.57% expense ratio, compared with 0.95% for SRTY.

Which ETF pays a higher dividend yield, QQQD or SRTY?

SRTY has the higher dividend yield at 8.31%, compared with 3.10% for QQQD.

What is the main difference between QQQD and SRTY?

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.

Which has better risk-adjusted returns?

QQQD currently has the higher Sharpe Ratio (-0.74 vs -1.06), 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.