QQQD vs. VOO
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Vanguard S&P 500 ETF (VOO).
QQQD and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQD is a passively managed fund by Direxion that tracks the performance of the Indxx Magnificent 7 Index (-100%). It was launched on Mar 6, 2024. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both QQQD and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQD or VOO.
Correlation
The correlation between QQQD and VOO is -0.81. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
QQQD vs. VOO - Performance Comparison
Key characteristics
QQQD:
-0.21
VOO:
-0.07
QQQD:
-0.12
VOO:
0.01
QQQD:
0.99
VOO:
1.00
QQQD:
-0.16
VOO:
-0.07
QQQD:
-0.26
VOO:
-0.36
QQQD:
22.83%
VOO:
3.31%
QQQD:
28.01%
VOO:
15.79%
QQQD:
-36.25%
VOO:
-33.99%
QQQD:
-11.87%
VOO:
-17.13%
Returns By Period
In the year-to-date period, QQQD achieves a 29.88% return, which is significantly higher than VOO's -13.30% return.
QQQD
29.88%
19.52%
12.87%
-6.58%
N/A
N/A
VOO
-13.30%
-12.91%
-11.02%
0.06%
17.17%
11.35%
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QQQD vs. VOO - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
QQQD vs. VOO — Risk-Adjusted Performance Rank
QQQD
VOO
QQQD vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
QQQD vs. VOO - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 4.62%, more than VOO's 1.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.62% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.50% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
QQQD vs. VOO - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for QQQD and VOO. For additional features, visit the drawdowns tool.
Volatility
QQQD vs. VOO - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 13.10% compared to Vanguard S&P 500 ETF (VOO) at 9.12%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.