QQQD vs. VOO
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, QQQD returned -14.09% vs 21.58% for VOO. Their -0.81 correlation means they have often moved in opposite directions in the past. QQQD charges 0.57%/yr vs 0.03%/yr for VOO.
Performance
QQQD vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, QQQD achieves a 0.46% return, which is significantly lower than VOO's 10.16% return.
QQQD
- 1D
- -3.23%
- 1M
- -1.45%
- 6M
- 0.57%
- YTD
- 0.46%
- 1Y
- -14.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.41%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12M | $1.26M | $1.70M | |
| $3.82B | $3.78B | $5.44B |
QQQD vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 0.46% | -20.32% | -27.75% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 16.49% |
Correlation
The correlation between QQQD and VOO is -0.83, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.81 |
The correlation between QQQD and VOO has been stable across timeframes, ranging from -0.83 to -0.81 - a consistent structural relationship.
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Return for Risk
QQQD vs. VOO — Risk / Return Rank
QQQD
VOO
QQQD vs. VOO - Risk-Adjusted Trends 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.
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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 2.21 | -2.72 |
| Martin ratioReturn relative to average drawdown | -0.85 | 9.44 | -10.29 |
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Drawdowns
QQQD vs. VOO - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, 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.
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Drawdown Indicators
| QQQD | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -33.99% | -15.48% |
Max Drawdown (1Y)Largest decline over 1 year | -21.94% | -8.90% | -13.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -45.68% | -1.38% | -44.30% |
Average DrawdownAverage peak-to-trough decline | -31.27% | -3.67% | -27.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.19% | 2.08% | +11.11% |
Volatility
QQQD vs. VOO - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 8.15% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. 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.
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Volatility by Period
| QQQD | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 3.54% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 17.57% | 10.10% | +7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.50% | 12.82% | +9.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.94% | 16.93% | +10.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 18.01% | +8.93% |
QQQD vs. VOO - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
QQQD vs. VOO - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 3.06%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.06% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
QQQD and VOO have a correlation of -0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (8.15%) compared to VOO (3.54%). In terms of maximum drawdown, QQQD dropped -49.47% vs VOO's -33.99%.
On 1-year performance, VOO leads with 21.58% vs -14.09% for QQQD. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VOO has performed better with a 21.58% return vs -14.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 3.06%, compared with 1.07% for VOO.
QQQD is categorized as Inverse Equities, while VOO is S&P 500. QQQD tracks Indxx Magnificent 7 Index (-100%), while VOO tracks S&P 500 Index. They also come from different issuers: Direxion and Vanguard. Their fees differ too: 0.57% for QQQD and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.53 vs -0.50), 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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