QQQD vs. XLG
QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and XLG (Invesco S&P 500 Top 50 ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while XLG is a S&P 500 fund tracking the S&P 500 Top 50 Index. Both are passively managed. Over the past year, QQQD returned -21.80% vs 28.54% for XLG. At a correlation of -0.91, they often move in opposite directions. QQQD charges 0.57%/yr vs 0.20%/yr for XLG.
Performance
QQQD vs. XLG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QQQD achieves a -2.89% return, which is significantly lower than XLG's 7.57% return.
QQQD
- 1D
- 1.38%
- 1M
- -1.88%
- YTD
- -2.89%
- 6M
- -2.43%
- 1Y
- -21.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XLG
- 1D
- -1.15%
- 1M
- 4.22%
- YTD
- 7.57%
- 6M
- 7.32%
- 1Y
- 28.54%
- 3Y*
- 24.46%
- 5Y*
- 16.24%
- 10Y*
- 17.27%
QQQD vs. XLG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -2.89% | -20.32% | -27.69% |
XLG Invesco S&P 500 Top 50 ETF | 7.57% | 19.51% | 20.72% |
Correlation
The correlation between QQQD and XLG is -0.91, 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 | -0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024 | -0.91 |
The correlation between QQQD and XLG has been stable across timeframes, ranging from -0.91 to -0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QQQD vs. XLG — Risk / Return Rank
QQQD
XLG
QQQD vs. XLG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and Invesco S&P 500 Top 50 ETF (XLG). 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 | XLG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.47 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.38 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 2.31 | -3.13 |
| Martin ratioReturn relative to average drawdown | -1.23 | 8.66 | -9.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| QQQD | XLG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.08 | 2.15 | -3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.86 | 0.62 | -1.48 |
Drawdowns
QQQD vs. XLG - Drawdown Comparison
The maximum QQQD drawdown since its inception was -49.47%, smaller than the maximum XLG drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for QQQD and XLG.
Loading charts...
Drawdown Indicators
| QQQD | XLG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.47% | -52.39% | +2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -26.65% | -12.41% | -14.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.46% | — |
Current DrawdownCurrent decline from peak | -47.50% | -1.44% | -46.06% |
Average DrawdownAverage peak-to-trough decline | -30.34% | -7.64% | -22.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.72% | 3.30% | +14.42% |
Volatility
QQQD vs. XLG - Volatility Comparison
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 4.76% compared to Invesco S&P 500 Top 50 ETF (XLG) at 3.19%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QQQD | XLG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 3.19% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 9.80% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.21% | 13.33% | +6.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 18.68% | +8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.77% | 18.84% | +7.93% |
QQQD vs. XLG - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is higher than XLG's 0.20% expense ratio.
Dividends
QQQD vs. XLG - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 4.07%, more than XLG's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
XLG Invesco S&P 500 Top 50 ETF | 0.60% | 0.64% | 0.72% | 0.97% | 1.34% | 0.94% | 1.25% | 1.58% | 2.00% | 1.85% | 2.00% | 2.09% |
Frequently Asked Questions
QQQD and XLG have a correlation of -0.91, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQD has higher volatility (4.76%) compared to XLG (3.19%). In terms of maximum drawdown, QQQD dropped -49.47% vs XLG's -52.39%.
On 1-year performance, XLG leads with 28.54% vs -21.80% for QQQD. On fees, XLG is cheaper at 0.20% per year. On volatility, XLG has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XLG has performed better with a 28.54% return vs -21.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XLG is cheaper with a 0.20% expense ratio, compared with 0.57% for QQQD.
QQQD has the higher dividend yield at 4.07%, compared with 0.60% for XLG.
QQQD is categorized as Inverse Equities, while XLG is S&P 500. QQQD tracks Indxx Magnificent 7 Index (-100%), while XLG tracks S&P 500 Top 50 Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.57% for QQQD and 0.20% for XLG.
XLG currently has the higher Sharpe Ratio (2.15 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.
Find the right allocation for QQQD and XLG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer