QQQD vs. YQQQ

Last updated Jun 25, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%), while YQQQ is a Derivative Income fund actively managed by YieldMax. QQQD is passively managed, while YQQQ is actively managed. Over the past year, QQQD returned -12.65% vs -11.37% for YQQQ. Their correlation of 0.83 suggests significant overlap in exposure. QQQD charges 0.57%/yr vs 0.99%/yr for YQQQ.

Performance

QQQD vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QQQD achieves a 5.92% return, which is significantly higher than YQQQ's -6.68% return.

QQQD

• 1D: 0.97%
• 1M: 10.75%
• YTD: 5.92%
• 6M: 8.00%
• 1Y: -12.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: 0.53%
• 1M: -0.38%
• YTD: -6.68%
• 6M: -5.49%
• 1Y: -11.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	5.92%	-20.32%	-19.80%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-6.68%	-9.97%	-5.17%

Correlation

The correlation between QQQD and YQQQ is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024	0.83

The correlation between QQQD and YQQQ has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

Return for Risk

QQQD vs. YQQQ — Risk / Return Rank

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

QQQD

QQQD Risk / Return Rank: 5
QQQD Sharpe Ratio Rank: 4
QQQD Sortino Ratio Rank: 4
QQQD Omega Ratio Rank: 4
QQQD Calmar Ratio Rank: 5
QQQD Martin Ratio Rank: 5

YQQQ

YQQQ Risk / Return Rank: 3
YQQQ Sharpe Ratio Rank: 3
YQQQ Sortino Ratio Rank: 3
YQQQ Omega Ratio Rank: 3
YQQQ Calmar Ratio Rank: 5
YQQQ Martin Ratio Rank: 3

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. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.84	+0.23
Sortino ratio: Return per unit of downside risk	-0.78	-1.10	+0.32
Omega ratio: Gain probability vs. loss probability	0.91	0.87	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.52	-0.04
Martin ratio: Return relative to average drawdown	-0.89	-1.30	+0.42

QQQD vs. YQQQ - Sharpe Ratio Comparison

The current QQQD Sharpe Ratio is -0.61, which is comparable to the YQQQ Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of QQQD and YQQQ, 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. YQQQ - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for QQQD and YQQQ.

Drawdown Indicators

	QQQD	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	-29.10%	-20.37%
Max Drawdown (1Y) Largest decline over 1 year	-22.72%	-21.80%	-0.92%
Current Drawdown Current decline from peak	-42.73%	-26.38%	-16.35%
Average Drawdown Average peak-to-trough decline	-30.65%	-14.60%	-16.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.48%	8.83%	+5.65%

Volatility

QQQD vs. YQQQ - Volatility Comparison

Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a higher volatility of 7.24% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 6.14%. This indicates that QQQD's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQD	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	6.14%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	15.69%	11.17%	+4.52%
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	13.62%	+7.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.85%	16.58%	+10.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.85%	16.58%	+10.27%

QQQD vs. YQQQ - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than YQQQ's 0.99% expense ratio.

Dividends

QQQD vs. YQQQ - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 2.90%, less than YQQQ's 29.95% yield.

Position	TTM	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	2.90%	4.33%	5.17%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.95%	31.71%	7.88%

Frequently Asked Questions

Can I hold both QQQD and YQQQ in my portfolio?

QQQD and YQQQ have a correlation of 0.82, 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 YQQQ?

QQQD has higher volatility (7.24%) compared to YQQQ (6.14%). In terms of maximum drawdown, QQQD dropped -49.47% vs YQQQ's -29.10%.

Which ETF is better, QQQD or YQQQ?

On 1-year performance, YQQQ leads with -11.37% vs -12.65% for QQQD. On fees, QQQD is cheaper at 0.57% per year. On volatility, YQQQ has been the lower-risk option at 6.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQD or YQQQ?

Over the 1-year period, YQQQ has performed better with a -11.37% return vs -12.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQD or YQQQ?

QQQD is cheaper with a 0.57% expense ratio, compared with 0.99% for YQQQ.

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

YQQQ has the higher dividend yield at 29.95%, compared with 2.90% for QQQD.

What is the main difference between QQQD and YQQQ?

QQQD is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: Direxion and YieldMax. Their fees differ too: 0.57% for QQQD and 0.99% for YQQQ.

Which has better risk-adjusted returns?

QQQD currently has the higher Sharpe Ratio (-0.61 vs -0.84), 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.