QQQD vs. YQQQ
Compare and contrast key facts about Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ).
QQQD and YQQQ 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. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQD or YQQQ.
Correlation
The correlation between QQQD and YQQQ is -0.82. 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. YQQQ - Performance Comparison
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Key characteristics
QQQD:
32.42%
YQQQ:
20.17%
QQQD:
-36.25%
YQQQ:
-11.72%
QQQD:
-25.50%
YQQQ:
-11.10%
Returns By Period
In the year-to-date period, QQQD achieves a 9.79% return, which is significantly higher than YQQQ's 1.45% return.
QQQD
9.79%
-8.18%
4.23%
-19.27%
N/A
N/A
YQQQ
1.45%
-6.06%
2.79%
N/A
N/A
N/A
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QQQD vs. YQQQ - Expense Ratio Comparison
QQQD has a 0.57% expense ratio, which is lower than YQQQ's 0.99% expense ratio.
Risk-Adjusted Performance
QQQD vs. YQQQ — Risk-Adjusted Performance Rank
QQQD
YQQQ
QQQD vs. YQQQ - Risk-Adjusted Performance 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.
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Dividends
QQQD vs. YQQQ - Dividend Comparison
QQQD's dividend yield for the trailing twelve months is around 5.46%, less than YQQQ's 21.16% yield.
| TTM | 2024 | |
|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.46% | 5.17% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 21.16% | 7.88% |
Drawdowns
QQQD vs. YQQQ - Drawdown Comparison
The maximum QQQD drawdown since its inception was -36.25%, which is greater than YQQQ's maximum drawdown of -11.72%. Use the drawdown chart below to compare losses from any high point for QQQD and YQQQ. For additional features, visit the drawdowns tool.
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Volatility
QQQD vs. YQQQ - Volatility Comparison
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