QQQD vs. ZIVB

Last updated Jun 4, 2026

QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) and ZIVB (-1x Short VIX Mid-Term Futures Strategy ETF) are both Inverse Equities funds. QQQD is passively managed, while ZIVB is actively managed. QQQD charges 0.57%/yr vs 1.35%/yr for ZIVB.

Performance

QQQD vs. ZIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQD

• 1D: 1.38%
• 1M: -1.88%
• YTD: -2.89%
• 6M: -2.43%
• 1Y: -21.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZIVB

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQD vs. ZIVB - Yearly Performance Comparison

	2026 (YTD)
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	3.64%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%

Return for Risk

QQQD vs. ZIVB — Risk / Return Rank

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

QQQD

QQQD Risk / Return Rank: 2
QQQD Sharpe Ratio Rank: 1
QQQD Sortino Ratio Rank: 1
QQQD Omega Ratio Rank: 2
QQQD Calmar Ratio Rank: 2
QQQD 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. ZIVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) and -1x Short VIX Mid-Term Futures Strategy ETF (ZIVB). 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	ZIVB	Difference
Sharpe ratio: Return per unit of total volatility	-1.08	—	—
Sortino ratio: Return per unit of downside risk	-1.55	—	—
Omega ratio: Gain probability vs. loss probability	0.83	—	—
Calmar ratio: Return relative to maximum drawdown	-0.82	—	—
Martin ratio: Return relative to average drawdown	-1.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QQQD	ZIVB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.86	—	—

Drawdowns

QQQD vs. ZIVB - Drawdown Comparison

The maximum QQQD drawdown since its inception was -49.47%, which is greater than ZIVB's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for QQQD and ZIVB.

Drawdown Indicators

	QQQD	ZIVB	Difference
Max Drawdown Largest peak-to-trough decline	-49.47%	0.00%	-49.47%
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	—	—
Current Drawdown Current decline from peak	-47.50%	0.00%	-47.50%
Average Drawdown Average peak-to-trough decline	-30.34%	0.00%	-30.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.72%	—	—

Volatility

Volatility by Period

	QQQD	ZIVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.21%	0.00%	+20.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.77%	0.00%	+26.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.77%	0.00%	+26.77%

QQQD vs. ZIVB - Expense Ratio Comparison

QQQD has a 0.57% expense ratio, which is lower than ZIVB's 1.35% expense ratio.

Dividends

QQQD vs. ZIVB - Dividend Comparison

QQQD's dividend yield for the trailing twelve months is around 4.07%, while ZIVB has not paid dividends to shareholders.

Position	TTM	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	4.07%	4.33%	5.17%
ZIVB -1x Short VIX Mid-Term Futures Strategy ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, QQQD or ZIVB?

On fees, QQQD is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQD or ZIVB?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.35% for ZIVB.

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

QQQD has the higher dividend yield at 4.07%, compared with 0.00% for ZIVB.

What is the main difference between QQQD and ZIVB?

They also come from different issuers: Direxion and Volatility Shares. Their fees differ too: 0.57% for QQQD and 1.35% for ZIVB.