QQQU vs. QQQD
Compare and contrast key facts about Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD).
QQQU and QQQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQQU is a passively managed fund by Direxion that tracks the performance of the The Indxx Magnificent 7 Index (200%). It was launched on Mar 6, 2024. 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. Both QQQU and QQQD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QQQU or QQQD.
Correlation
The correlation between QQQU and QQQD is -0.99. 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
QQQU vs. QQQD - Performance Comparison
Key characteristics
QQQU:
0.52
QQQD:
-0.58
QQQU:
1.00
QQQD:
-0.74
QQQU:
1.13
QQQD:
0.92
QQQU:
0.69
QQQD:
-0.43
QQQU:
1.69
QQQD:
-0.68
QQQU:
16.38%
QQQD:
22.75%
QQQU:
53.51%
QQQD:
26.57%
QQQU:
-40.22%
QQQD:
-36.25%
QQQU:
-38.01%
QQQD:
-20.89%
Returns By Period
In the year-to-date period, QQQU achieves a -29.36% return, which is significantly lower than QQQD's 16.59% return.
QQQU
-29.36%
-18.08%
-6.14%
26.37%
N/A
N/A
QQQD
16.59%
9.37%
0.46%
-15.06%
N/A
N/A
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QQQU vs. QQQD - Expense Ratio Comparison
QQQU has a 1.07% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Risk-Adjusted Performance
QQQU vs. QQQD — Risk-Adjusted Performance Rank
QQQU
QQQD
QQQU vs. QQQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD). 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.
Dividends
QQQU vs. QQQD - Dividend Comparison
QQQU's dividend yield for the trailing twelve months is around 4.04%, less than QQQD's 5.14% yield.
| TTM | 2024 | |
|---|---|---|
QQQU Direxion Daily Magnificent 7 Bull 2X Shares | 4.04% | 2.74% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 5.14% | 5.17% |
Drawdowns
QQQU vs. QQQD - Drawdown Comparison
The maximum QQQU drawdown since its inception was -40.22%, which is greater than QQQD's maximum drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for QQQU and QQQD. For additional features, visit the drawdowns tool.
Volatility
QQQU vs. QQQD - Volatility Comparison
Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a higher volatility of 21.79% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 10.79%. This indicates that QQQU's price experiences larger fluctuations and is considered to be riskier than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.