SMQ vs. QQQD
SMQ (Tradr 1X Short Innovation 100 Monthly ETF) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds. SMQ is actively managed, while QQQD is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. SMQ charges 1.50%/yr vs 0.57%/yr for QQQD.
Performance
SMQ vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, SMQ achieves a -15.77% return, which is significantly lower than QQQD's -0.26% return.
SMQ
- 1D
- 4.62%
- 1M
- -3.50%
- YTD
- -15.77%
- 6M
- -14.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQD
- 1D
- 3.96%
- 1M
- 3.12%
- YTD
- -0.26%
- 6M
- 0.95%
- 1Y
- -21.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMQ vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMQ Tradr 1X Short Innovation 100 Monthly ETF | -15.77% | 0.39% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -0.26% | 0.02% |
Correlation
The correlation between SMQ and QQQD is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025 | 0.81 |
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Return for Risk
SMQ vs. QQQD — Risk / Return Rank
SMQ
QQQD
SMQ vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 1X Short Innovation 100 Monthly ETF (SMQ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SMQ | QQQD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.47 | -0.82 | -0.65 |
Drawdowns
SMQ vs. QQQD - Drawdown Comparison
The maximum SMQ drawdown since its inception was -27.62%, smaller than the maximum QQQD drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for SMQ and QQQD.
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Drawdown Indicators
| SMQ | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.62% | -49.47% | +21.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -25.09% | — |
Current DrawdownCurrent decline from peak | -23.66% | -46.07% | +22.41% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -30.40% | +22.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.84% | — |
Volatility
SMQ vs. QQQD - Volatility Comparison
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Volatility by Period
| SMQ | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.18% | 20.64% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 26.87% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 26.87% | -7.69% |
SMQ vs. QQQD - Expense Ratio Comparison
SMQ has a 1.50% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
SMQ vs. QQQD - Dividend Comparison
SMQ's dividend yield for the trailing twelve months is around 0.29%, less than QQQD's 3.96% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.96% | 4.33% | 5.17% |
SMQ Tradr 1X Short Innovation 100 Monthly ETF | 0.29% | 0.25% | 0.00% |
Frequently Asked Questions
SMQ and QQQD have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QQQD is cheaper with a 0.57% expense ratio, compared with 1.50% for SMQ.
QQQD has the higher dividend yield at 3.96%, compared with 0.29% for SMQ.
They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.50% for SMQ and 0.57% for QQQD.
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