SMQ vs. QQQD

Last updated Jun 26, 2026

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. A 0.76 correlation means they provide meaningful diversification when combined. SMQ charges 1.50%/yr vs 0.57%/yr for QQQD.

Performance

SMQ vs. QQQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 1X Short Innovation 100 Monthly ETF (SMQ) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMQ achieves a -15.29% return, which is significantly lower than QQQD's 8.49% return.

SMQ

• 1D: 0.00%
• 1M: 3.71%
• YTD: -15.29%
• 6M: -13.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQD

• 1D: 2.43%
• 1M: 13.91%
• YTD: 8.49%
• 6M: 10.62%
• 1Y: -10.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMQ vs. QQQD - Yearly Performance Comparison

	2026 (YTD)	2025
SMQ Tradr 1X Short Innovation 100 Monthly ETF	-15.29%	0.13%
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	8.49%	0.09%

Correlation

The correlation between SMQ and QQQD is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 1, 2025	0.76

Return for Risk

SMQ vs. QQQD — Risk / Return Rank

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

SMQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QQQD

QQQD Risk / Return Rank: 6
QQQD Sharpe Ratio Rank: 5
QQQD Sortino Ratio Rank: 5
QQQD Omega Ratio Rank: 5
QQQD Calmar Ratio Rank: 6
QQQD Martin Ratio Rank: 6

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.

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.

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.

	SMQ	QQQD	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.49	—
Sortino ratio: Return per unit of downside risk	—	-0.60	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.46	—
Martin ratio: Return relative to average drawdown	—	-0.72	—

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.

Drawdown Indicators

	SMQ	QQQD	Difference
Max Drawdown Largest peak-to-trough decline	-27.62%	-49.47%	+21.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.67%	—
Current Drawdown Current decline from peak	-23.22%	-41.34%	+18.12%
Average Drawdown Average peak-to-trough decline	-8.95%	-30.67%	+21.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	14.29%	—

Volatility

Volatility by Period

	SMQ	QQQD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	21.00%	-2.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.29%	26.88%	-8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.29%	26.88%	-8.59%

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 8.90%, more than QQQD's 2.84% yield.

Position	TTM	2025	2024
QQQD Direxion Daily Magnificent 7 Bear 1X Shares	2.84%	4.33%	5.17%
SMQ Tradr 1X Short Innovation 100 Monthly ETF	8.90%	0.25%	0.00%

Frequently Asked Questions

Can I hold both SMQ and QQQD in my portfolio?

SMQ and QQQD have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMQ or QQQD?

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, SMQ or QQQD?

QQQD is cheaper with a 0.57% expense ratio, compared with 1.50% for SMQ.

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

SMQ has the higher dividend yield at 8.90%, compared with 2.84% for QQQD.

What is the main difference between SMQ and QQQD?

They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.50% for SMQ and 0.57% for QQQD.