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SPDN vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SPDNQQQ
YTD Return-6.48%9.03%
1Y Return-15.86%37.37%
3Y Return (Ann)-6.80%11.70%
5Y Return (Ann)-13.54%20.11%
Sharpe Ratio-1.402.35
Daily Std Dev11.51%16.21%
Max Drawdown-67.80%-82.98%
Current Drawdown-67.48%-0.10%

Correlation

-0.50.00.51.0-0.9

The correlation between SPDN and QQQ is -0.89. 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

SPDN vs. QQQ - Performance Comparison

In the year-to-date period, SPDN achieves a -6.48% return, which is significantly lower than QQQ's 9.03% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-100.00%0.00%100.00%200.00%300.00%December2024FebruaryMarchAprilMay
-65.59%
329.54%
SPDN
QQQ

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Direxion Daily S&P 500 Bear 1x Shares

Invesco QQQ

SPDN vs. QQQ - Expense Ratio Comparison

SPDN has a 0.50% expense ratio, which is higher than QQQ's 0.20% expense ratio.


SPDN
Direxion Daily S&P 500 Bear 1x Shares
Expense ratio chart for SPDN: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Risk-Adjusted Performance

SPDN vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bear 1x Shares (SPDN) and Invesco QQQ (QQQ). 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.


SPDN
Sharpe ratio
The chart of Sharpe ratio for SPDN, currently valued at -1.40, compared to the broader market0.002.004.00-1.40
Sortino ratio
The chart of Sortino ratio for SPDN, currently valued at -1.97, compared to the broader market-2.000.002.004.006.008.0010.00-1.97
Omega ratio
The chart of Omega ratio for SPDN, currently valued at 0.79, compared to the broader market0.501.001.502.002.500.79
Calmar ratio
The chart of Calmar ratio for SPDN, currently valued at -0.24, compared to the broader market0.002.004.006.008.0010.0012.0014.00-0.24
Martin ratio
The chart of Martin ratio for SPDN, currently valued at -1.42, compared to the broader market0.0020.0040.0060.0080.00-1.42
QQQ
Sharpe ratio
The chart of Sharpe ratio for QQQ, currently valued at 2.35, compared to the broader market0.002.004.002.35
Sortino ratio
The chart of Sortino ratio for QQQ, currently valued at 3.20, compared to the broader market-2.000.002.004.006.008.0010.003.20
Omega ratio
The chart of Omega ratio for QQQ, currently valued at 1.40, compared to the broader market0.501.001.502.002.501.40
Calmar ratio
The chart of Calmar ratio for QQQ, currently valued at 2.08, compared to the broader market0.002.004.006.008.0010.0012.0014.002.08
Martin ratio
The chart of Martin ratio for QQQ, currently valued at 11.47, compared to the broader market0.0020.0040.0060.0080.0011.47

SPDN vs. QQQ - Sharpe Ratio Comparison

The current SPDN Sharpe Ratio is -1.40, which is lower than the QQQ Sharpe Ratio of 2.35. The chart below compares the 12-month rolling Sharpe Ratio of SPDN and QQQ.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00December2024FebruaryMarchAprilMay
-1.40
2.35
SPDN
QQQ

Dividends

SPDN vs. QQQ - Dividend Comparison

SPDN's dividend yield for the trailing twelve months is around 6.69%, more than QQQ's 0.59% yield.


TTM20232022202120202019201820172016201520142013
SPDN
Direxion Daily S&P 500 Bear 1x Shares
6.69%5.84%0.96%0.00%0.10%1.89%1.24%0.42%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.59%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.01%

Drawdowns

SPDN vs. QQQ - Drawdown Comparison

The maximum SPDN drawdown since its inception was -67.80%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SPDN and QQQ. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-67.48%
-0.10%
SPDN
QQQ

Volatility

SPDN vs. QQQ - Volatility Comparison

The current volatility for Direxion Daily S&P 500 Bear 1x Shares (SPDN) is 3.41%, while Invesco QQQ (QQQ) has a volatility of 4.93%. This indicates that SPDN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%December2024FebruaryMarchAprilMay
3.41%
4.93%
SPDN
QQQ