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

Correlation

The correlation between SPDN and QQQ is -0.90. 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.


-0.50.00.51.0
Correlation: -0.9

Performance

SPDN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bear 1x Shares (SPDN) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%NovemberDecember2025FebruaryMarchApril
-64.70%
309.64%
SPDN
QQQ

Key characteristics

Sharpe Ratio

SPDN:

0.19

QQQ:

-0.18

Sortino Ratio

SPDN:

0.42

QQQ:

-0.10

Omega Ratio

SPDN:

1.05

QQQ:

0.99

Calmar Ratio

SPDN:

0.04

QQQ:

-0.18

Martin Ratio

SPDN:

0.28

QQQ:

-0.70

Ulcer Index

SPDN:

9.74%

QQQ:

5.41%

Daily Std Dev

SPDN:

14.69%

QQQ:

21.28%

Max Drawdown

SPDN:

-70.87%

QQQ:

-82.98%

Current Drawdown

SPDN:

-66.64%

QQQ:

-21.54%

Returns By Period

In the year-to-date period, SPDN achieves a 10.12% return, which is significantly higher than QQQ's -17.20% return.


SPDN

YTD

10.12%

1M

7.20%

6M

8.36%

1Y

2.67%

5Y*

-14.23%

10Y*

N/A

QQQ

YTD

-17.20%

1M

-15.68%

6M

-13.00%

1Y

-2.32%

5Y*

18.97%

10Y*

15.79%

*Annualized

Compare stocks, funds, or ETFs

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


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 is 0.50%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPDN: 0.50%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

SPDN vs. QQQ — Risk-Adjusted Performance Rank

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

SPDN
The Risk-Adjusted Performance Rank of SPDN is 3636
Overall Rank
The Sharpe Ratio Rank of SPDN is 3939
Sharpe Ratio Rank
The Sortino Ratio Rank of SPDN is 4242
Sortino Ratio Rank
The Omega Ratio Rank of SPDN is 3838
Omega Ratio Rank
The Calmar Ratio Rank of SPDN is 3030
Calmar Ratio Rank
The Martin Ratio Rank of SPDN is 3232
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 1818
Overall Rank
The Sharpe Ratio Rank of QQQ is 1818
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 1919
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 1818
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 1818
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 1616
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


Sharpe ratio
The chart of Sharpe ratio for SPDN, currently valued at 0.18, compared to the broader market0.002.004.00
SPDN: 0.18
QQQ: -0.18
The chart of Sortino ratio for SPDN, currently valued at 0.41, compared to the broader market-2.000.002.004.006.008.0010.0012.00
SPDN: 0.41
QQQ: -0.10
The chart of Omega ratio for SPDN, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.00
SPDN: 1.05
QQQ: 0.99
The chart of Calmar ratio for SPDN, currently valued at 0.04, compared to the broader market0.005.0010.0015.00
SPDN: 0.04
QQQ: -0.18
The chart of Martin ratio for SPDN, currently valued at 0.27, compared to the broader market0.0020.0040.0060.0080.00100.00
SPDN: 0.27
QQQ: -0.70

The current SPDN Sharpe Ratio is 0.19, which is higher than the QQQ Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of SPDN and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.18
-0.18
SPDN
QQQ

Dividends

SPDN vs. QQQ - Dividend Comparison

SPDN's dividend yield for the trailing twelve months is around 4.36%, more than QQQ's 0.71% yield.


TTM20242023202220212020201920182017201620152014
SPDN
Direxion Daily S&P 500 Bear 1x Shares
4.36%5.32%5.84%0.96%0.00%0.10%1.88%1.24%0.42%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.71%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

SPDN vs. QQQ - Drawdown Comparison

The maximum SPDN drawdown since its inception was -70.87%, 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.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-66.64%
-21.54%
SPDN
QQQ

Volatility

SPDN vs. QQQ - Volatility Comparison

The current volatility for Direxion Daily S&P 500 Bear 1x Shares (SPDN) is 7.01%, while Invesco QQQ (QQQ) has a volatility of 10.78%. 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%4.00%6.00%8.00%10.00%NovemberDecember2025FebruaryMarchApril
7.01%
10.78%
SPDN
QQQ
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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