SRTY vs. QQQD
SRTY (ProShares UltraPro Short Russell2000) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both exchange-traded funds - SRTY is a Leveraged Equities fund tracking the Russell 2000 Index (-300%), while QQQD is a Inverse Equities fund tracking the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, SRTY returned -61.31% vs -16.16% for QQQD. A 0.52 correlation means they provide meaningful diversification when combined. SRTY charges 0.95%/yr vs 0.57%/yr for QQQD.
Performance
SRTY vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, SRTY achieves a -45.32% return, which is significantly lower than QQQD's -1.49% return.
SRTY
- 1D
- -1.04%
- 1M
- -2.05%
- 6M
- -34.59%
- YTD
- -45.32%
- 1Y
- -61.31%
- 3Y*
- -43.61%
- 5Y*
- -33.31%
- 10Y*
- -43.29%
QQQD
- 1D
- -0.63%
- 1M
- -3.78%
- 6M
- -1.61%
- YTD
- -1.49%
- 1Y
- -16.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SRTY vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SRTY ProShares UltraPro Short Russell2000 | -45.32% | -40.55% | -27.10% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -1.49% | -20.32% | -27.75% |
Correlation
The correlation between SRTY and QQQD is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.52 |
The correlation between SRTY and QQQD has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
SRTY vs. QQQD — Risk / Return Rank
SRTY
QQQD
SRTY vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) 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.
| SRTY | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.89 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.74 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.40 | -1.27 | -0.13 |
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Drawdowns
SRTY vs. QQQD - Drawdown Comparison
The maximum SRTY drawdown since its inception was -100.00%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for SRTY and QQQD.
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Drawdown Indicators
| SRTY | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -49.47% | -50.53% |
Max Drawdown (1Y)Largest decline over 1 year | -67.43% | -21.94% | -45.49% |
Max Drawdown (3Y)Largest decline over 3 years | -89.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.70% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -46.74% | -53.26% |
Average DrawdownAverage peak-to-trough decline | -94.16% | -30.96% | -63.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.94% | 12.97% | +30.97% |
Volatility
SRTY vs. QQQD - Volatility Comparison
ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 11.79% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 7.75%. This indicates that SRTY'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.
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Volatility by Period
| SRTY | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.79% | 7.75% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 42.69% | 16.58% | +26.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.23% | 21.34% | +36.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.52% | 26.81% | +40.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.25% | 26.81% | +41.44% |
SRTY vs. QQQD - Expense Ratio Comparison
SRTY has a 0.95% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
SRTY vs. QQQD - Dividend Comparison
SRTY's dividend yield for the trailing twelve months is around 8.40%, more than QQQD's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.12% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SRTY ProShares UltraPro Short Russell2000 | 8.40% | 6.87% | 9.40% | 4.93% | 0.17% | 0.00% | 0.95% | 2.13% | 0.70% | 0.04% |
Frequently Asked Questions
SRTY and QQQD have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRTY has higher volatility (11.79%) compared to QQQD (7.75%). In terms of maximum drawdown, SRTY dropped -100.00% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -16.16% vs -61.31% for SRTY. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 7.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQD has performed better with a -16.16% return vs -61.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQD is cheaper with a 0.57% expense ratio, compared with 0.95% for SRTY.
SRTY has the higher dividend yield at 8.40%, compared with 3.12% for QQQD.
SRTY is categorized as Leveraged Equities, while QQQD is Inverse Equities. SRTY tracks Russell 2000 Index (-300%), while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SRTY and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.76 vs -1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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