TECS vs. QQQD
TECS (Direxion Daily Technology Bear 3X Shares) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds from Direxion - TECS tracks the Technology Select Sector Index (-300%) while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, TECS returned -69.62% vs -14.09% for QQQD. Their 0.76 correlation means they have sometimes moved together and sometimes differently. TECS charges 1.01%/yr vs 0.57%/yr for QQQD.
Performance
TECS vs. QQQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TECS achieves a -55.78% return, which is significantly lower than QQQD's 0.46% return.
TECS
- 1D
- 0.41%
- 1M
- 4.74%
- 6M
- -55.63%
- YTD
- -55.78%
- 1Y
- -69.62%
- 3Y*
- -59.51%
- 5Y*
- -54.69%
- 10Y*
- -60.95%
- ALL TIME*
- -57.85%
QQQD
- 1D
- -3.23%
- 1M
- -1.45%
- 6M
- 0.57%
- YTD
- 0.46%
- 1Y
- -14.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -20.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.12M | $1.26M | $1.70M | |
| $26.82M | $44.05M | $62.80M |
TECS vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -55.78% | -62.44% | -36.86% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 0.46% | -20.32% | -27.75% |
Correlation
The correlation between TECS and QQQD is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | 0.76 |
The correlation between TECS and QQQD has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TECS vs. QQQD — Risk / Return Rank
TECS
QQQD
TECS vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) 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.
| TECS | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.93 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.51 | -0.38 |
| Martin ratioReturn relative to average drawdown | -1.58 | -0.85 | -0.73 |
Loading charts...
Drawdowns
TECS vs. QQQD - Drawdown Comparison
The maximum TECS 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 TECS and QQQD.
Loading charts...
Drawdown Indicators
| TECS | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -49.47% | -50.53% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | -21.94% | -54.22% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -45.68% | -54.32% |
Average DrawdownAverage peak-to-trough decline | -96.78% | -31.27% | -65.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.80% | 13.19% | +29.61% |
Volatility
TECS vs. QQQD - Volatility Comparison
Direxion Daily Technology Bear 3X Shares (TECS) has a higher volatility of 29.88% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 8.15%. This indicates that TECS'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.
Loading charts...
Volatility by Period
| TECS | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.88% | 8.15% | +21.73% |
Volatility (6M)Calculated over the trailing 6-month period | 65.87% | 17.57% | +48.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.74% | 22.50% | +54.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.85% | 26.94% | +49.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.44% | 26.94% | +46.50% |
TECS vs. QQQD - Expense Ratio Comparison
TECS has a 1.01% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
TECS vs. QQQD - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.33%, more than QQQD's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.06% | 4.33% | 5.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TECS Direxion Daily Technology Bear 3X Shares | 7.33% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% |
Frequently Asked Questions
TECS and QQQD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECS has higher volatility (29.88%) compared to QQQD (8.15%). In terms of maximum drawdown, TECS dropped -100.00% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -14.09% vs -69.62% for TECS. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.15%. 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 -14.09% return vs -69.62%. 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 1.01% for TECS.
TECS has the higher dividend yield at 7.33%, compared with 3.06% for QQQD.
TECS tracks Technology Select Sector Index (-300%), while QQQD tracks Indxx Magnificent 7 Index (-100%). Their fees differ too: 1.01% for TECS and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.50 vs -0.88), 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.
Find the right allocation for TECS and QQQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer