TSXD vs. QQQE

Last updated Jun 30, 2026

TSXD (Direxion Daily Semiconductors Top 5 Bear 2X ETF) and QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) are both exchange-traded funds - TSXD is a Inverse Equities fund actively managed by Direxion, while QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index. TSXD is actively managed, while QQQE is passively managed. At a correlation of -0.69, they often move in opposite directions.

Performance

TSXD vs. QQQE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSXD achieves a -69.35% return, which is significantly lower than QQQE's 18.60% return.

TSXD

• 1D: -4.50%
• 1M: -18.13%
• YTD: -69.35%
• 6M: -69.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQE

• 1D: 1.91%
• 1M: 1.55%
• YTD: 18.60%
• 6M: 17.18%
• 1Y: 24.83%
• 3Y*: 17.12%
• 5Y*: 9.22%
• 10Y*: 15.65%

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

TSXD vs. QQQE - Yearly Performance Comparison

	2026 (YTD)	2025
TSXD Direxion Daily Semiconductors Top 5 Bear 2X ETF	-69.35%	-19.22%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	18.60%	0.86%

Correlation

The correlation between TSXD and QQQE is -0.69, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	-0.69

Return for Risk

TSXD vs. QQQE — Risk / Return Rank

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

TSXD

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

QQQE

QQQE Risk / Return Rank: 55
QQQE Sharpe Ratio Rank: 54
QQQE Sortino Ratio Rank: 51
QQQE Omega Ratio Rank: 50
QQQE Calmar Ratio Rank: 63
QQQE Martin Ratio Rank: 58

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.

TSXD vs. QQQE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD) and Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE). 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.

	TSXD	QQQE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.59	—
Sortino ratio: Return per unit of downside risk	—	2.19	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.65	—
Martin ratio: Return relative to average drawdown	—	8.84	—

Drawdowns

TSXD vs. QQQE - Drawdown Comparison

The maximum TSXD drawdown since its inception was -78.82%, which is greater than QQQE's maximum drawdown of -32.14%. Use the drawdown chart below to compare losses from any high point for TSXD and QQQE.

Drawdown Indicators

	TSXD	QQQE	Difference
Max Drawdown Largest peak-to-trough decline	-78.82%	-32.14%	-46.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.14%	—
Current Drawdown Current decline from peak	-76.38%	-1.29%	-75.09%
Average Drawdown Average peak-to-trough decline	-38.18%	-5.15%	-33.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.82%	—

Volatility

Volatility by Period

	TSXD	QQQE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	85.81%	15.70%	+70.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.81%	20.56%	+65.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.81%	20.75%	+65.06%

Dividends

TSXD vs. QQQE - Dividend Comparison

TSXD's dividend yield for the trailing twelve months is around 5.68%, more than QQQE's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.56%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%
TSXD Direxion Daily Semiconductors Top 5 Bear 2X ETF	5.68%	1.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSXD and QQQE in my portfolio?

TSXD and QQQE 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.

Which ETF pays a higher dividend yield, TSXD or QQQE?

TSXD has the higher dividend yield at 5.68%, compared with 0.56% for QQQE.

What is the main difference between TSXD and QQQE?

TSXD is categorized as Inverse Equities, while QQQE is Nasdaq-100.