WTID vs. QQQD
WTID (MicroSectors Energy -3X Inverse Leveraged ETN) and QQQD (Direxion Daily Magnificent 7 Bear 1X Shares) are both Inverse Equities funds - WTID tracks the Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%) while QQQD tracks the Indxx Magnificent 7 Index (-100%). Both are passively managed. Over the past year, WTID returned -74.04% vs -17.22% for QQQD. Their -0.06 correlation means they have often moved in opposite directions in the past. WTID charges 0.95%/yr vs 0.57%/yr for QQQD.
Performance
WTID vs. QQQD - Performance Comparison
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Returns By Period
In the year-to-date period, WTID achieves a -67.32% return, which is significantly lower than QQQD's -3.21% return.
WTID
- 1D
- 4.70%
- 1M
- -32.80%
- 6M
- -56.78%
- YTD
- -67.32%
- 1Y
- -74.04%
- 3Y*
- -45.60%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -43.47%
QQQD
- 1D
- -3.65%
- 1M
- -5.05%
- 6M
- -3.32%
- YTD
- -3.21%
- 1Y
- -17.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -21.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.19M | $1.24M | $1.71M | |
| $198.95K | $195.92K | $630.81K |
WTID vs. QQQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WTID MicroSectors Energy -3X Inverse Leveraged ETN | -67.32% | -44.50% | 8.19% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | -3.21% | -20.32% | -27.75% |
Correlation
The correlation between WTID and QQQD is -0.28, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024 | -0.06 |
Over the past year, the inverse relationship between WTID and QQQD has strengthened: their correlation has moved from -0.06 to -0.28, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
WTID vs. QQQD — Risk / Return Rank
WTID
QQQD
WTID vs. QQQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MicroSectors Energy -3X Inverse Leveraged ETN (WTID) 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.
| WTID | QQQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.89 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | -0.79 | -0.19 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.37 | -0.12 |
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Drawdowns
WTID vs. QQQD - Drawdown Comparison
The maximum WTID drawdown since its inception was -90.80%, which is greater than QQQD's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for WTID and QQQD.
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Drawdown Indicators
| WTID | QQQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.80% | -49.47% | -41.33% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -21.94% | -54.12% |
Max Drawdown (3Y)Largest decline over 3 years | -86.73% | — | — |
Current DrawdownCurrent decline from peak | -90.37% | -47.67% | -42.70% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -31.29% | -24.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 13.25% | +36.37% |
Volatility
WTID vs. QQQD - Volatility Comparison
MicroSectors Energy -3X Inverse Leveraged ETN (WTID) has a higher volatility of 23.44% compared to Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) at 8.82%. This indicates that WTID'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
| WTID | QQQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.44% | 8.82% | +14.62% |
Volatility (6M)Calculated over the trailing 6-month period | 56.62% | 17.95% | +38.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 22.54% | +46.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.60% | 27.02% | +43.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.60% | 27.02% | +43.58% |
WTID vs. QQQD - Expense Ratio Comparison
WTID has a 0.95% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Dividends
WTID vs. QQQD - Dividend Comparison
WTID has not paid dividends to shareholders, while QQQD's dividend yield for the trailing twelve months is around 3.18%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 3.18% | 4.33% | 5.17% |
WTID MicroSectors Energy -3X Inverse Leveraged ETN | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTID and QQQD have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTID has higher volatility (23.44%) compared to QQQD (8.82%). In terms of maximum drawdown, WTID dropped -90.80% vs QQQD's -49.47%.
On 1-year performance, QQQD leads with -17.22% vs -74.04% for WTID. On fees, QQQD is cheaper at 0.57% per year. On volatility, QQQD has been the lower-risk option at 8.82%. 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 -17.22% return vs -74.04%. 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 WTID.
QQQD has the higher dividend yield at 3.18%, compared with 0.00% for WTID.
WTID tracks Solactive MicroSectors Energy Index - Benchmark TR Gross (--300%), while QQQD tracks Indxx Magnificent 7 Index (-100%). They also come from different issuers: REX and Direxion. Their fees differ too: 0.95% for WTID and 0.57% for QQQD.
QQQD currently has the higher Sharpe Ratio (-0.77 vs -1.07), 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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