YQQQ vs. QQQD
Compare and contrast key facts about YieldMax Short N100 Option Income Strategy ETF (YQQQ) and Direxion Daily Magnificent 7 Bear 1X Shares (QQQD).
YQQQ and QQQD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024. QQQD is a passively managed fund by Direxion that tracks the performance of the Indxx Magnificent 7 Index (-100%). It was launched on Mar 6, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YQQQ or QQQD.
Correlation
The correlation between YQQQ and QQQD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
YQQQ vs. QQQD - Performance Comparison
Key characteristics
YQQQ:
20.06%
QQQD:
32.03%
YQQQ:
-11.11%
QQQD:
-36.25%
YQQQ:
-4.05%
QQQD:
-15.95%
Returns By Period
In the year-to-date period, YQQQ achieves a 9.49% return, which is significantly lower than QQQD's 23.86% return.
YQQQ
9.49%
3.09%
8.36%
N/A
N/A
N/A
QQQD
23.86%
6.29%
7.13%
-13.27%
N/A
N/A
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YQQQ vs. QQQD - Expense Ratio Comparison
YQQQ has a 0.99% expense ratio, which is higher than QQQD's 0.57% expense ratio.
Risk-Adjusted Performance
YQQQ vs. QQQD — Risk-Adjusted Performance Rank
YQQQ
QQQD
YQQQ vs. QQQD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Short N100 Option Income Strategy ETF (YQQQ) 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.
Not enough dataDividends
YQQQ vs. QQQD - Dividend Comparison
YQQQ's dividend yield for the trailing twelve months is around 16.60%, more than QQQD's 4.84% yield.
| TTM | 2024 | |
|---|---|---|
YQQQ YieldMax Short N100 Option Income Strategy ETF | 16.60% | 7.88% |
QQQD Direxion Daily Magnificent 7 Bear 1X Shares | 4.84% | 5.17% |
Drawdowns
YQQQ vs. QQQD - Drawdown Comparison
The maximum YQQQ drawdown since its inception was -11.11%, smaller than the maximum QQQD drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for YQQQ and QQQD. For additional features, visit the drawdowns tool.
Volatility
YQQQ vs. QQQD - Volatility Comparison
The current volatility for YieldMax Short N100 Option Income Strategy ETF (YQQQ) is 12.45%, while Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) has a volatility of 20.52%. This indicates that YQQQ experiences smaller price fluctuations and is considered to be less risky than QQQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.