Direxion Daily QCOM Bear 1X Shares
CThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$16.37−0.23 (−1.41%)
- 2.76%
- $3M
- −31.4%
- 3.34%
- 0M sh
- $16.50
- low $12.57high $29.55
The ETF.net QCMD Grade
C
Score 40 out of 100
- 31 of 58
Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 43
- This cap took
- −3
- Published Score
- 40
Cost
The fund’s net expense ratio, ranked against its category.F2 out of 100Rank 57 of 58Mission
Whether the fund did what it promised, tested against its stated mandate.A83 out of 100Rank 29 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 10 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D38 out of 100Rank 37 of 58Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C46 out of 100Rank 34 of 58
Our read on QCMD
COne ticker that leans against Qualcomm for a day, with no margin account and no borrowed shares. It is the unleveraged bear half of Direxion's QCOM pair, and you pay up for the convenience.
The fund seeks daily inverse investment results, before fees and expenses, corresponding to the performance of QUALCOMM Incorporated common shares.
Why people hold it
- Straight -1x: it aims to move opposite QCOM's daily change, without a margin account, borrowed stock, or exposure beyond the cash you put in.direxion.com
- One times, not two. In a cohort stacked with 2x inverse products like MSTZ and TSDD, this is the lower-octane setting on a single name.
- It has tracked its stated one-day inverse objective closely since launch, which is the whole job for a daily-reset fund.
Worth knowing
- The 2.76% expense ratio runs well above Direxion's own 1x bear funds on Apple (AAPD, 0.96%) and Tesla (TSLS, 0.95%).
- Daily reset: hold past one session and returns compound off a new base, so multi-day results can drift from a simple inverse of QCOM's move.
- Small and young (launched 2025). Single-stock funds with slim asset bases tend to carry wider spreads and a shorter leash from the issuer.
QCMD Holdings
- Other
- 4
- 1723%
- Qcom Swap Asset Leg (Qcommls)
QCMD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
QCMD$6,857
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | QCMD |
|---|---|
| Year to date | −21.8% |
| 1 month | +2.3% |
| 3 months | +4.1% |
| 1 year | −31.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | QCMD |
|---|---|---|
| 2026 YTD | −21.8% | |
| 2025 | −11.8% |
QCMD in the news
QCMD Dividends
- 3.34%
- $0.55
- $0.11 per share
- Quarterly
Distribution history
QCMD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 60.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.29
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −56.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −3.60
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QCMD Cost
2.76%
QCMD2.76%
- The middle half of Single-Stock Inverse funds
- Median 1.35%
41 of the 43 Single-Stock Inverse funds charge less.
Other funds in Single-Stock Inverse
- CPALDDirexion Daily PANW Bear 1X ETFExpense ratio 2.33%1 year return −56.5%
- CQBTZDefiance Daily Target 2X Short QBTS ETFExpense ratio 2.31%1 year return −92.9%
- CRKLZDefiance Daily Target 2X Short RKLB ETFExpense ratio 1.29%1 year return —
- CSMCZDaily Target 2X Short SMCI ETFExpense ratio 1.55%1 year return −90.3%
- CTSMZDirexion Daily TSM Bear 1X ETFExpense ratio 1.47%1 year return −43.3%