Direxion Daily Magnificent 7 Bear 1X ETF
$11.72+0.09 (+0.73%)
- Expense ratio
- 1.08%
- Fund size
- $29M
- 1Y return
- −9.6%
- Yield · Last 12 months
- 4.28%
- Holdings
- 7
- Volume · 30D
- 0.1M sh
- NAV per share
- $12.07
- 52W range
The ETF.net QQQD Grade
Score 57 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 60Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on QQQD
BShorting seven stocks, not an index of five hundred. QQQD aims for 100% of the inverse of the Indxx Magnificent 7 Index each day, with no leverage attached: the plain-vanilla setting on a shelf stacked with 2x and 3x products.
The fund seeks daily investment results equal to 100% of the inverse performance of the Indxx Magnificent 7 Index, before fees and expenses.
Why people hold it
- At 1.08% a year, it comes in under the median expense ratio of its inverse and leveraged peer group, which sits closer to 1.21%.
- The -1x mandate means no multiplier: it aims to mirror the index's daily move one-for-one in reverse, so compounding effects are milder than in 2x or 3x siblings.direxion.com
- Most inverse equity funds short a whole benchmark. This one tracks the Indxx Magnificent 7 Index, so the short sits on seven megacaps rather than PSQ's full Nasdaq-100 lineup.
- Scores in the upper half of its inverse-fund cohort on our review, helped by cost and tradability rather than sheer size.
Worth knowing
- Daily reset: the objective is a one-day result. Hold longer and returns can drift meaningfully from the simple inverse of the index over that stretch.
- Launched in 2024 and still a small fund with moderate trading. Thinner books can mean wider spreads than the long-running inverse names.
- Seven names, no diversification cushion. A single megacap earnings surprise can move the whole basket.
QQQD Holdings
- Other
- 7
- 1703%
- DREYFUS GOVT CASH MAN INS
QQQD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | QQQD |
|---|---|
| Year to date | −8.5% |
| 1 month | −7.1% |
| 3 months | −11.6% |
| 1 year | −9.6% |
| 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 | QQQD |
|---|---|---|
| 2026 YTD | −8.5% | |
| 2025 | −20.3% | |
| 2024 | −27.6% |
QQQD in the news
ETF.net Research hasn’t filed on QQQD yet — coverage lands here as it’s written.
QQQD Dividends
- 4.28%
- $0.50
- $0.10 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 22, 2026 | Pays Sep 29, 2026 | $0.10 |
| Jun 23, 2026 | Jun 30, 2026 | $0.09 |
| Mar 24, 2026 | Mar 31, 2026 | $0.08 |
| Dec 23, 2025 | Dec 31, 2025 | $0.15 |
| Sep 23, 2025 | Sep 30, 2025 | $0.08 |
| Jun 24, 2025 | Jul 1, 2025 | $0.20 |
| Mar 25, 2025 | Apr 1, 2025 | $0.13 |
| Dec 23, 2024 | Dec 31, 2024 | $0.15 |
| Sep 24, 2024 | Oct 1, 2024 | $0.41 |
| Jun 25, 2024 | Jul 2, 2024 | $0.32 |
QQQD 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.
- 21.4%
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.
- −1.21
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.
- −50.6%
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.
- −1.38
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQQD Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
20 of the 53 Leveraged Inverse (2x & Other) funds charge less.