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BTCZ vs QQQD

T-Rex 2X Inverse Bitcoin Daily Target ETF

BTCZCCboe

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

BTCZ0.95%QQQD0.50%

Avg volume · 30D

BTCZ 271.3×the volume

BTCZ18.5MQQQD68.1K

BTCZ vs QQQD Performance

Oct 31, 2025 – Oct 30, 2026

+16.5%BTCZ−0.7%QQQD

Oct 31, 2025 to Oct 30, 2026. BTCZ +16.5%. QQQD −0.7%. Use the arrow keys to read each point.50%75%100%125%150%Oct 2025Apr 2026Oct 2026
Expense ratio
BTCZ 0.95%
QQQD 0.50%, better
Fund size
BTCZ $12M
QQQD $28M
1Y total return
BTCZ +16.5%, better
QQQD −0.7%
Yield (12M)
BTCZ 0.03%
QQQD 3.35%, better
Holdings
BTCZ 2
QQQD 3
Avg volume (30D)
BTCZ 18.5M sh, better
QQQD 68.1K sh
NAV per share
BTCZ $3.12
QQQD $12.18
52W range

ETF.net Grade

BTCZ: Cost 50, Risk 36, Mission not scored, Tradability 53, Holdings not scored, Durability 30. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for BTCZ, QQQD, with each pillar’s weight
PillarBTCZQQQD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightD36B67Higher
Tradability15% weightC53HigherC43
Holdings10% weightNot scoredNot scored
Durability5% weightD30D38Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BTCZ and QQQD are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

QQQD ranks 21st and BTCZ 26th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 21CEFZProShares Short MSCI EAFEScore 51
  2. Rank 21CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  3. Rank 23CZSLProShares UltraShort SilverScore 50
  4. Rank 25CETHDProShares UltraShort Ether ETFScore 47
  5. Rank 26CBTCZT-Rex 2X Inverse Bitcoin Daily Target ETFScore 46
  6. Rank 27CEPVProShares UltraShort FTSE EuropeScore 44

Our read on each fund

ETF.net Research

BTCZCT-Rex 2X Inverse Bitcoin Daily Target ETF

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

BTCZ No data

QQQD Fading the Magnificent 7 without a leverage multiplier: QQQD aims for -100% of the Indxx Magnificent 7 Index's daily move, one-for-one, at 0.50% net of a waiver through September 1, 2027.

Stated mandate

BTCZ No data

QQQD 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

BTCZ No data

  • QQQD One-for-one inverse, not 2x or 3x. A 1% index gain is designed to show up as roughly a 1% fund loss that day, and the reverse on down days, with no leverage stacked on top.direxion.com
  • 0.50% net of a waiver through September 1, 2027, below the category median and below the 0.95% at PSQ and DOG (net of waivers through September 30, 2027).
  • Surgical target: the short exposure is to the Magnificent 7 basket itself, not a broad Nasdaq index where those seven names get diluted by dozens of others.direxion.com
  • Despite launching in 2024, it stands in the upper half of a crowded bear and inverse peer group.

Worth knowing

BTCZ No data

  • QQQD Exposure resets every day. Hold longer than a day and compounding means the result can drift from the simple inverse of the index's move over that stretch.direxion.com
  • Seven mega-caps drive everything. One earnings surprise or one AI headline can move the whole basket, with no other holdings to soften it.direxion.com
  • That 0.50% is a net figure. Gross expenses run 1.08%, so the cost picture shifts if the waiver is not extended past September 1, 2027.

Full BTCZ profile⁠

Full QQQD profile⁠

BTCZ vs QQQD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BTCZ vs QQQD Cost

Overpaying BTCZ vs QQQD

$7,890

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BTCZ 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • BTCZ 0.95%
  • QQQD 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BTCZ $17,869QQQD $9,979

Year by year

YearBTCZQQQDOverpaying
10$1,678$900$778
20$6,322$3,460$2,862
30$17,869$9,979$7,890

Expense ratio

  • 0.95%BTCZ
  • 0.50%QQQD, cheaper
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

QQQD cheapest of 53 funds

BTCZ 6th cheapest of 53 funds

BTCZ vs QQQD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BTCZ 0.03%
QQQD 3.35%, better
Payout (12M)
BTCZ $0.001
QQQD $0.41
Last payment
BTCZ $0.001
QQQD $0.10
Ex-dividend
BTCZ Dec 24, 2025
QQQD Sep 22, 2026
Paid on
BTCZ No data
QQQD Sep 29, 2026
Frequency
BTCZ Annual
QQQD Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

BTCZAnnual · 2 paymentsAll BTCZ payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.005; Dec 24, 2025 $0.001. Use the arrow keys to read each point.$0$0.252026YTD
QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2024 to 2026 YTD. Jun 25, 2024 $0.32; Sep 24, 2024 $0.41; Dec 23, 2024 $0.15; Mar 25, 2025 $0.13; Jun 24, 2025 $0.20; Sep 23, 2025 $0.08; Dec 23, 2025 $0.15; Mar 24, 2026 $0.08; Jun 23, 2026 $0.09; Sep 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.252026YTD

BTCZ vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BTCZ 85.5%since Aug 2024QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
BTCZ −0.47since Aug 2024QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
BTCZ −91.1%since Jul 2024QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
BTCZ −1.36QQQD −1.35

BTCZ and QQQD in the news

All news⁠

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