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BZQ vs QQQD

ProShares UltraShort MSCI Brazil Capped

BZQCNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

BZQ0.95%QQQD0.50%

Avg volume · 30D

QQQD 6.5×the volume

BZQ10.4KQQQD68.1K

BZQ vs QQQD Performance

Oct 31, 2025 – Nov 2, 2026

−35.0%BZQ0.0%QQQD

Oct 31, 2025 to Nov 2, 2026. BZQ −35.0%. QQQD 0.0%. Use the arrow keys to read each point.−60%−20%20%Oct 2025May 2026Nov 2026
Expense ratio
BZQ 0.95%
QQQD 0.50%, better
Fund size
BZQ $2M
QQQD $28M
1Y total return
BZQ −35.0%
QQQD 0.0%, better
Yield (12M)
BZQ 6.74%, better
QQQD 3.32%
Holdings
BZQ 1
QQQD 3
Avg volume (30D)
BZQ 10.4K sh
QQQD 68.1K sh, better
NAV per share
BZQ $21.30
QQQD $12.39
52W range

ETF.net Grade

BZQ: Cost 50, Risk 37, Mission not scored, Tradability 30, Holdings not scored, Durability 41. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for BZQ, QQQD, with each pillar’s weight
PillarBZQQQQD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightD37B67Higher
Tradability15% weightD30C43Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC41HigherD38

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. BZQ 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 BZQ 32nd 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 31CJDSTDirexion Daily Junior Gold Miners Index Bear 2X ETFScore 41
  5. Rank 32CBZQProShares UltraShort MSCI Brazil CappedScore 40
  6. Rank 32CEEVProShares UltraShort MSCI Emerging MarketsScore 40

Our read on each fund

ETF.net Research

BZQCProShares UltraShort MSCI Brazil Capped

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

BZQ The only US ETF built to deliver twice the inverse of Brazil's large-cap index, and it has done that job since 2009. A one-day instrument, priced at 0.95% net of a waiver through September 30, 2027.

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

BZQ BZQ seeks daily results corresponding to two times the inverse performance of the MSCI Brazil 25/50 Index, before fees and expenses.

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

  • BZQ ProShares calls it the only -2x ETF designed to profit from declines in Brazilian stocks: one ticker instead of stacked single-name shorts or futures.proshares.com
  • 0.95% net of a waiver through September 30, 2027, near the category norm and level with ProShares' index shorts PSQ and DOG (each 0.95% net, waived to the same date).
  • Trading since June 2009, which covers several full Brazil boom-and-bust cycles. Old plumbing, well-worn mechanism.
  • The mandate is narrow and literal: -2x the daily move of the MSCI Brazil 25/50 Index, before fees and expenses. No manager calls, no hedging overlay.
  • 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

  • BZQ The objective resets daily. Hold past a day and compounding takes over, so longer-run results can drift well away from -2x, especially when Brazil whipsaws.proshares.com
  • Gross expenses run 2.71%; the 0.95% net depends on a waiver running through September 30, 2027.
  • Assets are small and trading is light for the category, so bid-ask spreads and order size matter more here than in a large index short.
  • 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 BZQ profile⁠

Full QQQD profile⁠

BZQ 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.

BZQ vs QQQD Cost

Overpaying BZQ vs QQQD

$7,890

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

  • BZQ 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • BZQ 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$20K051015202530BZQ $17,869QQQD $9,979

Year by year

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

Expense ratio

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

QQQD cheapest of 53 funds

BZQ 6th cheapest of 53 funds

BZQ vs QQQD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BZQ 6.74%, better
QQQD 3.32%
Payout (12M)
BZQ $1.46
QQQD $0.41
Last payment
BZQ $0.30
QQQD $0.10
Ex-dividend
BZQ Sep 23, 2026
QQQD Sep 22, 2026
Paid on
BZQ Sep 29, 2026
QQQD Sep 29, 2026
Frequency
BZQ Quarterly
QQQD Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

BZQQuarterly · 22 paymentsAll BZQ payments⁠
One bar per payment. 22 payments from 2018 to 2026 YTD. Dec 26, 2018 $1.61; Mar 20, 2019 $1.65; Jun 25, 2019 $1.46; Sep 25, 2019 $1.81; Dec 24, 2019 $1.31; Mar 25, 2020 $0.30; Dec 22, 2022 $0.18; Mar 22, 2023 $0.39; Jun 21, 2023 $0.47; Sep 20, 2023 $0.45; Dec 20, 2023 $0.50; Mar 20, 2024 $0.30; Jun 26, 2024 $0.40; Sep 25, 2024 $0.85; Dec 23, 2024 $0.95; Mar 26, 2025 $0.40; Jun 25, 2025 $0.35; Sep 24, 2025 $0.49; Dec 24, 2025 $0.59; Mar 25, 2026 $0.25; Jun 24, 2026 $0.32; Sep 23, 2026 $0.30. Use the arrow keys to read each point.$0$2202020232026YTD
QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2018 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$2202020232026YTD

BZQ vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BZQ 44.6%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
BZQ −0.54QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
BZQ −90.7%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
BZQ −0.58QQQD −1.35

BZQ and QQQD in the news

All news⁠

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