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DXD vs QQQD

ProShares UltraShort Dow30

DXDBNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

DXD0.95%QQQD0.50%

Avg volume · 30D

DXD 32.8×the volume

DXD2.23MQQQD68.1K

DXD vs QQQD Performance

Oct 31, 2025 – Oct 30, 2026

−13.2%DXD−0.7%QQQD

Oct 31, 2025 to Oct 30, 2026. DXD −13.2%. QQQD −0.7%. Use the arrow keys to read each point.−20%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
DXD 0.95%
QQQD 0.50%, better
Fund size
DXD $42M
QQQD $28M
1Y total return
DXD −13.2%
QQQD −0.7%, better
Yield (12M)
DXD 3.58%, better
QQQD 3.35%
Holdings
DXD 3
QQQD 3
Avg volume (30D)
DXD 2.23M sh, better
QQQD 68.1K sh
NAV per share
DXD $17.67
QQQD $12.18
52W range

ETF.net Grade

DXD: Cost 50, Risk 48, Mission 100, Tradability 85, Holdings 55, Durability 62. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for DXD, QQQD, with each pillar’s weight
PillarDXDQQQD
Cost30% weightC50C50
Mission25% weightA100Not scored
Risk15% weightC48B67Higher
Tradability15% weightA85HigherC43
Holdings10% weightB55Not scored
Durability5% weightB62HigherD38

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. DXD 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 ›

DXD ranks 10th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 8BREKProShares Short Real EstateScore 59
  2. Rank 10BDXDProShares UltraShort Dow30Score 58
  3. Rank 11BQIDProShares UltraShort QQQScore 57
  4. Rank 21CEFZProShares Short MSCI EAFEScore 51
  5. Rank 21CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  6. Rank 23CZSLProShares UltraShort SilverScore 50

Our read on each fund

ETF.net Research

DXDBProShares UltraShort Dow30

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

DXD A 2006 original. DXD aims for twice the inverse of the Dow's daily move, resetting the clock every single day. Think of it as the double-strength version of the Dow bear trade, engineered for days, not quarters.

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

DXD DXD seeks daily, pre-expense returns equal to approximately twice the inverse of the Dow Jones Industrial Average's daily performance. It is designed to rise when the Index falls and decline when the Index rises.

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

  • DXD One of the originals. DXD listed July 11, 2006, in the first wave of leveraged and inverse ETFs, and has been running since before the 2008 crash.interactivebrokers.com
  • Does what the label says: -2x the Dow's daily return, measured NAV to NAV. It has hit that daily target tightly, one of the stronger implementations among bear funds.proshares.com
  • 0.95% net of a waiver through September 30, 2027, matching ProShares' other bear funds (DOG, PSQ and RWM each 0.95% net under waivers to the same date) and near the category median.
  • Actively traded for a fund of its size, which matters for a tool built to be held in short stretches rather than parked.
  • 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

  • DXD Daily reset means compounding. Hold longer than one day and the result can drift, sometimes a lot, from -2x the Dow's move over that stretch.proshares.com
  • That 0.95% is net of a waiver running to September 30, 2027. Gross is 1.09%, so the sticker price can step up if the waiver is not renewed.
  • Assets are small by ETF standards, well below the scale of the headline index funds it bets against. Payouts, when made, come on a quarterly cadence.
  • 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 DXD profile⁠

Full QQQD profile⁠

DXD 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.

DXD vs QQQD Cost

Overpaying DXD vs QQQD

$7,890

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

  • DXD 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • DXD 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$20K051015202530DXD $17,869QQQD $9,979

Year by year

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

Expense ratio

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

QQQD cheapest of 53 funds

DXD 6th cheapest of 53 funds

DXD vs QQQD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DXD 3.58%, better
QQQD 3.35%
Payout (12M)
DXD $0.63
QQQD $0.41
Last payment
DXD $0.15
QQQD $0.10
Ex-dividend
DXD Sep 23, 2026
QQQD Sep 22, 2026
Paid on
DXD Sep 29, 2026
QQQD Sep 29, 2026
Frequency
DXD Quarterly
QQQD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DXDQuarterly · 26 paymentsAll DXD payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.22; Mar 21, 2018 $0.28; Jun 20, 2018 $0.43; Sep 26, 2018 $0.61; Dec 26, 2018 $0.73; Mar 20, 2019 $0.47; Jun 25, 2019 $0.57; Sep 25, 2019 $0.50; Dec 24, 2019 $0.45; Mar 25, 2020 $0.19; Dec 22, 2022 $0.11; Mar 22, 2023 $0.25; Jun 21, 2023 $0.34; Sep 20, 2023 $0.34; Dec 20, 2023 $0.38; Mar 20, 2024 $0.25; Jun 26, 2024 $0.47; Sep 25, 2024 $0.41; Dec 23, 2024 $0.47; Mar 26, 2025 $0.23; Jun 25, 2025 $0.21; Sep 24, 2025 $0.21; Dec 24, 2025 $0.22; Mar 25, 2026 $0.11; Jun 24, 2026 $0.14; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$0.502017202020232026YTD
QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2017 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$0.502017202020232026YTD

DXD vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DXD 23.2%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
DXD −1.21QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
DXD −68.7%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
DXD −1.66QQQD −1.35

DXD and QQQD in the news

All news⁠

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