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EUM vs QQQD

ProShares Short MSCI Emerging Markets

EUMBNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

EUM0.95%QQQD0.50%

Avg volume · 30D

EUM 1.5×the volume

EUM99.6KQQQD68.1K

EUM vs QQQD Performance

Oct 31, 2025 – Oct 30, 2026

−12.0%EUM−0.7%QQQD

Oct 31, 2025 to Oct 30, 2026. EUM −12.0%. QQQD −0.7%. Use the arrow keys to read each point.−20%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
EUM 0.95%
QQQD 0.50%, better
Fund size
EUM $15M
QQQD $28M
1Y total return
EUM −12.0%
QQQD −0.7%, better
Yield (12M)
EUM 3.33%
QQQD 3.35%, better
Holdings
EUM 2
QQQD 3
Avg volume (30D)
EUM 99.6K sh, better
QQQD 68.1K sh
NAV per share
EUM $17.21
QQQD $12.18
52W range

ETF.net Grade

EUM: Cost 50, Risk 65, Mission not scored, Tradability 74, Holdings 63, Durability 57. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for EUM, QQQD, with each pillar’s weight
PillarEUMQQQD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB65B67Higher
Tradability15% weightA74HigherC43
Holdings10% weightB63Not scored
Durability5% weightB57HigherD38

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. EUM 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 ›

EUM ranks 8th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 7BEUOProShares UltraShort EuroScore 61
  2. Rank 8BEUMProShares Short MSCI Emerging MarketsScore 59
  3. Rank 8BREKProShares Short Real EstateScore 59
  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

EUMBProShares Short MSCI Emerging Markets

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

EUM The only US ETF built to track the MSCI Emerging Markets Index upside down, one-for-one, one day at a time. Its ProShares sibling doubles the move; this one keeps it at -1x. Fee: 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

EUM The Fund seeks daily investment results, before fees and expenses, that correspond to the inverse performance of the MSCI Emerging Markets Index.

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

  • EUM ProShares bills it as the only -1x ETF designed to profit when the MSCI Emerging Markets Index falls on the day. The leveraged sibling EEV targets -2x the same index.proshares.comproshares.com 2
  • Short emerging markets from a plain brokerage account: no margin, no stock borrow, one ticker.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.75% gross), near the typical leveraged-and-inverse fee and level with ProShares siblings DOG and PSQ at 0.95%.
  • Running since 2007, and one of the stronger implementations in the inverse and leveraged group, with trading deep enough for everyday order sizes.
  • 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

  • EUM The mandate resets daily. Hold past a day and compounding takes over, so results can drift well away from -1x, especially in choppy markets.proshares.com
  • If the waiver lapses after September 30, 2027, the sticker fee reverts toward the 1.75% gross ratio.
  • A small fund by ETF standards and moderately traded rather than deeply liquid, so spreads are worth a glance before you trade.
  • 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 EUM profile⁠

Full QQQD profile⁠

EUM 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.

EUM vs QQQD Cost

Overpaying EUM vs QQQD

$7,890

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

  • EUM 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • EUM 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$20K051015202530EUM $17,869QQQD $9,979

Year by year

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

Expense ratio

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

QQQD cheapest of 53 funds

EUM 6th cheapest of 53 funds

EUM vs QQQD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EUM 3.33%
QQQD 3.35%, better
Payout (12M)
EUM $0.57
QQQD $0.41
Last payment
EUM $0.13
QQQD $0.10
Ex-dividend
EUM Sep 23, 2026
QQQD Sep 22, 2026
Paid on
EUM Sep 29, 2026
QQQD Sep 29, 2026
Frequency
EUM Quarterly
QQQD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

EUMQuarterly · 25 paymentsAll EUM payments⁠
One bar per payment. 25 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.02; Sep 26, 2018 $0.08; Dec 26, 2018 $0.27; Mar 20, 2019 $0.09; Jun 25, 2019 $0.14; Sep 25, 2019 $0.13; Dec 24, 2019 $0.09; Mar 25, 2020 $0.04; Sep 21, 2022 $0.11; Dec 22, 2022 $0.14; Mar 22, 2023 $0.11; Jun 21, 2023 $0.28; Sep 20, 2023 $0.25; Dec 20, 2023 $0.44; Mar 20, 2024 $0.24; Jun 26, 2024 $0.31; Sep 25, 2024 $0.26; Dec 23, 2024 $0.32; Mar 26, 2025 $0.16; Jun 25, 2025 $0.21; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.08; Jun 24, 2026 $0.17; Sep 23, 2026 $0.13. 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

EUM vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EUM 15.7%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
EUM −1.26QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
EUM −50.9%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
EUM −0.72QQQD −1.35

EUM and QQQD in the news

All news⁠

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