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EUO vs QQQD

ProShares UltraShort Euro

EUOBNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

0.0%by weight

Expense ratio

QQQD −0.45pt a year

EUO0.95%QQQD0.50%

Avg volume · 30D

QQQD 3.0×the volume

EUO22.3KQQQD68.1K

EUO vs QQQD Performance

Oct 31, 2025 – Nov 2, 2026

+11.0%EUO0.0%QQQD

Oct 31, 2025 to Nov 2, 2026. EUO +11.0%. QQQD 0.0%. Use the arrow keys to read each point.−5%5%15%20%Oct 2025May 2026Nov 2026
Expense ratio
EUO 0.95%
QQQD 0.50%, better
Fund size
EUO $45M
QQQD $28M
1Y total return
EUO +11.0%, better
QQQD 0.0%
Yield (12M)
EUO No data
QQQD 3.32%
Holdings
EUO 1
QQQD 3
Avg volume (30D)
EUO 22.3K sh
QQQD 68.1K sh, better
NAV per share
EUO $32.47
QQQD $12.39
52W range

ETF.net Grade

EUO: Cost 50, Risk 94, Mission not scored, Tradability 49, Holdings not scored, Durability 67. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for EUO, QQQD, with each pillar’s weight
PillarEUOQQQD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightA94HigherB67
Tradability15% weightC49HigherC43
Holdings10% weightNot scoredNot scored
Durability5% weightB67HigherD38

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. EUO 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 ›

EUO ranks 7th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 5BYCSProShares UltraShort YenScore 62
  2. Rank 7BEUOProShares UltraShort EuroScore 61
  3. Rank 8BREKProShares Short Real EstateScore 60
  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

EUOBProShares UltraShort Euro

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

EUO A single-purpose dollar-versus-euro tool: EUO aims to deliver twice the inverse of the euro's daily move against the dollar. Live since 2008, and priced under the typical leveraged or inverse fund.

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

EUO EUO seeks daily results, before fees and expenses, intended to deliver twice the inverse of the euro's daily price performance against the U.S. dollar.

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

  • EUO Aims for twice the inverse of the euro's daily move against the dollar, turning an FX view into an ordinary brokerage trade.proshares.com
  • 0.95% expense ratio, below the median for leveraged and inverse funds.
  • Running since 2008 on the same daily double-inverse euro mandate.
  • One of the stronger builds in its leveraged and inverse peer group, alongside ProShares' yen counterpart YCS.
  • 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

  • EUO The 2x resets daily. Hold longer and compounding takes over, so results over a stretch can diverge from twice the euro's move for that stretch.
  • A small, thinly traded fund, so spreads can widen. Limit orders matter more here than on a headline ETF.
  • Structured as a commodity pool rather than a standard stock fund, and it isn't built as an income payer.
  • 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 EUO profile⁠

Full QQQD profile⁠

EUO vs QQQD Holdings

How EUO and QQQD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of EUO and 0.0% of QQQD.

Level by level

  • Asset classAlternatives, Leveraged/Inverse0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for EUO and QQQD.

Country, concentration and asset class

Country by domicile

No country split for EUO.

Concentration

Weight in the 10 largest Holdings

  • EUO100.0%
  • QQQD3985.4%

Securities held

  • EUO0
  • QQQD0

Asset class

EUO
Alternatives
QQQD
Leveraged/Inverse

Holdings

  • Only in EUO0
  • In both0
  • Only in QQQD0

Only in EUO

0 securities, 0.0% of EUO by weight

Only in QQQD

0 securities, 0.0% of QQQD by weight

Weight gaps

EUO and QQQD share no securities.

All 3 EUO holdings⁠All 7 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.

EUO vs QQQD Cost

Overpaying EUO vs QQQD

$7,890

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

  • EUO 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • EUO 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$20K051015202530EUO $17,869QQQD $9,979

Year by year

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

Expense ratio

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

QQQD cheapest of 53 funds

EUO 6th cheapest of 53 funds

EUO vs QQQD Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
EUO No data
QQQD 3.32%
Payout (12M)
EUO None
QQQD $0.41
Last payment
EUO No data
QQQD $0.10
Ex-dividend
EUO No data
QQQD Sep 22, 2026
Paid on
EUO No data
QQQD Sep 29, 2026
Frequency
EUO No data
QQQD Quarterly

Distribution history

Per share, 2024 to 2026, same scale for both

EUOAll EUO payments⁠

No distribution history available.

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

EUO vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EUO 13.9%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
EUO −0.17QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
EUO −25.3%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
EUO −0.35QQQD −1.35

EUO and QQQD in the news

All news⁠

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