MYY vs QQQD

MYYCProShares Short MidCap400

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

MYY The only -1x ETF built on the S&P MidCap 400, trading since 2006. One ticker, one dose of inverse exposure to America's mid caps, and a target that resets at every close.

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

MYY MYY seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400.

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

• MYY Inverse funds pile into the S&P 500, Nasdaq and Dow. MYY is the only -1x ETF designed to rise when the S&P MidCap 400 falls on the day, so the mid-cap slice gets its own ticker.proshares.com
• 0.95% net of a waiver through September 30, 2027, near the typical inverse-fund fee and level with stablemates DOG and PSQ (each 0.95% net of waivers through September 30, 2027).
• Short exposure without a margin account or a borrow: you buy and sell it like any stock, and it has been doing this job since 2006, a long run for a daily-reset product.proshares.com

• 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

• MYY The target is one day's inverse move, reset at each close. Hold longer and compounding takes over, so multi-day results can differ from -1x the index's move over that stretch.
• That 0.95% leans on a fee waiver running through September 30, 2027. The gross expense ratio underneath is 2.95%.
• Small and thinly traded next to the headline inverse names, so spreads and limit orders matter more. Sibling MZZ targets -2x of the same index, with bigger daily swings.proshares.com

• 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 MYY profile⁠

Full QQQD profile⁠