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QID vs QQQD

ProShares UltraShort QQQ

QIDBNYSE Arca

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QID0.95%QQQD0.50%

Avg volume · 30D

QID 416.1×the volume

QID28.3MQQQD68.1K

QID vs QQQD Performance

Oct 31, 2025 – Oct 30, 2026

−19.2%QID−0.7%QQQD

Oct 31, 2025 to Oct 30, 2026. QID −19.2%. QQQD −0.7%. Use the arrow keys to read each point.−30%−10%10%20%30%Oct 2025Apr 2026Oct 2026
Expense ratio
QID 0.95%
QQQD 0.50%, better
Fund size
QID $311M
QQQD $28M
1Y total return
QID −19.2%
QQQD −0.7%, better
Yield (12M)
QID 5.55%, better
QQQD 3.35%
Holdings
QID 8
QQQD 3
Avg volume (30D)
QID 28.3M sh, better
QQQD 68.1K sh
NAV per share
QID $15.09
QQQD $12.18
52W range

ETF.net Grade

QID: Cost 50, Risk 34, Mission 98, Tradability 90, Holdings 55, Durability 71. QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38.
Pillar letters and Scores for QID, QQQD, with each pillar’s weight
PillarQIDQQQD
Cost30% weightC50C50
Mission25% weightA98Not scored
Risk15% weightD34B67Higher
Tradability15% weightA90HigherC43
Holdings10% weightB55Not scored
Durability5% weightA71HigherD38

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. QID 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 ›

QID ranks 11th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 10BDXDProShares UltraShort Dow30Score 58
  2. Rank 11BQIDProShares UltraShort QQQScore 57
  3. Rank 12BSEFProShares Short FinancialsScore 56
  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

QIDBProShares UltraShort QQQ

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

In short

QID One of ProShares' original geared funds, live since 2006: QID aims for two times the inverse of the Nasdaq-100's daily move, resetting every night. Fee is 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

QID The fund seeks daily investment results, before fees and expenses, corresponding to two times the inverse performance of the Nasdaq-100 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

  • QID Day in, day out it lands close to its stated two-times-inverse target, one of the tighter implementations in the leveraged and inverse group.
  • Very actively traded, which matters when the holding period is measured in hours rather than years.
  • Same 0.95% net (waived through September 30, 2027) as single-short sibling PSQ, whose 0.95% net is waived to that same date, for twice the daily gear.
  • Trading since July 2006, through two decades of market cycles, and priced near the typical fee for leveraged and inverse funds.
  • 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

  • QID The mandate is one day only. Over longer stretches returns compound and usually differ from twice the inverse of the index, and volatility can hurt badly.sec.gov
  • ProShares' own filings say shareholders should actively manage and monitor these funds, as frequently as daily.sec.gov
  • Leverage runs both directions: a Nasdaq-100 that rises on the day moves this fund down about twice as much, before fees.
  • 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 QID profile⁠

Full QQQD profile⁠

QID 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.

QID vs QQQD Cost

Overpaying QID vs QQQD

$7,890

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

  • QID 0.95%

    $17,869

  • QQQD 0.50%

    $9,979

$10,000
30 years

Cost over time

  • QID 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$20K051015202530QID $17,869QQQD $9,979

Year by year

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

Expense ratio

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

QQQD cheapest of 53 funds

QID 6th cheapest of 53 funds

QID vs QQQD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QID 5.55%, better
QQQD 3.35%
Payout (12M)
QID $0.84
QQQD $0.41
Last payment
QID $0.17
QQQD $0.10
Ex-dividend
QID Sep 23, 2026
QQQD Sep 22, 2026
Paid on
QID Sep 29, 2026
QQQD Sep 29, 2026
Frequency
QID Quarterly
QQQD Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

QIDQuarterly · 26 paymentsAll QID payments⁠
One bar per payment. 26 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.81; Mar 21, 2018 $1.76; Jun 20, 2018 $2.70; Sep 26, 2018 $3.76; Dec 26, 2018 $4.92; Mar 20, 2019 $2.38; Jun 25, 2019 $4.14; Sep 25, 2019 $3.30; Dec 24, 2019 $2.09; Mar 25, 2020 $1.31; Dec 22, 2022 $0.19; Mar 22, 2023 $0.42; Jun 21, 2023 $0.67; Sep 20, 2023 $0.88; Dec 20, 2023 $1.03; Mar 20, 2024 $0.79; Jun 26, 2024 $0.78; Sep 25, 2024 $0.53; Dec 23, 2024 $0.51; Mar 26, 2025 $0.37; Jun 25, 2025 $0.28; Sep 24, 2025 $0.25; Dec 24, 2025 $0.37; Mar 25, 2026 $0.15; Jun 24, 2026 $0.15; Sep 23, 2026 $0.17. Use the arrow keys to read each point.$0$52017202020232026YTD
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$52017202020232026YTD

QID vs QQQD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QID 32.9%QQQD 21.1%since Apr 2024
Return per unit of riskSharpe ratio, 3 years
QID −1.37QQQD −1.14since Apr 2024
Worst fallMax drawdown, 5 years
QID −89.3%QQQD −51.4%since Mar 2024
Market sensitivityBeta, 5 years
QID −2.33QQQD −1.35

QID and QQQD in the news

All news⁠

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