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QQQD vs REK

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares Short Real Estate

REKBNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%REK0.95%

Avg volume · 30D

QQQD 3.2×the volume

QQQD68.1KREK21.4K

QQQD vs REK Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD−4.0%REK

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. REK −4.0%. Use the arrow keys to read each point.−10%5%10%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQD 0.50%, better
REK 0.95%
Fund size
QQQD $28M
REK $10M
1Y total return
QQQD −0.7%, better
REK −4.0%
Yield (12M)
QQQD 3.35%, better
REK 2.86%
Holdings
QQQD 3
REK 2
Avg volume (30D)
QQQD 68.1K sh, better
REK 21.4K sh
NAV per share
QQQD $12.18
REK $15.98
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. REK: Cost 50, Risk 78, Mission not scored, Tradability 62, Holdings 47, Durability 54.
Pillar letters and Scores for QQQD, REK, with each pillar’s weight
PillarQQQDREK
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67A78Higher
Tradability15% weightC43B62Higher
Holdings10% weightNot scoredC47
Durability5% weightD38C54Higher

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. QQQD and REK 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 ›

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

  1. Rank 8BEUMProShares Short MSCI Emerging MarketsScore 59
  2. Rank 8BREKProShares Short Real EstateScore 59
  3. Rank 10BDXDProShares UltraShort Dow30Score 58
  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

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

REKBProShares Short Real Estate

In short

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.

REK The calm way to lean against real estate: REK aims to deliver -1x the daily move of the S&P Real Estate Select Sector Index, with no extra leverage stacked on top. Fee is 0.95% net of a waiver through September 30, 2027.

Stated mandate

QQQD The fund seeks daily investment results equal to 100% of the inverse performance of the Indxx Magnificent 7 Index, before fees and expenses.

REK The fund seeks daily investment results, before fees and expenses, that correspond to the inverse of the daily performance of the S&P Real Estate Select Sector Index.

Why people hold it

  • 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.
  • REK ProShares bills it as the only -1x ETF on the real estate sector, so the bearish tilt arrives without -2x or -3x daily math on top.proshares.com
  • 0.95% net of a waiver through September 30, 2027, matching ProShares stablemates DOG and PSQ (both 0.95% net of waivers through the same date) and near the category median.
  • Listed in March 2010, it has been a live, tradable short-real-estate ticker through more than a decade of rate shocks and office-market stress.
  • Scores in the upper tier of a crowded inverse and leveraged peer group, one of the steadier builds in a corner known for rough edges.

Worth knowing

  • 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.
  • REK The -1x target resets every day. Hold it for weeks and compounding can pull your result away from -1x the index's path, most visibly in choppy markets.proshares.com
  • Small fund, light tape. Thin volume can widen the spread you pay getting in and out.
  • Gross expenses are 1.57%. That is the sticker price if the waiver is not renewed past September 30, 2027.

Full QQQD profile⁠

Full REK profile⁠

QQQD vs REK 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.

QQQD vs REK Cost

Overpaying REK vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • REK 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • REK 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530REK $17,869QQQD $9,979

Year by year

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

Expense ratio

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

QQQD cheapest of 53 funds

REK 6th cheapest of 53 funds

QQQD vs REK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%, better
REK 2.86%
Payout (12M)
QQQD $0.41
REK $0.46
Last payment
QQQD $0.10
REK $0.11
Ex-dividend
QQQD Sep 22, 2026
REK Sep 23, 2026
Paid on
QQQD Sep 29, 2026
REK Sep 29, 2026
Frequency
QQQD Quarterly
REK Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2018 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$0.25202020232026YTD
REKQuarterly · 23 paymentsAll REK payments⁠
One bar per payment. 23 payments from 2018 to 2026 YTD. Sep 26, 2018 $0.04; Dec 26, 2018 $0.10; Mar 20, 2019 $0.08; Jun 25, 2019 $0.11; Sep 25, 2019 $0.08; Dec 24, 2019 $0.05; Mar 25, 2020 $0.02; Dec 22, 2022 $0.10; Mar 22, 2023 $0.13; Jun 21, 2023 $0.17; Sep 20, 2023 $0.22; Dec 20, 2023 $0.31; Mar 20, 2024 $0.19; Jun 26, 2024 $0.31; Sep 25, 2024 $0.29; Dec 23, 2024 $0.29; Mar 26, 2025 $0.15; Jun 25, 2025 $0.14; Sep 24, 2025 $0.15; Dec 24, 2025 $0.15; Mar 25, 2026 $0.08; Jun 24, 2026 $0.12; Sep 23, 2026 $0.11. Use the arrow keys to read each point.$0$0.25202020232026YTD

QQQD vs REK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QQQD 21.1%since Apr 2024REK 16.5%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024REK −0.62
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024REK −26.9%
Market sensitivityBeta, 5 years
QQQD −1.35REK −0.85

QQQD and REK in the news

All news⁠

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