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QQQD vs REW

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares UltraShort Technology

REWCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%REW0.95%

Avg volume · 30D

QQQD 1.6×the volume

QQQD68.1KREW41.3K

QQQD vs REW Performance

Oct 31, 2025 – Nov 2, 2026

0.0%QQQD−35.1%REW

Oct 31, 2025 to Nov 2, 2026. QQQD 0.0%. REW −35.1%. Use the arrow keys to read each point.−20%20%Oct 2025May 2026Nov 2026
Expense ratio
QQQD 0.50%, better
REW 0.95%
Fund size
QQQD $28M
REW $4M
1Y total return
QQQD 0.0%, better
REW −35.1%
Yield (12M)
QQQD 3.32%
REW 5.98%, better
Holdings
QQQD 3
REW 1
Avg volume (30D)
QQQD 68.1K sh, better
REW 41.3K sh
NAV per share
QQQD $12.39
REW $12.13
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. REW: Cost 50, Risk 22, Mission not scored, Tradability 58, Holdings not scored, Durability 49.
Pillar letters and Scores for QQQD, REW, with each pillar’s weight
PillarQQQDREW
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67HigherF22
Tradability15% weightC43B58Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38C49Higher

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 REW 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 ›

QQQD ranks 21st and REW 32nd of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 21CEFZProShares Short MSCI EAFEScore 51
  2. Rank 21CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  3. Rank 23CZSLProShares UltraShort SilverScore 50
  4. Rank 32CQQDNProShares UltraShort QQQ MegaScore 40
  5. Rank 32CREWProShares UltraShort TechnologyScore 40
  6. Rank 32CRXDProShares UltraShort Health CareScore 40

Our read on each fund

ETF.net Research

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

REWCProShares UltraShort Technology

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.

REW The only -2x way to lean against US tech. REW targets twice the inverse of the S&P Technology Select Sector Index, reset every single day, at 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.

REW The Fund seeks daily investment results corresponding to -2x the daily performance of the S&P Technology 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.
  • REW ProShares bills it as the only -2x ETF built to rise when the tech sector falls on the day: a middle gear between single-short and triple-short products.proshares.com
  • 0.95% net of a waiver through September 30, 2027, matching stablemates PSQ and DOG (each 0.95% net of waivers through that same date) and sitting near the category median.
  • Listed in 2007, which makes it one of the longer-running geared tech funds on the tape.
  • The reference is the S&P Technology Select Sector Index, the mainstream large-cap tech gauge, not a custom or narrowed basket.proshares.com

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.
  • REW The -2x target applies to one day. Hold past that and compounding takes over, so results can drift away from -2x the index move, especially in choppy markets.proshares.com
  • Gross expenses run 2.84%. The 0.95% you actually pay rests on a waiver running through September 30, 2027, and waivers get renewed rather than locked in.
  • A small fund that trades lightly next to the big index shorts, so spreads and order size carry more weight here.

Full QQQD profile⁠

Full REW profile⁠

QQQD vs REW 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 REW Cost

Overpaying REW vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • REW 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • REW 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$20K051015202530REW $17,869QQQD $9,979

Year by year

YearQQQDREWOverpaying
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%REW
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

QQQD cheapest of 53 funds

REW 6th cheapest of 53 funds

QQQD vs REW Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
QQQD 3.32%
REW 5.98%, better
Payout (12M)
QQQD $0.41
REW $0.77
Last payment
QQQD $0.10
REW $0.07
Ex-dividend
QQQD Sep 22, 2026
REW Sep 23, 2026
Paid on
QQQD Sep 29, 2026
REW Sep 29, 2026
Frequency
QQQD Quarterly
REW Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

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
REWQuarterly · 25 paymentsAll REW payments⁠
One bar per payment. 25 payments from 2017 to 2026 YTD. Jun 20, 2018 $1.60; Sep 26, 2018 $4.13; Dec 26, 2018 $3.82; Mar 20, 2019 $4.48; Jun 25, 2019 $4.26; Sep 25, 2019 $3.91; Dec 24, 2019 $1.82; Mar 25, 2020 $0.62; Sep 21, 2022 $0.75; Dec 22, 2022 $0.38; Mar 22, 2023 $0.75; Jun 21, 2023 $1.08; Sep 20, 2023 $0.99; Dec 20, 2023 $1.05; Mar 20, 2024 $0.37; Jun 26, 2024 $0.60; Sep 25, 2024 $0.68; Dec 23, 2024 $0.66; Mar 26, 2025 $0.38; Jun 25, 2025 $0.37; Sep 24, 2025 $0.38; Dec 24, 2025 $0.34; Mar 25, 2026 $0.16; Jun 24, 2026 $0.20; Sep 23, 2026 $0.07. Use the arrow keys to read each point.$0$52017202020232026YTD

QQQD vs REW 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 2024REW 41.3%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024REW −1.35
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024REW −94.3%
Market sensitivityBeta, 5 years
QQQD −1.35REW −2.52

QQQD and REW in the news

All news⁠

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