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QQQD vs RXD

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares UltraShort Health Care

RXDCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%RXD0.95%

Avg volume · 30D

QQQD 7.3×the volume

QQQD68.1KRXD9.3K

QQQD vs RXD Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD−39.8%RXD

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. RXD −39.8%. Use the arrow keys to read each point.−30%−20%−10%10%20%Oct 2025May 2026Oct 2026
Expense ratio
QQQD 0.50%, better
RXD 0.95%
Fund size
QQQD $28M
RXD $3M
1Y total return
QQQD −0.7%, better
RXD −39.8%
Yield (12M)
QQQD 3.35%
RXD 3.64%, better
Holdings
QQQD 3
RXD 1
Avg volume (30D)
QQQD 68.1K sh, better
RXD 9.3K sh
NAV per share
QQQD $12.18
RXD $12.36
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. RXD: Cost 50, Risk 47, Mission not scored, Tradability 25, Holdings not scored, Durability 45.
Pillar letters and Scores for QQQD, RXD, with each pillar’s weight
PillarQQQDRXD
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67HigherC47
Tradability15% weightC43HigherD25
Holdings10% weightNot scoredNot scored
Durability5% weightD38C45Higher

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 RXD 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 RXD 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 32CREWProShares UltraShort TechnologyScore 40
  5. Rank 32CRXDProShares UltraShort Health CareScore 40
  6. Rank 32CSBBProShares Short SmallCap600Score 40

Our read on each fund

ETF.net Research

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

RXDCProShares UltraShort Health Care

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.

RXD A sector-specific short: aims to deliver -2x the daily move of the S&P Health Care Select Sector Index inside a plain ETF wrapper. Trading since 2007, it resets every day, which makes it a short-horizon tool rather than a hold.

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.

RXD The fund seeks daily pre-fee and pre-expense returns equal to negative two times the daily performance of the S&P Health Care Select Sector SM 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.
  • RXD Inverse health care exposure without a margin account or a swap desk: -2x daily on the S&P Health Care Select Sector Index in a 1940 Act fund.proshares.com
  • Fee is 0.95% net of a waiver through September 30, 2027, against a 4.53% gross ratio, and near the median for leveraged and inverse funds.
  • Same 0.95% net sticker as ProShares' broad-index shorts DOG and PSQ, each also net of a waiver through September 30, 2027, so the sector focus costs no extra.
  • Launched January 2007, so this is one of the original leveraged and inverse sector funds, seasoned through many health care policy cycles.

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.
  • RXD The -2x target applies to a single day. Returns compound, so results over longer stretches can differ from twice the inverse of the index move.sec.gov
  • It has stayed small and trades thinly next to broad-index inverse siblings like PSQ and RWM, so bid-ask spreads can run wider.
  • One sector, doubled and flipped: FDA rulings, drug-pricing headlines and a few mega-cap pharma names swing it hard in both directions.

Full QQQD profile⁠

Full RXD profile⁠

QQQD vs RXD 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 RXD Cost

Overpaying RXD vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • RXD 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • RXD 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$20K051015202530RXD $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

RXD 6th cheapest of 53 funds

QQQD vs RXD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%
RXD 3.64%, better
Payout (12M)
QQQD $0.41
RXD $0.45
Last payment
QQQD $0.10
RXD $0.12
Ex-dividend
QQQD Sep 22, 2026
RXD Sep 23, 2026
Paid on
QQQD Sep 29, 2026
RXD Sep 29, 2026
Frequency
QQQD Quarterly
RXD 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$0.252017202020232026YTD
RXDQuarterly · 24 paymentsAll RXD payments⁠
One bar per payment. 24 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.01; Dec 26, 2018 $0.22; Mar 20, 2019 $0.26; Jun 25, 2019 $0.37; Sep 25, 2019 $0.35; Dec 24, 2019 $0.21; Mar 25, 2020 $0.07; Dec 23, 2021 $0.09; Dec 22, 2022 $0.16; Mar 22, 2023 $0.10; Jun 21, 2023 $0.22; Sep 20, 2023 $0.19; Dec 20, 2023 $0.24; Mar 20, 2024 $0.25; Jun 26, 2024 $0.38; Sep 25, 2024 $0.20; Dec 23, 2024 $0.20; Mar 26, 2025 $0.13; Jun 25, 2025 $0.12; Sep 24, 2025 $0.21; Dec 24, 2025 $0.14; Mar 25, 2026 $0.04; Jun 24, 2026 $0.14; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.252017202020232026YTD

QQQD vs RXD 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 2024RXD 28.9%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024RXD −0.85
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024RXD −56.1%
Market sensitivityBeta, 5 years
QQQD −1.35RXD −0.93

QQQD and RXD in the news

All news⁠

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