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QQQD vs SBIT

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares UltraShort Bitcoin ETF

SBITCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%SBIT0.95%

Avg volume · 30D

SBIT 14.1×the volume

QQQD68.1KSBIT960K

QQQD vs SBIT Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD+24.0%SBIT

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. SBIT +24.0%. Use the arrow keys to read each point.50%75%100%125%150%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQD 0.50%, better
SBIT 0.95%
Fund size
QQQD $28M
SBIT $125M
1Y total return
QQQD −0.7%
SBIT +24.0%, better
Yield (12M)
QQQD 3.35%
SBIT 8.49%, better
Holdings
QQQD 3
SBIT 1
Avg volume (30D)
QQQD 68.1K sh
SBIT 960K sh, better
NAV per share
QQQD $12.18
SBIT $35.70
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. SBIT: Cost 50, Risk 38, Mission 27, Tradability 72, Holdings not scored, Durability 56.
Pillar letters and Scores for QQQD, SBIT, with each pillar’s weight
PillarQQQDSBIT
Cost30% weightC50C50
Mission25% weightNot scoredD27
Risk15% weightB67HigherD38
Tradability15% weightC43A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38B56Higher

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 SBIT 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 ›

SBIT ranks 17th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 15CSETHProShares Short Ether ETFScore 53
  2. Rank 17CSBITProShares UltraShort Bitcoin ETFScore 52
  3. Rank 17CSKFProShares UltraShort FinancialsScore 52
  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

SBITCProShares UltraShort Bitcoin ETF

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.

SBIT The original inverse-bitcoin geared ETF: SBIT launched in 2024 targeting -2x the daily move in bitcoin, built from futures and swaps rather than an actual short position, and reset every day.

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.

SBIT The fund targets returns equal to negative two times the daily performance of bitcoin.

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.
  • SBIT First mover. ProShares launched SBIT in 2024 as the first ETF to target -2x daily bitcoin returns, debuting next to its 2x sibling.proshares.com
  • No margin account, no coin borrow, no wallet. The fund holds bitcoin futures and swaps, so the inverse exposure shows up in an ordinary brokerage account.proshares.comproshares.com 2
  • 0.95% a year, near the category norm for geared and inverse funds, with no waiver propping it up. It also trades actively, which helps on the way in and out.
  • Scores in the upper half of its inverse and leveraged peer group, a crowd where plenty of competitors are thinner and less traded.

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.
  • SBIT The -2x target is a one-day target. Over longer stretches, daily resetting and compounding mean results can diverge from -2x bitcoin's move for the period.proshares.com
  • It does not short bitcoin itself. Exposure runs through futures and swaps, which adds counterparty and roll considerations on top of bitcoin's own price risk.proshares.comproshares.com 2
  • Doubling and flipping bitcoin's daily swings is a volatile ride, and ProShares frames these funds as short-holding-period tools meant to be monitored daily.proshares.com

Full QQQD profile⁠

Full SBIT profile⁠

QQQD vs SBIT 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 SBIT Cost

Overpaying SBIT vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • SBIT 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SBIT 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$20K051015202530SBIT $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

SBIT 6th cheapest of 53 funds

QQQD vs SBIT Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%
SBIT 8.49%, better
Payout (12M)
QQQD $0.41
SBIT $3.03
Last payment
QQQD $0.10
SBIT $0.06
Ex-dividend
QQQD Sep 22, 2026
SBIT Oct 1, 2026
Paid on
QQQD Sep 29, 2026
SBIT Oct 7, 2026
Frequency
QQQD Quarterly
SBIT Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

QQQDQuarterly · 10 paymentsAll QQQD payments⁠
One bar per payment. 10 payments from 2024 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$12026YTD
SBITMonthly · 26 paymentsAll SBIT payments⁠
One bar per payment. 26 payments from 2024 to 2026 YTD. May 1, 2024 $0.14; Jun 3, 2024 $0.22; Jul 1, 2024 $0.16; Aug 1, 2024 $0.06; Sep 3, 2024 $0.0081; Dec 23, 2024 $0.0036; Feb 3, 2025 $0.0074; Mar 3, 2025 $0.01; Apr 1, 2025 $0.0022; Jun 2, 2025 $0.0048; Jul 1, 2025 $0.0099; Aug 1, 2025 $0.04; Sep 2, 2025 $0.05; Oct 1, 2025 $0.04; Nov 3, 2025 $0.04; Dec 1, 2025 $0.02; Dec 24, 2025 $0.0052; Feb 2, 2026 $0.34; Mar 2, 2026 $1.11; Apr 1, 2026 $0.26; May 1, 2026 $0.03; Jun 1, 2026 $0.05; Jul 1, 2026 $0.43; Aug 3, 2026 $0.52; Sep 1, 2026 $0.16; Oct 1, 2026 $0.06. Use the arrow keys to read each point.$0$12026YTD

QQQD vs SBIT 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 2024SBIT 86.0%since May 2024
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SBIT −0.49since May 2024
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SBIT −91.3%since Apr 2024
Market sensitivityBeta, 5 years
QQQD −1.35SBIT −2.48

QQQD and SBIT in the news

All news⁠

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