QQQD vs SIJ

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

SIJCProShares UltraShort Industrials

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.

SIJ Wall Street's only two-times inverse play on the industrials sector in ETF form: one ticker, machinery-to-airlines exposure flipped upside down, reset at the end of every trading day since 2007.

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.

SIJ SIJ seeks, before fees and expenses, daily investment results equal to twice the inverse of the S&P Industrials Select Sector Index’s daily performance. It is intended to gain when the industrials sector declines.

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.

• SIJ ProShares calls it the only -2x ETF built to rise when the industrials sector falls on the day. No other wrapper offers that exact dial.proshares.com
• 0.95% net of a waiver through September 30, 2027, matching ProShares staples DOG and PSQ (both 0.95% net of waivers through the same date) and near the category median.
• Trading since January 2007, which makes it one of the original leveraged-inverse sector funds, built and run by the shop that pioneered them.
• Short exposure comes from swaps and futures on the index, not borrowed stock in a margin account.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.

• SIJ The -2x target resets daily. Hold longer and compounding can push results well away from -2x the index's move over that stretch, especially in choppy markets.proshares.com
• Gross expenses run 3.82% before the waiver, and that waiver runs out September 30, 2027. Renewal is up to ProShares.
• A small fund that trades lightly next to the broad-market inverse names, so spreads and execution costs carry more weight.

Full QQQD profile⁠

Full SIJ profile⁠