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QQQD vs SJB

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares Short High Yield

SJBBNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%SJB0.95%

Avg volume · 30D

SJB 2.2×the volume

QQQD68.1KSJB147K

QQQD vs SJB Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD+3.2%SJB

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. SJB +3.2%. Use the arrow keys to read each point.−10%−5%10%15%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQD 0.50%, better
SJB 0.95%
Fund size
QQQD $28M
SJB $68M
1Y total return
QQQD −0.7%
SJB +3.2%, better
Yield (12M)
QQQD 3.35%, better
SJB 3.23%
Holdings
QQQD 3
SJB 2
Avg volume (30D)
QQQD 68.1K sh
SJB 147K sh, better
NAV per share
QQQD $12.18
SJB $15.44
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. SJB: Cost 50, Risk 75, Mission not scored, Tradability 75, Holdings 100, Durability 65.
Pillar letters and Scores for QQQD, SJB, with each pillar’s weight
PillarQQQDSJB
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67A75Higher
Tradability15% weightC43A75Higher
Holdings10% weightNot scoredA100
Durability5% weightD38B65Higher

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 SJB 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 ›

SJB ranks 5th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 4BRWMProShares Short Russell2000Score 63
  2. Rank 5BSJBProShares Short High YieldScore 62
  3. Rank 5BYCSProShares UltraShort YenScore 62
  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

SJBBProShares Short High Yield

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.

SJB One of the few single-ticker ways to take the other side of the junk bond market: SJB aims for the inverse (-1x) of the daily move in the Markit iBoxx $ Liquid High Yield Index, for 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.

SJB The fund seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Markit iBoxx $ Liquid High Yield 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.
  • SJB Short exposure to high yield credit through one ticker in an ordinary brokerage account: no margin account, no bond borrow, no short-sale plumbing.proshares.com
  • 0.95% net of a waiver through September 30, 2027, near the category median and level with ProShares stablemates DOG and PSQ (both 0.95% net of waivers to the same date).
  • Trading since 2011, so it is a seasoned tool rather than a recent launch, and it stands among the stronger implementations in its inverse-fund peer group.
  • The reference point is the liquid high yield benchmark itself, the Markit iBoxx $ Liquid High Yield Index, not a proxy basket of credit-sensitive stocks.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.
  • SJB The -1x objective is a one-day objective. Hold longer and daily compounding pushes results away from -1x of the index move, most of all after choppy credit markets.proshares.com
  • The 0.95% rate depends on the waiver. The gross expense ratio is 1.05%, which is what applies if the waiver is not extended past September 30, 2027.
  • A smaller, moderately traded fund, so spreads and order size deserve attention in a way they would not on a mega-cap index tracker.

Full QQQD profile⁠

Full SJB profile⁠

QQQD vs SJB 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 SJB Cost

Overpaying SJB vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • SJB 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SJB 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$20K051015202530SJB $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

SJB 6th cheapest of 53 funds

QQQD vs SJB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%, better
SJB 3.23%
Payout (12M)
QQQD $0.41
SJB $0.50
Last payment
QQQD $0.10
SJB $0.12
Ex-dividend
QQQD Sep 22, 2026
SJB Sep 23, 2026
Paid on
QQQD Sep 29, 2026
SJB Sep 29, 2026
Frequency
QQQD Quarterly
SJB 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
SJBQuarterly · 25 paymentsAll SJB payments⁠
One bar per payment. 25 payments from 2018 to 2026 YTD. Mar 21, 2018 $0.0046; Jun 20, 2018 $0.04; Sep 26, 2018 $0.05; Dec 26, 2018 $0.07; Mar 20, 2019 $0.06; Jun 25, 2019 $0.07; Sep 25, 2019 $0.07; Dec 24, 2019 $0.06; Mar 25, 2020 $0.01; Dec 22, 2022 $0.09; Mar 22, 2023 $0.10; Jun 21, 2023 $0.17; Sep 20, 2023 $0.18; Dec 20, 2023 $0.26; Mar 20, 2024 $0.17; Jun 26, 2024 $0.24; Sep 25, 2024 $0.20; Dec 23, 2024 $0.34; Mar 26, 2025 $0.10; Jun 25, 2025 $0.16; Sep 24, 2025 $0.17; Dec 24, 2025 $0.17; Mar 25, 2026 $0.03; Jun 24, 2026 $0.18; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.25202020232026YTD

QQQD vs SJB 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 2024SJB 4.4%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SJB −1.46
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SJB −13.3%
Market sensitivityBeta, 5 years
QQQD −1.35SJB −0.68

QQQD and SJB in the news

All news⁠

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