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QQQD vs SKF

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares UltraShort Financials

SKFCNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%SKF0.95%

Avg volume · 30D

QQQD 2.4×the volume

QQQD65.9KSKF27.4K

QQQD vs SKF Performance

Nov 7, 2025 – Nov 9, 2026

−5.0%QQQD−17.1%SKF

Nov 7, 2025 to Nov 9, 2026. QQQD −5.0%. SKF −17.1%. Use the arrow keys to read each point.−10%0%10%20%Nov 2025May 2026Nov 2026
Expense ratio
QQQD 0.50%, better
SKF 0.95%
Fund size
QQQD $27M
SKF $11M
1Y total return
QQQD −5.0%, better
SKF −17.1%
Yield (12M)
QQQD 3.38%
SKF 4.10%, better
Holdings
QQQD 4
SKF 2
Avg volume (30D)
QQQD 65.9K sh, better
SKF 27.4K sh
NAV per share
QQQD $12.56
SKF $22.87
52W range

ETF.net Grade

QQQD: Cost 50, Risk 66, Mission not scored, Tradability 43, Holdings not scored, Durability 39. SKF: Cost 50, Risk 45, Mission not scored, Tradability 61, Holdings 44, Durability 54.
Pillar letters and Scores for QQQD, SKF, with each pillar’s weight
PillarQQQDSKF
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherC45
Tradability15% weightC43B61Higher
Holdings10% weightNot scoredC44
Durability5% weightD39C54Higher

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 SKF 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 20th and SKF 20th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 20CEFZProShares Short MSCI EAFEScore 51
  2. Rank 20CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  3. Rank 20CSKFProShares UltraShort FinancialsScore 51
  4. Rank 23CZSLProShares UltraShort SilverScore 50

Our read on each fund

ETF.net Research

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

SKFCProShares UltraShort Financials

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.

SKF The only -2x bear fund on the financials sector, live since January 2007, just ahead of the sector's defining crash. It aims to deliver twice the inverse of the S&P Financial Select Sector Index's daily move. 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.

SKF The fund seeks daily results, before fees and expenses, equal to -2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide inverse exposure when the financials 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.
  • SKF ProShares calls it the only -2x inverse ETF on the financials sector; sibling SEF rides the same index at -1x (0.95% net of a waiver through September 30, 2027).proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.54% gross), near the median fee for leveraged-bear funds.
  • Trading since January 30, 2007, through the financial crisis and everything after: a long public record of how daily-reset leverage behaves.proshares.com
  • The reference index measures financial companies inside the S&P 500, so the short is aimed at large-cap banks, insurers and capital-markets firms.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.
  • SKF Leverage resets daily. Hold longer and compounding pushes results away from -2x, with choppy markets grinding hardest.proshares.com
  • Small assets and light trading by ETF standards, so bid/ask spreads matter more going in and out.
  • The 0.95% leans on a contractual waiver; gross runs 1.54% if it is not extended past September 30, 2027.

Full QQQD profile⁠

Full SKF profile⁠

QQQD vs SKF 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 SKF Cost

Overpaying SKF vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • SKF 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SKF 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$20K051015202530SKF $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

SKF 6th cheapest of 53 funds

QQQD vs SKF Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQQD 3.38%
SKF 4.10%, better
Payout (12M)
QQQD $0.41
SKF $0.91
Last payment
QQQD $0.10
SKF $0.19
Ex-dividend
QQQD Sep 22, 2026
SKF Sep 23, 2026
Paid on
QQQD Sep 29, 2026
SKF Sep 29, 2026
Frequency
QQQD Quarterly
SKF 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$12017202020232026YTD
SKFQuarterly · 22 paymentsAll SKF payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 26, 2018 $0.23; Mar 20, 2019 $0.57; Jun 25, 2019 $0.88; Sep 25, 2019 $0.68; Dec 24, 2019 $0.68; Mar 25, 2020 $0.13; Dec 22, 2022 $0.03; Mar 22, 2023 $0.29; Jun 21, 2023 $0.69; Sep 20, 2023 $0.62; Dec 20, 2023 $0.71; Mar 20, 2024 $0.54; Jun 26, 2024 $1.08; Sep 25, 2024 $0.59; Dec 23, 2024 $0.58; Mar 26, 2025 $0.36; Jun 25, 2025 $0.36; Sep 24, 2025 $0.35; Dec 24, 2025 $0.35; Mar 25, 2026 $0.13; Jun 24, 2026 $0.24; Sep 23, 2026 $0.19. Use the arrow keys to read each point.$0$12017202020232026YTD

QQQD vs SKF 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 2024SKF 28.5%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SKF −1.26
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SKF −74.8%
Market sensitivityBeta, 5 years
QQQD −1.38SKF −1.45

QQQD and SKF in the news

All news⁠

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