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QQQD vs SKRE

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

Tuttle Capital Daily 2X Inverse Regional Banks ETF

SKREDNasdaq

Overlap

0.0%by weight

Expense ratio

QQQD −0.25pt a year

QQQD0.50%SKRE0.75%

Avg volume · 30D

QQQD 1.8×the volume

QQQD68.1KSKRE38.5K

QQQD vs SKRE Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD−39.3%SKRE

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. SKRE −39.3%. Use the arrow keys to read each point.−20%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQD 0.50%, better
SKRE 0.75%
Fund size
QQQD $28M
SKRE $5M
1Y total return
QQQD −0.7%, better
SKRE −39.3%
Yield (12M)
QQQD 3.35%, better
SKRE 0.35%
Holdings
QQQD 3
SKRE 2
Avg volume (30D)
QQQD 68.1K sh, better
SKRE 38.5K sh
NAV per share
QQQD $12.18
SKRE $6.48
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. SKRE: Cost 50, Risk 29, Mission 100, Tradability 29, Holdings not scored, Durability 25.
Pillar letters and Scores for QQQD, SKRE, with each pillar’s weight
PillarQQQDSKRE
Cost30% weightC50C50
Mission25% weightNot scoredA100
Risk15% weightB67HigherD29
Tradability15% weightC43HigherD29
Holdings10% weightNot scoredNot scored
Durability5% weightD38HigherD25

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 SKRE 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 SKRE 50th 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 50DSDDProShares UltraShort SmallCap600Score 38
  5. Rank 50DSKRETuttle Capital Daily 2X Inverse Regional Banks ETFScore 38
  6. Rank 52DTSXDDirexion Daily Semiconductors Top 5 Bear 2X ETFScore 34

Our read on each fund

ETF.net Research

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

SKREDTuttle Capital Daily 2X Inverse Regional Banks 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.

SKRE Regional banks got their own wrecking ball. SKRE aims to deliver 2x the inverse of KRE's daily move in a single ticker, and it charges well under what the average leveraged bear fund asks.

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.

SKRE The Fund seeks to deliver daily inverse leveraged performance relative to the KRE ETF.

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.
  • SKRE One narrow job: 2x the inverse of the daily move in KRE, the regional-bank basket. No margin account, no borrow, no short-sale paperwork.
  • 0.75% a year, well below the typical leveraged bear fund and cheaper than category staples like PSQ and SVXY.
  • It has tracked its stated daily inverse target closely and sits in the upper half of the leveraged bear group. Trading since January 2024.

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.
  • SKRE Daily reset: the math starts fresh every session. Over longer stretches, compounding can pull results away from 2x KRE's move for the period.
  • A small fund that trades lightly next to the big inverse names, so spreads can widen. Limit orders earn their keep.
  • One sector, levered, inverse. Moves run large in both directions, and a rally in regional banks cuts the other way.

Full QQQD profile⁠

Full SKRE profile⁠

QQQD vs SKRE Holdings

How QQQD and SKRE differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of QQQD and 0.0% of SKRE.

Level by level

  • Asset classLeveraged/Inverse, Equity0.0%
  • Holdings0 in both0.0%

Sector

No Sector split for QQQD and SKRE.

Country, concentration and asset class

Country by domicile

No country split for SKRE.

Concentration

Weight in the 10 largest Holdings

  • QQQD5083.3%
  • SKRE271.2%

Securities held

  • QQQD0
  • SKRE1

Asset class

QQQD
Leveraged/Inverse
SKRE
Equity

Holdings

  • Only in QQQD0
  • In both0
  • Only in SKRE1

Only in QQQD

0 securities, 0.0% of QQQD by weight

Only in SKRE

1 security, 100% of SKRE by weight

  • Recv Skre Trs Kre Eq158.33%

Weight gaps

QQQD and SKRE share no securities.

All 7 QQQD holdings⁠All 5 SKRE 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 SKRE Cost

Overpaying SKRE vs QQQD

$4,503

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

  • QQQD 0.50%

    $9,979

  • SKRE 0.75%

    $14,482

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SKRE 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SKRE $14,482QQQD $9,979

Year by year

YearQQQDSKREOverpaying
10$900$1,336$436
20$3,460$5,078$1,618
30$9,979$14,482$4,503

Expense ratio

  • 0.50%QQQD, cheaper
  • 0.75%SKRE
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

QQQD cheapest of 53 funds

SKRE 3rd cheapest of 53 funds

QQQD vs SKRE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%, better
SKRE 0.35%
Payout (12M)
QQQD $0.41
SKRE $0.02
Last payment
QQQD $0.10
SKRE $0.02
Ex-dividend
QQQD Sep 22, 2026
SKRE Dec 24, 2025
Paid on
QQQD Sep 29, 2026
SKRE Dec 26, 2025
Frequency
QQQD Quarterly
SKRE Annual

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$0.252026YTD
SKREAnnual · 2 paymentsAll SKRE payments⁠
One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.42; Dec 24, 2025 $0.02. Use the arrow keys to read each point.$0$0.252026YTD

QQQD vs SKRE 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 2024SKRE 41.0%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SKRE −1.05since Feb 2024
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SKRE −79.5%since Jan 2024
Market sensitivityBeta, 5 years
QQQD −1.35SKRE −1.59

QQQD and SKRE in the news

All news⁠

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