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QQQD vs SVIX

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

-1x Short VIX Futures ETF

SVIXCCboe

Overlap

Expense ratio

QQQD −0.97pt a year

QQQD0.50%SVIX1.47%

Avg volume · 30D

SVIX 39.4×the volume

QQQD65.9KSVIX2.6M

QQQD vs SVIX Performance

Nov 7, 2025 – Nov 9, 2026

−5.0%QQQD+19.4%SVIX

Nov 7, 2025 to Nov 9, 2026. QQQD −5.0%. SVIX +19.4%. Use the arrow keys to read each point.−20%40%60%Nov 2025May 2026Nov 2026
Expense ratio
QQQD 0.50%, better
SVIX 1.47%
Fund size
QQQD $27M
SVIX $176M
1Y total return
QQQD −5.0%
SVIX +19.4%, better
Yield (12M)
QQQD 3.38%
SVIX No data
Holdings
QQQD 4
SVIX 2
Avg volume (30D)
QQQD 65.9K sh
SVIX 2.6M sh, better
NAV per share
QQQD $12.56
SVIX $20.42
52W range

ETF.net Grade

QQQD: Cost 50, Risk 66, Mission not scored, Tradability 43, Holdings not scored, Durability 39. SVIX: Cost 50, Risk 47, Mission not scored, Tradability 60, Holdings not scored, Durability 55.
Pillar letters and Scores for QQQD, SVIX, with each pillar’s weight
PillarQQQDSVIX
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB66HigherC47
Tradability15% weightC43B60Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD39B55Higher

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 SVIX 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 ›

SVIX ranks 18th and QQQD 20th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 14BSRSProShares UltraShort Real EstateScore 53
  2. Rank 18CSVIX-1x Short VIX Futures ETFScore 52
  3. Rank 18CTWMProShares UltraShort Russell2000Score 52
  4. Rank 20CEFZProShares Short MSCI EAFEScore 51
  5. Rank 20CQQQDDirexion Daily Magnificent 7 Bear 1X ETFScore 51
  6. Rank 20CSKFProShares UltraShort FinancialsScore 51

Our read on each fund

ETF.net Research

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

SVIXC-1x Short VIX Futures 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.

SVIX The undiluted short-volatility trade. SVIX aims for the full inverse of a VIX futures index for one day at a time, the dose the market's older short-vol ETF gave up when it halved its target back in 2018.

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.

SVIX SVIX seeks daily investment results corresponding to the Short VIX Futures Index for one day only. Its exposure is obtained through VIX futures and related instruments, with daily inverse performance and compounding effects.

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.
  • SVIX Full-strength short vol: SVIX targets -1x the daily move of the Short VIX Futures Index, while the long-running alternative (SVXY) has targeted only -0.5x since 2018.proshares.com
  • No futures account needed. The VIX futures exposure sits inside a commodity pool that trades in an ordinary brokerage account, and the fund is actively traded.
  • Rules, not a trader's hunch: exposure tracks a named benchmark, the Short VIX Futures Index, and resets every day.

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.
  • SVIX At 1.47% a year, the fee sits above the typical leveraged and inverse fund in its group. Part of the price of the full -1x wrapper.
  • Built for one day only. Daily resets compound, so a stretch of days can land far from -1x the index over that same stretch.
  • Short vol leans on calm markets and takes the pain when VIX futures spike. In 2018, one such spike led ProShares to cut its short-vol ETF's target exposure in half.sec.govproshares.com

Full QQQD profile⁠

Full SVIX profile⁠

QQQD vs SVIX 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 SVIX Cost

Overpaying SVIX vs QQQD

$15,877

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

  • QQQD 0.50%

    $9,979

  • SVIX 1.47%

    $25,856

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SVIX 1.47%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530SVIX $25,856QQQD $9,979

Year by year

YearQQQDSVIXOverpaying
10$900$2,541$1,641
20$3,460$9,353$5,893
30$9,979$25,856$15,877

Expense ratio

  • 0.50%QQQD, cheaper
  • 1.47%SVIX
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

QQQD cheapest of 53 funds

SVIX 53rd cheapest of 53 funds

QQQD vs SVIX Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
QQQD 3.38%
SVIX No data
Payout (12M)
QQQD $0.41
SVIX None
Last payment
QQQD $0.10
SVIX No data
Ex-dividend
QQQD Sep 22, 2026
SVIX No data
Paid on
QQQD Sep 29, 2026
SVIX No data
Frequency
QQQD Quarterly
SVIX No data

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
SVIXAll SVIX payments⁠

No distribution history available.

QQQD vs SVIX 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 2024SVIX 55.4%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SVIX 0.19
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SVIX −79.3%since Mar 2022
Market sensitivityBeta, 5 years
QQQD −1.38SVIX 2.95

QQQD and SVIX in the news

All news⁠

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