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QQQD vs SVXY

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%SVXY0.95%

Avg volume · 30D

SVXY 21.9×the volume

QQQD68.1KSVXY1.49M

QQQD vs SVXY Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD+21.9%SVXY

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. SVXY +21.9%. Use the arrow keys to read each point.−10%10%30%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQD 0.50%, better
SVXY 0.95%
Fund size
QQQD $28M
SVXY $201M
1Y total return
QQQD −0.7%
SVXY +21.9%, better
Yield (12M)
QQQD 3.35%
SVXY No data
Holdings
QQQD 3
SVXY 1
Avg volume (30D)
QQQD 68.1K sh
SVXY 1.49M sh, better
NAV per share
QQQD $12.18
SVXY $60.55
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for QQQD, SVXY, with each pillar’s weight
PillarQQQDSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67A75Higher
Tradability15% weightC43A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38A76Higher

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 SVXY 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 ›

SVXY ranks 1st and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  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

SVXYBProShares Short VIX Short-Term 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.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

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.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

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.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

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.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full QQQD profile⁠

Full SVXY profile⁠

QQQD vs SVXY 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 SVXY Cost

Overpaying SVXY vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SVXY 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$20K051015202530SVXY $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

SVXY 6th cheapest of 53 funds

QQQD vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%
SVXY No data
Payout (12M)
QQQD $0.41
SVXY None
Last payment
QQQD $0.10
SVXY No data
Ex-dividend
QQQD Sep 22, 2026
SVXY No data
Paid on
QQQD Sep 29, 2026
SVXY No data
Frequency
QQQD Quarterly
SVXY 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
SVXYAll SVXY payments⁠

No distribution history available.

QQQD vs SVXY 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 2024SVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SVXY 0.42
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SVXY −46.4%
Market sensitivityBeta, 5 years
QQQD −1.35SVXY 1.32

QQQD and SVXY in the news

All news⁠

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