Skip to content
etf.net

QQQD vs SZK

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares UltraShort Consumer Staples

SZKCNYSE Arca

Overlap

0.0%by weight

Expense ratio

QQQD −0.45pt a year

QQQD0.50%SZK0.95%

Avg volume · 30D

QQQD 14.2×the volume

QQQD68.1KSZK4.79K

QQQD vs SZK Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD−28.6%SZK

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. SZK −28.6%. Use the arrow keys to read each point.−20%−10%10%20%Oct 2025May 2026Oct 2026
Expense ratio
QQQD 0.50%, better
SZK 0.95%
Fund size
QQQD $28M
SZK $1M
1Y total return
QQQD −0.7%, better
SZK −28.6%
Yield (12M)
QQQD 3.35%
SZK 6.68%, better
Holdings
QQQD 3
SZK 1
Avg volume (30D)
QQQD 68.1K sh, better
SZK 4.79K sh
NAV per share
QQQD $12.18
SZK $18.17
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. SZK: Cost 50, Risk 51, Mission not scored, Tradability 27, Holdings not scored, Durability 35.
Pillar letters and Scores for QQQD, SZK, with each pillar’s weight
PillarQQQDSZK
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67HigherC51
Tradability15% weightC43HigherD27
Holdings10% weightNot scoredNot scored
Durability5% weightD38HigherD35

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 SZK 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 SZK 32nd 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 32CSMNProShares UltraShort MaterialsScore 40
  5. Rank 32CSZKProShares UltraShort Consumer StaplesScore 40
  6. Rank 32CYXIProShares Short FTSE China 50Score 40

Our read on each fund

ETF.net Research

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

SZKCProShares UltraShort Consumer Staples

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.

SZK The only -2x ETF pointed at a falling consumer staples sector, per ProShares, and it has held that slot since 2007. Soup, soap and razor blades, geared and flipped, reset every single day.

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.

SZK The fund seeks inverse exposure to the daily performance of the consumer staples sector, aiming to profit when that 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.
  • SZK ProShares calls it the only -2x ETF designed to gain when the consumer staples sector falls on a given day. No crowd of copycats to compare it against.proshares.com
  • 0.95% net of a waiver through September 30, 2027, against 5.15% gross. Same net sticker as ProShares' big shorts DOG, PSQ and RWM, each 0.95% net of waivers to that same date.proshares.com
  • Trading since 2007, so the record spans the financial crisis and the 2020 crash. Inverse exposure arrives through one ticker in a brokerage account, no borrow to locate.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.
  • SZK The -2x target applies to a single day. Hold longer and compounding takes over: results can land well away from -2x the index move over that stretch, especially in choppy tape.proshares.com
  • A small, thinly traded fund. The spread you cross and the order type you use carry more weight here than in the heavily traded index shorts.
  • That 0.95% rests on a contractual waiver through September 30, 2027. Gross expenses run 5.15%, the math of a small fund spreading fixed costs over few assets.proshares.com

Full QQQD profile⁠

Full SZK profile⁠

QQQD vs SZK Holdings

How QQQD and SZK differ

Overlap by weight

0.0%

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

Level by level

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

Sector

No Sector split for QQQD and SZK.

Country, concentration and asset class

Country by domicile

No country split for SZK.

Concentration

Weight in the 10 largest Holdings

  • QQQD5083.3%
  • SZK100.0%

Securities held

  • QQQD0
  • SZK0

Asset class

QQQD
Leveraged/Inverse
SZK
Equity

Holdings

  • Only in QQQD0
  • In both0
  • Only in SZK0

Only in QQQD

0 securities, 0.0% of QQQD by weight

Only in SZK

0 securities, 0.0% of SZK by weight

Weight gaps

QQQD and SZK share no securities.

All 7 QQQD holdings⁠All 5 SZK 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 SZK Cost

Overpaying SZK vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • SZK 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • SZK 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$20K051015202530SZK $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

SZK 6th cheapest of 53 funds

QQQD vs SZK Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
QQQD 3.35%
SZK 6.68%, better
Payout (12M)
QQQD $0.41
SZK $1.21
Last payment
QQQD $0.10
SZK $0.83
Ex-dividend
QQQD Sep 22, 2026
SZK Sep 23, 2026
Paid on
QQQD Sep 29, 2026
SZK Sep 29, 2026
Frequency
QQQD Quarterly
SZK 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$0.502017202020232026YTD
SZKQuarterly · 23 paymentsAll SZK payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Jun 20, 2018 $0.12; Sep 26, 2018 $0.30; Dec 26, 2018 $0.31; Mar 20, 2019 $0.33; Jun 25, 2019 $0.43; Sep 25, 2019 $0.48; Dec 24, 2019 $0.22; Mar 25, 2020 $0.07; Mar 22, 2023 $0.05; Jun 21, 2023 $0.43; Sep 20, 2023 $0.39; Dec 20, 2023 $0.36; Mar 20, 2024 $0.33; Jun 26, 2024 $0.52; Sep 25, 2024 $0.25; Dec 23, 2024 $0.37; Mar 26, 2025 $0.19; Jun 25, 2025 $0.15; Sep 24, 2025 $0.20; Dec 24, 2025 $0.21; Mar 25, 2026 $0.05; Jun 24, 2026 $0.13; Sep 23, 2026 $0.83. Use the arrow keys to read each point.$0$0.502017202020232026YTD

QQQD vs SZK 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 2024SZK 25.9%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024SZK −0.70
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024SZK −43.0%
Market sensitivityBeta, 5 years
QQQD −1.35SZK −0.85

QQQD and SZK in the news

All news⁠

Popular comparisons

  • QQQDCvsDOGB

    Direxion Daily Magnificent 7 Bear 1X ETF · ProShares Short Dow30

    Expense ratio
    0.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SZKCvsDOGB

    ProShares UltraShort Consumer Staples · ProShares Short Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQDCvsSVXYB

    Direxion Daily Magnificent 7 Bear 1X ETF · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SZKCvsSVXYB

    ProShares UltraShort Consumer Staples · ProShares Short VIX Short-Term Futures ETF

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • QQQDCvsPSQB

    Direxion Daily Magnificent 7 Bear 1X ETF · ProShares Short QQQ

    Expense ratio
    0.50% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • SZKCvsPSQB

    ProShares UltraShort Consumer Staples · ProShares Short QQQ

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.