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QQQD vs YCS

Direxion Daily Magnificent 7 Bear 1X ETF

QQQDCNYSE Arca

ProShares UltraShort Yen

YCSBNYSE Arca

Overlap

Expense ratio

QQQD −0.45pt a year

QQQD0.50%YCS0.95%

Avg volume · 30D

QQQD 2.9×the volume

QQQD68.1KYCS23.3K

QQQD vs YCS Performance

Oct 31, 2025 – Oct 30, 2026

−0.7%QQQD+11.7%YCS

Oct 31, 2025 to Oct 30, 2026. QQQD −0.7%. YCS +11.7%. Use the arrow keys to read each point.−10%−5%5%20%Oct 2025Apr 2026Oct 2026
Expense ratio
QQQD 0.50%, better
YCS 0.95%
Fund size
QQQD $28M
YCS $27M
1Y total return
QQQD −0.7%
YCS +11.7%, better
Yield (12M)
QQQD 3.35%
YCS No data
Holdings
QQQD 3
YCS 1
Avg volume (30D)
QQQD 68.1K sh, better
YCS 23.3K sh
NAV per share
QQQD $12.18
YCS $54.33
52W range

ETF.net Grade

QQQD: Cost 50, Risk 67, Mission not scored, Tradability 43, Holdings not scored, Durability 38. YCS: Cost 50, Risk 88, Mission not scored, Tradability 62, Holdings not scored, Durability 59.
Pillar letters and Scores for QQQD, YCS, with each pillar’s weight
PillarQQQDYCS
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightB67A88Higher
Tradability15% weightC43B62Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD38B59Higher

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 YCS 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 ›

YCS ranks 5th and QQQD 21st of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 5BSJBProShares Short High YieldScore 62
  2. Rank 5BYCSProShares UltraShort YenScore 62
  3. Rank 7BEUOProShares UltraShort EuroScore 61
  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

YCSBProShares UltraShort Yen

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.

YCS A 2008-vintage ProShares fund built for one job: expressing a bearish yen view at twice the daily move, in a brokerage account, without an FX platform or margin desk. Currency trading, ticker-sized.

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.

YCS YCS seeks daily results corresponding to -2 times the daily performance of the Japanese yen relative to the U.S. dollar, before fees and expenses.

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.
  • YCS One of the few listed ways to short the yen with leverage: YCS targets -2x the daily move of the Japanese yen against the U.S. dollar, before fees, using currency forwards.proshares.com
  • It has been running since 2008, through multiple yen regimes. Longevity is rare in leveraged and inverse land, where products get closed when the theme goes quiet.investing.com
  • The 0.95% expense ratio sits below the typical leveraged or inverse fund, and ETF.net rates the overall build among the strongest in that peer group.

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.
  • YCS The -2x target resets daily. Hold longer than a day and compounding takes over, so results can differ from -2x the yen's move over that stretch, especially in choppy currency markets.proshares.com
  • It is a commodity pool, not a 1940 Act fund. That means Schedule K-1 tax paperwork instead of a 1099, and none of the Investment Company Act protections.proshares.comproshares.com 2
  • Small and thinly traded, so bid-ask spreads carry more weight than in a mega-cap ETF. Limit orders are the standard tool here. ProShares also does not expect these funds to pay distributions.proshares.com

Full QQQD profile⁠

Full YCS profile⁠

QQQD vs YCS 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 YCS Cost

Overpaying YCS vs QQQD

$7,890

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

  • QQQD 0.50%

    $9,979

  • YCS 0.95%

    $17,869

$10,000
30 years

Cost over time

  • QQQD 0.50%
  • YCS 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$20K051015202530YCS $17,869QQQD $9,979

Year by year

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

QQQD cheapest of 53 funds

YCS 6th cheapest of 53 funds

QQQD vs YCS Dividends

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

No distribution history available.

QQQD vs YCS 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 2024YCS 20.1%
Return per unit of riskSharpe ratio, 3 years
QQQD −1.14since Apr 2024YCS 0.42
Worst fallMax drawdown, 5 years
QQQD −51.4%since Mar 2024YCS −27.3%
Market sensitivityBeta, 5 years
QQQD −1.35YCS −0.39

QQQD and YCS in the news

All news⁠

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