QQQD vs YXI

QQQDCDirexion Daily Magnificent 7 Bear 1X ETF

YXICProShares Short FTSE China 50

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.

YXI The one-speed China short. YXI aims for -1x the daily move of the FTSE China 50, Hong Kong's Chinese blue chips, and resets every day. Fee is 0.95% net of a waiver through September 30, 2027.

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.

YXI YXI seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the FTSE China 50 Index.

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.

• YXI Unleveraged inverse: it targets -1x the index's daily move, while stablemate FXP runs -2x on the exact same index. Same China exposure, one gear instead of two.proshares.com
• Aims at the short side of a real benchmark: the FTSE China 50 holds 50 of the largest, most liquid Chinese stocks trading in Hong Kong (H shares, red chips, P chips).jpx.co.jp
• Fee sits near the typical leveraged-and-inverse fund at 0.95% net of a waiver through September 30, 2027, the same net fee as FXP (also waived through that date).
• Trading since 2010 as a fund registered under the Investment Company Act of 1940, not a commodity-pool wrapper.

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.

• YXI The -1x target applies to a single day. Hold longer and daily compounding can pull results away from -1x the index over that stretch, especially in choppy markets.proshares.com
• That 0.95% is net of a waiver through September 30, 2027. The gross expense ratio is 3.46%, so the cap has an end date on it.
• Small and lightly traded next to the big US index inverses, which can mean wider spreads. Limit orders do more work here than market orders.

Full QQQD profile⁠

Full YXI profile⁠