BOED vs QQQ
Direxion Daily BA Bear 1X ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | BOED | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.18% | |
| AUM | $1M | $496.3B | |
| Dividend Yield | 3.08% | 0.44% | |
| Holdings | 6 | 108 | |
| YTD Return | +2.35% | +19.52% | |
| 1Y Return | -23.58% | +26.68% | |
| 3Y Return (annualized) | - | +26.64% | |
| 5Y Return (annualized) | - | +15.36% | |
| Volatility (annualized) | 30.3% | 30.6% | |
| Max Drawdown | -32.8% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 23, 2025 | Mar 10, 1999 |
BOED vs QQQ Performance
Direxion Daily BA Bear 1X ETF (BOED) is a ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BOED returned -23.58% while QQQ returned +26.68%. Year to date, BOED is up 2.35% versus a gain of 19.52% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 30.3% for BOED. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -32.8% for BOED and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BOED charges 1.01% per year while QQQ charges 0.18%. On a $10,000 position that is $101 vs $18 annually, a gap of $83 per year that compounds over a long holding period. On income, BOED currently yields 3.08% against 0.44% for QQQ.
Holdings Overlap
BOED and QQQ share 0 holdings out of 104 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOED or QQQ?
BOED has an expense ratio of 1.01% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $83 per year of difference.
Which performed better, BOED or QQQ?
Over the past year BOED returned -23.58% vs +26.68% for QQQ, so QQQ leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, BOED or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 30.3% for BOED. Worst drawdown: BOED -32.8% vs QQQ -83.0%.
Should I hold both BOED and QQQ?
BOED and QQQ have a monthly-return correlation of -0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOED and QQQ?
BOED and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, BOED or QQQ?
BOED yields 3.08% while QQQ yields 0.44%, so BOED currently pays the higher dividend yield.
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