NVDD vs QQQ
Direxion Daily NVDA 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 103 holdings.
Side-by-Side Comparison
| Metric | NVDD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.01% | 0.18% | |
| AUM | $21M | $455.8B | |
| Dividend Yield | 2.67% | 0.41% | |
| Holdings | 9 | 108 | |
| YTD Return | -16.96% | +17.46% | |
| 1Y Return | -20.67% | +26.02% | |
| 3Y Return (annualized) | -49.26% | +25.51% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 32.3% | 30.6% | |
| Max Drawdown | -88.3% | -83.0% | |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Sep 13, 2023 | Mar 10, 1999 |
NVDD vs QQQ Performance
Direxion Daily NVDA Bear 1X ETF (NVDD) 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 NVDD returned -20.67% while QQQ returned +26.02%. Year to date, NVDD is down 16.96% versus a gain of 17.46% for QQQ.
Over three years, NVDD compounded at -49.26% per year against +25.51% for QQQ. Across the full 3-year window we track, QQQ has the edge at +13.08% annualized vs -49.26%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NVDD has been the more volatile fund, with annualized monthly volatility of 32.3% compared with 30.6% for QQQ. 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 -88.3% for NVDD 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 -0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NVDD 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, NVDD currently yields 2.67% against 0.41% for QQQ.
Holdings Overlap
NVDD and QQQ share 0 holdings out of 107 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, NVDD or QQQ?
NVDD 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, NVDD or QQQ?
Over the past year NVDD returned -20.67% vs +26.02% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), NVDD annualized -49.26% vs +13.08% for QQQ. Past performance does not guarantee future results.
Which is riskier, NVDD or QQQ?
NVDD has been the more volatile fund at 32.3% annualized versus 30.6% for QQQ. Worst drawdown: NVDD -88.3% vs QQQ -83.0%.
Should I hold both NVDD and QQQ?
NVDD and QQQ have a monthly-return correlation of -0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NVDD and QQQ?
NVDD and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 107 unique securities.
Which pays a higher dividend, NVDD or QQQ?
NVDD yields 2.67% while QQQ yields 0.41%, so NVDD currently pays the higher dividend yield.
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