QQQD vs SPY
Direxion Daily Magnificent 7 Bear 1X ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QQQD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.09% | |
| AUM | $32M | $821.1B | |
| Dividend Yield | 3.06% | 1.01% | |
| Holdings | 7 | 505 | |
| YTD Return | -1.78% | +12.22% | |
| 1Y Return | -12.41% | +20.83% | |
| 3Y Return (annualized) | - | +21.70% | |
| 5Y Return (annualized) | - | +12.98% | |
| Volatility (annualized) | 21.5% | 15.3% | |
| Max Drawdown | -49.9% | -56.5% | |
| Fund Family | Direxion Shares ETF Trust | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 7, 2024 | Jan 22, 1993 |
QQQD vs SPY Performance
Direxion Daily Magnificent 7 Bear 1X ETF (QQQD) is a ETF from Direxion Shares ETF Trust and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QQQD returned -12.41% while SPY returned +20.83%. Year to date, QQQD is down 1.78% versus a gain of 12.22% for SPY.
Risk: Volatility and Drawdowns
QQQD has been the more volatile fund, with annualized monthly volatility of 21.5% compared with 15.3% for SPY. 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 -49.9% for QQQD and -56.5% for SPY. 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 -0.79. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
QQQD charges 0.50% per year while SPY charges 0.09%. On a $10,000 position that is $50 vs $9 annually, a gap of $41 per year that compounds over a long holding period. On income, QQQD currently yields 3.06% against 1.01% for SPY.
Holdings Overlap
QQQD and SPY share 0 holdings out of 508 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, QQQD or SPY?
QQQD has an expense ratio of 0.50% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $41 per year of difference.
Which performed better, QQQD or SPY?
Over the past year QQQD returned -12.41% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), QQQD annualized -20.69% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, QQQD or SPY?
QQQD has been the more volatile fund at 21.5% annualized versus 15.3% for SPY. Worst drawdown: QQQD -49.9% vs SPY -56.5%.
Should I hold both QQQD and SPY?
QQQD and SPY have a monthly-return correlation of -0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQQD and SPY?
QQQD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, QQQD or SPY?
QQQD yields 3.06% while SPY yields 1.01%, so QQQD currently pays the higher dividend yield.
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