Direxion Daily QCOM Bear 1X ETF (QCMD) Performance
QCMD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −22.5% since Dec 31, 2025
- 1 year
- −24.7% total return
- Since first price
- −31.6% since 2025
QCMD trailing returns vs SPY, QQQ, AGG
| Period | QCMD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +11.3% | +11.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −6.6% | −7.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −38.5% | −39.5% | +7.8% | +8.4% | −1.5% |
| YTD | −22.5% | −24.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −24.7% | −26.9% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 25, 2025 | −31.6% | −34.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QCMD vs SPY
From Jun 25, 2025: QCMD grew to $6,838, SPY to $12,688.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QCMD returns by calendar year
2026 is year to date.
QCMD annual returns table
| Year | QCMD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −22.5% | −56.0% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QCMD largest drawdowns
Now 43.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 7, 2026 | −56.0% | Jun 3, 2026 | not yet | 57 days | 7 months so far |
| Aug 7, 2025 | −23.9% | Oct 27, 2025 | Feb 5, 2026 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QCMD risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −27.6% |
| Volatility (annualized) | 60.6% |
| Sharpe ratio | -0.28 |
| Sortino ratio | -0.38 |
| Best month | +27.9% |
| Worst month | −33.3% |
| Best 12 months | −20.3% |
| Worst 12 months | −30.3% |
| Positive months | 47% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QCMD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 5 | −30.3% | −25.3% | −18.8% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
QCMD performance overview
Direxion Daily QCOM Bear 1X ETF (QCMD) returned −24.7% over the past year, with distributions reinvested. Since its first recorded price on Jun 25, 2025 it has returned −31.6%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −56.0%, from Apr 7, 2026 to Jun 3, 2026; the fund has not yet regained that high. Volatility has been 60.6% a year.
Related: QCMD chart, QCMD dividends. See the QCMD overview for the latest quote and fund facts.
QCMD performance FAQ
What is the QCMD return over the past year?
QCMD returned −24.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 26.9%.
How much would $10,000 invested in QCMD be worth?
$10,000 invested in QCMD at its first recorded close on June 25, 2025 would be worth about $6,838 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of QCMD?
The largest peak-to-trough decline was −56.0% between April 7, 2026 and June 3, 2026. It has not yet recovered to that high; it is 43.1% below its peak.
How volatile is QCMD?
Over the past history QCMD had an annualized volatility of 60.6% and a Sharpe ratio of -0.28 (excess return over 1–3 month T-bills per unit of risk).