Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) Performance
QQQD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.7% since Dec 31, 2025
- 1 year
- −6.5% total return
- Since first price
- −45.1% since 2024
QQQD trailing returns vs SPY, QQQ, AGG
| Period | QQQD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.2% | +3.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.3% | −10.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.0% | −7.4% | +7.8% | +8.4% | −1.5% |
| YTD | −4.7% | −6.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −6.5% | −9.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 7, 2024 | −45.1% | −50.4% | — | — | — |
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: QQQD vs SPY
From Mar 7, 2024: QQQD grew to $5,491, SPY to $15,245.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QQQD returns by calendar year
0 of 1 full years positive. Best 2025 (−20.3%), worst 2025 (−20.3%). 2026 is year to date.
QQQD annual returns table
| Year | QQQD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.7% | −25.0% | +12.3% | +15.1% | −1.0% |
| 2025 | −20.3% | −42.3% | +17.7% | +20.8% | +7.2% |
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.
QQQD largest drawdowns
Now 48.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 19, 2024 | −51.4% | Oct 13, 2026 | not yet | 2.5 years | 2.5 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QQQD risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −22.0% |
| Volatility (annualized) | 21.1% |
| Sharpe ratio | -1.26 |
| Sortino ratio | -1.44 |
| Best month | +11.3% |
| Worst month | −12.6% |
| Best 12 months | −9.5% |
| Worst 12 months | −32.0% |
| Positive months | 37% |
| 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.
QQQD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 20 | −32.0% | −20.9% | −2.8% | 0% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
QQQD performance overview
Direxion Daily Magnificent 7 Bear 1X Shares (QQQD) returned −6.5% over the past year, with distributions reinvested. Since its first recorded price on Mar 7, 2024 it has returned −45.1%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.4%, from Apr 19, 2024 to Oct 13, 2026; the fund has not yet regained that high. Volatility has been 21.1% a year.
Related: QQQD chart, QQQD dividends. See the QQQD overview for the latest quote and fund facts.
QQQD performance FAQ
What is the QQQD return over the past year?
QQQD returned −6.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 9.5%.
How much would $10,000 invested in QQQD be worth?
$10,000 invested in QQQD at its first recorded close on March 7, 2024 would be worth about $5,491 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of QQQD?
The largest peak-to-trough decline was −51.4% between April 19, 2024 and October 13, 2026. It has not yet recovered to that high; it is 48.5% below its peak.
How volatile is QQQD?
Over the past history QQQD had an annualized volatility of 21.1% and a Sharpe ratio of -1.26 (excess return over 1–3 month T-bills per unit of risk).