QQQDDirexion Daily Magnificent 7 Bear 1X Shares
Seeks daily investment results of 100% of the inverse of the daily performance of the Index.
By Direxion Funds · Launched 2024
0.50%
#2,576 of 5,562 · average
$28M
#4,131 of 5,562 · small
-18.0%
2 years
#3,472 of 5,562 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
EquityRegion
North americaStrategy
Inverse
Sector
Information technologyIndex tracked
Indxx Magnificent 7 Index
What it actually holds
By weightConcentration
Top 6 holdings = 99.7% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks daily investment results of 100% of the inverse of the daily performance of the Index.
- Strategy
- Invests primarily in financial instruments like swap agreements and futures to provide 1X daily inverse exposure to the Index of seven leading NASDAQ companies. The Fund rebalances daily to maintain its inverse exposure, which may lead to high portfolio turnover and non-diversification.
- Inception date
- March 6, 2024
- Fund family
- Direxion Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Inverse ETF — daily tool only
Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.
Source: Cheng & Madhavan (2009)
Why we flagged this: strategy=inverse + inverse_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've reviewed QQQD. Save it to your watchlist to track it alongside the other funds you're weighing.
Data updated on 2026-06-19