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Beacon

QQQDDirexion Daily Magnificent 7 Bear 1X Shares

Take a bet2y track recordRanked #108 of 948 in this goal

Seeks daily investment results of -100% of the daily performance of the Indxx Magnificent 7 Index.

By Direxion Funds · Launched 2024

Annual Cost

0.50%

#2,661 of 5,853 · average

Fund Size

$35M

#3,999 of 5,853 · small

Return (1Y)Goal

-12.4%

Track Record

2 years

#3,384 of 5,853 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$8,877-11.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Strategy

Inverse

Sector

Information technology

Index tracked

Indxx Magnificent 7 Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

DREYFUS GOVERNMENT CASH MANAGE
78.8%
GOLDMAN SACHS LIQ ES FD A
21.4%
DREYFUS
7.4%
N/A
0.9%
GOLDMAN FINANCIAL
0.0%
N/A
-8.0%

Asset allocation

Cash
97.7%
Stocks
2.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
22.5%High

Year-on-year price swings

Max drawdown
-49.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of -100% of the daily performance of the Indxx Magnificent 7 Index.
Strategy
Invests at least 80% of net assets in financial instruments, including swaps and futures, to achieve -1X daily inverse exposure to the Indxx Magnificent 7 Index. Concentrates in information technology, consumer discretionary, and communication services sectors, rebalancing daily to maintain inverse exposure.
Inception date
March 6, 2024
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-02