{"url":"https://etfiq.com/compare/leverage/qcmd-vs-qcmu","section":"compare","title":"QCMD vs QCMU: which held to its multiple? | ETFIQ","description":"QCMD sets out to return -1 times QCOM each day and QCMU +2 times. Over the three months to Sep 30, 2026 they finished \u22123.9 pts and \u22127.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, QCMD or QCMU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, QCMD finished 3.9 points from what its multiple implies and QCMU finished 7.9 points from its own, so QCMD came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are QCMD and QCMU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on QUALCOMM, QCMD at -1 times and QCMU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, QCMD or QCMU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window QCMD\u2019s moved at 47% annualized and QCMU\u2019s at 47%, so QCMD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold QCMD or QCMU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, QCMD or QCMU?","acceptedAnswer":{"@type":"Answer","text":"QCMD charges 1.00% a year and QCMU charges 1.07%, so QCMD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"QCMD vs QCMU","item":"https://etfiq.com/compare/leverage/qcmd-vs-qcmu"}]},{"@type":"WebPage","name":"QCMD vs QCMU: which held to its multiple?","description":"QCMD sets out to return -1 times QCOM each day and QCMU +2 times. Over the three months to Sep 30, 2026 they finished \u22123.9 pts and \u22127.9 pts away.","url":"https://etfiq.com/compare/leverage/qcmd-vs-qcmu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, QCMD finished 1.4 points over and QCMU 2.4 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of QCMD and QCMU","description":"QCMD sets out to return -1 times QCOM each day and QCMU +2 times. Over the three months to Sep 30, 2026 they finished \u22123.9 pts and \u22127.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/qcmd-vs-qcmu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6933,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / QCMD vs QCMU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n QCMD vs QCMU: which held to its multiple?\n\n Over three months against its own daily promise, QCMD finished 1.4 points over and QCMU 2.4 points short.\n Copy this for sharing \n \n Direxion Daily QCOM Bear 1X ETF and Direxion Daily QCOM Bull 2X ETF.\n\n Download as PDF \n\n \u22125.7% QCMD returned, 3 months \n \u22124.5% QCMU returned, 3 months \n \u22123.9 pts QCMD from its stated multiple \n \u22127.9 pts QCMU from its stated multiple \n\n ETFIQ Decay Resistance Score: QCMU scores higher\n Did it keep","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/qcmd-vs-qcmu","a":{"ticker":"QCMD","name":"Direxion Daily QCOM Bear 1X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: QCMD returned \u22125.7% where its own daily promise gave \u22127.0%, 1.4 points over.","url":"https://etfiq.com/funds/qcmd","key_facts":[{"label":"What QCOM did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u22127.0%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22125.7%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$3m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.00%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"b":{"ticker":"QCMU","name":"Direxion Daily QCOM Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: QCMU returned \u22124.5% where its own daily promise gave \u22122.1%, 2.4 points short.","url":"https://etfiq.com/funds/qcmu","key_facts":[{"label":"What QCOM did","value":"+1.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22122.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22124.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$24m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.07%","as_of":"2026-09-30","source":"485BPOS XBRL, Feb 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/qcmd-vs-qcmu"}