# QQQD (Direxion Daily Magnificent 7 Bear 1X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

QQQD aims to return -1 times Magnificent 7's move each day, then resets. Over one day it does that.

## Key facts

- QQQD, net assets: $23m (source, as filed for Apr 30, 2026).
- QQQD, expense ratio: not read by ETFIQ, as of Sep 11, 2026.
- QQQD, underlying: Magnificent 7 (no investable tracker), as of Sep 11, 2026.
- QQQD, sets out to return: -1 times the daily move of Magnificent 7, reset daily, as of Sep 11, 2026.

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | -1 times the daily move of Magnificent 7, reset daily | ETFIQ |
| Underlying | Magnificent 7 (no investable tracker) | ETFIQ |
| Segment | sector or country, theme | ETFIQ |
| Net assets | $23m | source, as filed for Apr 30, 2026 |
| Expense ratio | not read by ETFIQ | ETFIQ |
| Launched | Mar 7, 2024 | ETFIQ |

## Questions

### Why does QQQD not return -1 times over a year?

Because it resets daily. QQQD aims at -1 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what -1 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get.


## Cite this page

ETFIQ, QQQD, data as of Sep 11, 2026. https://etfiq.com/funds/QQQD
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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