QCMD ETF — Holdings & Analysis

The fund's assets under management (AUM) are currently $0.00B, and its NAV is $27.82 as of 2026-03-15. QCMD should be actively monitored due to its leveraged nature and daily reset, which can lead to compounding effects over longer periods.

Direxion Daily QCOM Bear 1X ETF (QCMD) ETF — Price, Holdings & Analysis

The Direxion Daily QCOM Bear 1X ETF (QCMD) offers inverse exposure to the daily performance of QUALCOMM (QCOM) stock. With an expense ratio of 2.76%, QCMD is designed for sophisticated investors seeking short-term tactical positions rather than long-term investment. The fund's assets under management (AUM) are currently $0.00B, and its NAV is $27.82 as of 2026-03-15. QCMD should be actively monitored due to its leveraged nature and daily reset, which can lead to compounding effects over longer periods.

ETF Overview

The Direxion Daily QCOM Bull 2X ETF and Direxion Daily QCOM Bear 1X ETF seek daily investment results, before fees and expenses, of 200% and 100% of the inverse (or opposite), respectively, of the performance of the common shares of QUALCOMM Incorporated (NASDAQ: QCOM).

The Direxion Daily QCOM Bear 1X ETF (QCMD) provides a way for investors to potentially profit from a decline in the price of QUALCOMM (QCOM) shares. It aims to deliver 100% of the inverse of the daily performance of QCOM. This ETF is not designed for buy-and-hold investors; instead, it caters to experienced traders who understand the risks associated with leveraged and inverse products. Due to the daily reset, the fund's performance over periods longer than one day can deviate significantly from the stated daily objective. The fund's current allocation is heavily weighted in Cash & Others, representing 100% of the portfolio. This fund is unique in its focused exposure, offering a tool for those with a bearish outlook on a single technology stock.

Risk Metrics

QCMD carries substantial risks due to its leveraged inverse strategy and high expense ratio of 2.76%. The fund's daily reset can lead to compounding errors, particularly in volatile markets, potentially eroding investment value even if the underlying stock, QUALCOMM, moves in the anticipated direction over a longer period. Concentration risk is also significant, as the fund's performance is tied solely to the price movements of a single stock. With a beta of 0.00 (3Y), QCMD's volatility relative to the broader market is not measurable. The high expense ratio further contributes to risk, as it creates a significant drag on performance, especially detrimental for a product intended for short-term use. Investors should carefully consider their risk tolerance and investment horizon before using QCMD.

Expense Ratio

2.76%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

0.00%

State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

Direxion MSCI Developed Over Emerging Markets ETF (RWDE) (Equity) — 0.53% expense ratio
Direxion World Without Waste ETF (WWOW) (Equity) — 0.50% expense ratio
Direxion Daily Uranium Industry Bull 2X ETF (URAA) (Equity) — 1.46% expense ratio
Direxion Daily AMD Bull 2X ETF (AMUU) (Equity) — 1.16% expense ratio
Direxion Daily Global Clean Energy Bull 2X Shares (KLNE) (Equity) — 1.33% expense ratio
Direxion Daily Industrials Bull 3X ETF (DUSL) (Equity) — 0.98% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is QCMD and what does it track?

The Direxion Daily QCOM Bear 1X ETF (QCMD) is an exchange-traded fund designed to provide investors with the inverse of the daily performance of QUALCOMM Incorporated (QCOM).

This means that the fund aims to increase in value when the price of QCOM decreases, and vice versa.

What is the expense ratio for QCMD?

The expense ratio for QCMD is 2.76%. This means that for every $10,000 invested in the fund, $276 is used to cover the fund's operating expenses annually.

This is considerably higher than the average expense ratio for equity ETFs, which is around 0.44%.

What are the top holdings in QCMD?

As of 2026-03-15, the Direxion Daily QCOM Bear 1X ETF (QCMD) primarily holds Cash & Others, representing 100% of its portfolio.

While the fund's objective is to track the inverse daily performance of QUALCOMM (QCOM), it achieves this through financial instruments and derivatives, rather than directly holding QCOM shares.

Is QCMD a good long-term investment?

The Direxion Daily QCOM Bear 1X ETF (QCMD) is generally not considered suitable for long-term investment.

Its design focuses on delivering the inverse of the daily performance of QUALCOMM (QCOM), which means that the effects of compounding can significantly impact returns over longer periods.

How does QCMD compare to similar ETFs?

QCMD is unique in its focus on providing inverse daily exposure to a single stock, QUALCOMM (QCOM). While there are other leveraged and inverse ETFs available, most track broader market indices or sectors.

QCMD's expense ratio of 2.76% is significantly higher than many other ETFs, reflecting the complexity of its strategy and daily rebalancing.

Does QCMD pay dividends?

According to the latest data, the Direxion Daily QCOM Bear 1X ETF (QCMD) does not pay dividends. Its dividend yield is currently 0.00%.

This is typical for leveraged and inverse ETFs, as their primary objective is to provide daily leveraged or inverse exposure to a specific index or asset, rather than generating income through dividends. Investors seeking dividend income should consider other investment options that prioritize dividend payouts.