QCMD ETF — Direxion Daily QCOM Bear 1X ETF

Direxion Daily QCOM Bear 1X ETF (QCMD)

Updated October 16, 2026.

QCMD is an ETF linked to Qualcomm (QCOM). its distribution rate is 2.72%, its trailing-12-month yield is 3.30%, its expense ratio is 1.00%. Total return is -30.2% over the past 1.3 years, 43.5 points behind QCOM at 13.3%.

This ETF seeks to deliver 1X inverse daily exposure to Qualcomm, meaning it aims to move opposite to QCOM's price movements on a daily basis through swap agreements and options rather than holding the stock directly. The fund carries a moderate current distribution rate and pays distributions quarterly, with an expense ratio of 1.00%. It may appeal to traders and tactical investors seeking short-term bearish exposure to Qualcomm or those hedging existing long positions in the semiconductor sector.

QCMD performance versus QCOM

Price and return data through 2026-10-16.

Total return is -30.2% over the past 1.3 years, 43.5 points behind QCOM at 13.3%. Its deepest 1-year drawdown was 56.0%.

QCMD key facts

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

06/24/2025

Expense ratio

1.00%

Distribution rate

2.72%

Distribution frequency

Quarterly

Trailing yield

3.30%

Last close

$16.79 (as of 2026-10-16)

AUM

$2,887,720

Average volume

21843.0

Dividend

$0.114

Ex-dividend date

09/22/2026

Payment date

09/29/2026

Beta

-1.9381

How Dividend Vision calculates yield and returns

Distribution rate (2.72%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.30%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Direxion; Index: Qualcomm (QCOM); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QCMD risks and drawbacks

QCMD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed QCOM over the available window. The deepest 1-year drawdown on record here is 56.0%.

Who may consider QCMD — and who may not

QCMD may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (QCMD pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching QCOM total return. This is educational context, not a recommendation to buy or sell.

More on QCMD

• All tickers starting with Q

Tagged: Short, Single.

Frequently asked questions

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