QCMD ETF — Direxion Daily QCOM Bear 1X ETF

Direxion Daily QCOM Bear 1X ETF (QCMD)

QCMD is an ETF that tracks the Qualcomm (QCOM). As of August 19, 2026, its distribution rate is 2.72%, its trailing-12-month yield is 3.42%, its expense ratio is 1.00%. Fund total return is -22.8% over the past 1.1 years, 27.7 points behind QCOM at 4.9%.

At the current 2.72% distribution rate, a $10,000 investment would generate approximately $272 per year, or $22.67 per month on an equivalent basis. Actual quarterly payments vary.

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

Data as of August 19, 2026.

Fund total return is -22.8% over the past 1.1 years, 27.7 points behind QCOM at 4.9%. Its deepest 1-year drawdown was 56.0%.

QCMD key facts

Data as of August 19, 2026.

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

3.42%

Last close

$18.70

AUM

$2,306,875

Average volume

10124.0

Last dividend

$0.1270

Ex-dividend date

06/23/2026

Payment date

06/30/2026

Beta

-1.9381

How Dividend Vision calculates yield and returns

Distribution rate (2.72%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.42%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

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.

Frequently asked questions

More funds from Direxion.