- CUSIP
- 88636V405
- Issuer
- Defiance
- Inception Date
- Aug 6, 2025
- Category
- Leveraged Equities
- Leveraged
- 2x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
QPUX Performance Chart
Defiance 2X Daily Long Pure Quantum ETF (QPUX) is down 31.6% since the beginning of the year. QPUX is currently trading at $33 per share.
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Returns By Period
Defiance 2X Daily Long Pure Quantum ETF
- 1D
- 0.31%
- 1M
- -33.09%
- YTD
- -31.55%
- 6M
- -53.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QPUX Monthly Returns History
Based on dividend-adjusted daily data since Aug 7, 2025, QPUX's average daily return is +0.26%, while the average monthly return is +4.23%. At this rate, an investment would double in approximately 1.4 years.
Historically, 36% of months were positive and 64% were negative. The best month was Sep 2025 with a return of +107.4%, while the worst month was Nov 2025 at -59.9%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 5 months.
On a daily basis, QPUX closed higher 47% of trading days. The best single day was May 21, 2026 with a return of +47.6%, while the worst single day was Aug 7, 2025 at -46.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -30.95% | -22.54% | -41.56% | 74.10% | 93.44% | -34.97% | -31.55% | ||||||
| 2025 | -48.22% | 107.40% | 28.91% | -59.86% | -19.17% | -55.09% |
Benchmark Metrics
Defiance 2X Daily Long Pure Quantum ETF has an annualized alpha of -56.38%, beta of 7.59, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since August 07, 2025.
- This ETF participated in 485.26% of S&P 500 Index downside but only 108.80% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.23 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -56.38%
- Beta
- 7.59
- R²
- 0.23
- Upside Capture
- 108.80%
- Downside Capture
- 485.26%
Expense Ratio
QPUX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance 2X Daily Long Pure Quantum ETF (QPUX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QPUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Defiance 2X Daily Long Pure Quantum ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Defiance 2X Daily Long Pure Quantum ETF was 94.73%, occurring on Mar 30, 2026. The portfolio has not yet recovered.
The current Defiance 2X Daily Long Pure Quantum ETF drawdown is 86.42%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -94.73%Mar 2026 | 5mo 16d | — | 8mo 11dOct 2025 - now |
2025 bear market2025 | -56.85%Aug 2025 | 14d | 28d | 1mo 12dAug 2025 - Sep 2025 |
2025 bear market2025 | -23.72%Sep 2025 | 6d | 3d | 9dSep 2025 - Oct 2025 |
2025 correction2025 | -16.45%Oct 2025 | 2d | 3d | 5dOct 2025 - Oct 2025 |
2025 pullback2025 | -7.90%Sep 2025 | 0s | 1d | 1dSep 2025 - Sep 2025 |
Drawdown Indicators
| QPUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.73% | -56.78% | -37.95% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -86.42% | -1.80% | -84.62% |
Average DrawdownAverage peak-to-trough decline | -68.91% | -10.71% | -58.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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