AMA vs. QTUM
AMA (Defiance Daily Target 2X Long AMAT ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - AMA is a Leveraged Equities fund actively managed by Defiance, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. AMA is actively managed, while QTUM is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. AMA charges 1.29%/yr vs 0.40%/yr for QTUM.
Performance
AMA vs. QTUM - Performance Comparison
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Returns By Period
AMA
- 1D
- -1.48%
- 1M
- -33.68%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QTUM
- 1D
- -0.36%
- 1M
- -15.81%
- 6M
- 19.65%
- YTD
- 29.22%
- 1Y
- 50.12%
- 3Y*
- 41.66%
- 5Y*
- 24.90%
- 10Y*
- —
- ALL TIME*
- 25.72%
AMA vs. QTUM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
AMA Defiance Daily Target 2X Long AMAT ETF | 21.09% |
QTUM Defiance Quantum ETF | -7.84% |
Correlation
The correlation between AMA and QTUM is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.80 |
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Return for Risk
AMA vs. QTUM — Risk / Return Rank
AMA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTUM
AMA vs. QTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long AMAT ETF (AMA) and Defiance Quantum ETF (QTUM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AMA | QTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.11 | — |
| Martin ratioReturn relative to average drawdown | — | 10.12 | — |
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Drawdowns
AMA vs. QTUM - Drawdown Comparison
The maximum AMA drawdown since its inception was -49.64%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for AMA and QTUM.
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Drawdown Indicators
| AMA | QTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.64% | -38.45% | -11.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.20% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -49.64% | -16.20% | -33.44% |
Average DrawdownAverage peak-to-trough decline | -15.38% | -8.23% | -7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.97% | — |
Volatility
AMA vs. QTUM - Volatility Comparison
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Volatility by Period
| AMA | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 10.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 180.21% | 30.60% | +149.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 180.21% | 27.46% | +152.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 180.21% | 27.58% | +152.63% |
AMA vs. QTUM - Expense Ratio Comparison
AMA has a 1.29% expense ratio, which is higher than QTUM's 0.40% expense ratio.
Dividends
AMA vs. QTUM - Dividend Comparison
AMA has not paid dividends to shareholders, while QTUM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AMA Defiance Daily Target 2X Long AMAT ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.83% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
AMA and QTUM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTUM is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTUM is cheaper with a 0.40% expense ratio, compared with 1.29% for AMA.
QTUM has the higher dividend yield at 0.83%, compared with 0.00% for AMA.
AMA is categorized as Leveraged Equities, while QTUM is Technology Equities. Their fees differ too: 1.29% for AMA and 0.40% for QTUM.
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