Correlation
The correlation between EIPX and QTUM is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
EIPX vs. QTUM
Compare and contrast key facts about FT Energy Income Partners Strategy ETF (EIPX) and Defiance Quantum ETF (QTUM).
EIPX and QTUM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EIPX is an actively managed fund by First Trust. It was launched on Nov 1, 2022. QTUM is a passively managed fund by Defiance ETFs that tracks the performance of the BlueStar Machine Learning and Quantum Computing Index. It was launched on Sep 5, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EIPX or QTUM.
Performance
EIPX vs. QTUM - Performance Comparison
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Key characteristics
EIPX:
0.54
QTUM:
1.14
EIPX:
0.75
QTUM:
1.58
EIPX:
1.11
QTUM:
1.21
EIPX:
0.59
QTUM:
1.36
EIPX:
2.06
QTUM:
4.20
EIPX:
4.42%
QTUM:
8.21%
EIPX:
18.31%
QTUM:
33.28%
EIPX:
-15.43%
QTUM:
-38.45%
EIPX:
-5.99%
QTUM:
-3.08%
Returns By Period
In the year-to-date period, EIPX achieves a 2.33% return, which is significantly lower than QTUM's 4.59% return.
EIPX
2.33%
3.19%
-4.72%
9.81%
N/A
N/A
N/A
QTUM
4.59%
12.99%
20.52%
37.59%
23.42%
25.19%
N/A
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EIPX vs. QTUM - Expense Ratio Comparison
EIPX has a 0.95% expense ratio, which is higher than QTUM's 0.40% expense ratio.
Risk-Adjusted Performance
EIPX vs. QTUM — Risk-Adjusted Performance Rank
EIPX
QTUM
EIPX vs. QTUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.
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Dividends
EIPX vs. QTUM - Dividend Comparison
EIPX's dividend yield for the trailing twelve months is around 3.37%, more than QTUM's 0.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
EIPX FT Energy Income Partners Strategy ETF | 3.37% | 3.27% | 3.48% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.65% | 0.61% | 0.81% | 1.46% | 0.48% | 0.45% | 0.61% | 0.21% |
Drawdowns
EIPX vs. QTUM - Drawdown Comparison
The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for EIPX and QTUM.
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Volatility
EIPX vs. QTUM - Volatility Comparison
The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 3.38%, while Defiance Quantum ETF (QTUM) has a volatility of 7.37%. This indicates that EIPX experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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