ELIS vs. QBTZ

Last updated Jun 4, 2026

ELIS (Direxion Daily LLY Bear 1X Shares) and QBTZ (Defiance Daily Target 2X Short QBTS ETF) are both Inverse Equities funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. ELIS charges 0.97%/yr vs 1.29%/yr for QBTZ.

Performance

ELIS vs. QBTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily LLY Bear 1X Shares (ELIS) and Defiance Daily Target 2X Short QBTS ETF (QBTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QBTZ

• 1D: 16.41%
• 1M: -74.19%
• YTD: -86.63%
• 6M: -91.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ELIS vs. QBTZ - Yearly Performance Comparison

	2026 (YTD)	2025
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-21.46%
QBTZ Defiance Daily Target 2X Short QBTS ETF	-86.63%	-50.03%

Correlation

The correlation between ELIS and QBTZ is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	-0.00

Return for Risk

ELIS vs. QBTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily LLY Bear 1X Shares (ELIS) and Defiance Daily Target 2X Short QBTS ETF (QBTZ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ELIS	QBTZ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.42	—

Drawdowns

Drawdown Indicators

	ELIS	QBTZ	Difference
Max Drawdown Largest peak-to-trough decline	—	-96.03%	—
Current Drawdown Current decline from peak	—	-95.35%	—
Average Drawdown Average peak-to-trough decline	—	-55.63%	—

Volatility

Volatility by Period

	ELIS	QBTZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	235.15%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	235.15%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	235.15%	—

ELIS vs. QBTZ - Expense Ratio Comparison

ELIS has a 0.97% expense ratio, which is lower than QBTZ's 1.29% expense ratio.

Dividends

ELIS vs. QBTZ - Dividend Comparison

ELIS's dividend yield for the trailing twelve months is around 5.26%, while QBTZ has not paid dividends to shareholders.

Position	TTM	2025
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%
QBTZ Defiance Daily Target 2X Short QBTS ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ELIS and QBTZ in my portfolio?

ELIS and QBTZ have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ELIS or QBTZ?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ELIS or QBTZ?

ELIS is cheaper with a 0.97% expense ratio, compared with 1.29% for QBTZ.

Which ETF pays a higher dividend yield, ELIS or QBTZ?

ELIS has the higher dividend yield at 5.26%, compared with 0.00% for QBTZ.

What is the main difference between ELIS and QBTZ?

They also come from different issuers: Direxion and Defiance ETFs. Their fees differ too: 0.97% for ELIS and 1.29% for QBTZ.