GOLI vs. QTUM

Last updated Jul 2, 2026

GOLI (Defiance Gold Enhanced Options Income ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - GOLI is a Derivative Income fund actively managed by Defiance, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. GOLI is actively managed, while QTUM is passively managed. Over the past year, GOLI returned 2.62% vs 77.18% for QTUM. At a 0.12 correlation, their price movements are largely independent. GOLI charges 0.99%/yr vs 0.40%/yr for QTUM.

Performance

GOLI vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GOLI) and Defiance Quantum ETF (QTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOLI achieves a -11.06% return, which is significantly lower than QTUM's 46.77% return.

GOLI

• 1D: 1.46%
• 1M: -9.25%
• 6M: -11.06%
• YTD: -11.06%
• 1Y: 2.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTUM

• 1D: -3.04%
• 1M: -1.38%
• 6M: 46.77%
• YTD: 46.77%
• 1Y: 77.18%
• 3Y*: 48.21%
• 5Y*: 27.63%
• 10Y*: —

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

GOLI vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025
GOLI Defiance Gold Enhanced Options Income ETF	-11.06%	15.16%
QTUM Defiance Quantum ETF	46.77%	47.78%

Correlation

The correlation between GOLI and QTUM is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025	0.12

The correlation between GOLI and QTUM shifts across timeframes, from 0.12 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GOLI vs. QTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOLI

GOLI Risk / Return Rank: 10
GOLI Sharpe Ratio Rank: 10
GOLI Sortino Ratio Rank: 10
GOLI Omega Ratio Rank: 11
GOLI Calmar Ratio Rank: 10
GOLI Martin Ratio Rank: 11

QTUM

QTUM Risk / Return Rank: 87
QTUM Sharpe Ratio Rank: 91
QTUM Sortino Ratio Rank: 82
QTUM Omega Ratio Rank: 81
QTUM Calmar Ratio Rank: 91
QTUM Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GOLI vs. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GOLI) 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.

	GOLI	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	0.11	2.62	-2.51
Sortino ratio: Return per unit of downside risk	0.30	3.14	-2.84
Omega ratio: Gain probability vs. loss probability	1.05	1.41	-0.36
Calmar ratio: Return relative to maximum drawdown	0.10	5.08	-4.98
Martin ratio: Return relative to average drawdown	0.34	18.02	-17.68

GOLI vs. QTUM - Sharpe Ratio Comparison

The current GOLI Sharpe Ratio is 0.11, which is lower than the QTUM Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of GOLI and QTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOLI vs. QTUM - Drawdown Comparison

The maximum GOLI drawdown since its inception was -25.88%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for GOLI and QTUM.

Drawdown Indicators

	GOLI	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-38.45%	+12.57%
Max Drawdown (1Y) Largest decline over 1 year	-25.88%	-15.26%	-10.62%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.45%	—
Current Drawdown Current decline from peak	-20.91%	-4.82%	-16.09%
Average Drawdown Average peak-to-trough decline	-4.79%	-8.21%	+3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.62%	4.30%	+3.32%

Volatility

GOLI vs. QTUM - Volatility Comparison

Defiance Gold Enhanced Options Income ETF (GOLI) and Defiance Quantum ETF (QTUM) have volatilities of 15.20% and 15.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOLI	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.20%	15.41%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	23.23%	24.40%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	24.87%	29.67%	-4.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.35%	27.29%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	27.52%	-4.17%

GOLI vs. QTUM - Expense Ratio Comparison

GOLI has a 0.99% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

GOLI vs. QTUM - Dividend Comparison

GOLI's dividend yield for the trailing twelve months is around 52.65%, more than QTUM's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
GOLI Defiance Gold Enhanced Options Income ETF	52.65%	37.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QTUM Defiance Quantum ETF	0.73%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both GOLI and QTUM in my portfolio?

GOLI and QTUM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOLI or QTUM?

QTUM has higher volatility (15.41%) compared to GOLI (15.20%). In terms of maximum drawdown, GOLI dropped -25.88% vs QTUM's -38.45%.

Which ETF is better, GOLI or QTUM?

On 1-year performance, QTUM leads with 77.18% vs 2.62% for GOLI. On fees, QTUM is cheaper at 0.40% per year. On volatility, GOLI has been the lower-risk option at 15.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOLI or QTUM?

Over the 1-year period, QTUM has performed better with a 77.18% return vs 2.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOLI or QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 0.99% for GOLI.

Which ETF pays a higher dividend yield, GOLI or QTUM?

GOLI has the higher dividend yield at 52.65%, compared with 0.73% for QTUM.

What is the main difference between GOLI and QTUM?

GOLI is categorized as Derivative Income, while QTUM is Technology Equities. Their fees differ too: 0.99% for GOLI and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.62 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.