LMNX vs. QBTZ
LMNX (Defiance Daily Target 2X Long LMND ETF) and QBTZ (Defiance Daily Target 2X Short QBTS ETF) are both exchange-traded funds - LMNX is a Leveraged Equities fund actively managed by Defiance ETFs, while QBTZ is a Inverse Equities fund actively managed by Defiance ETFs. Both are actively managed. At a correlation of -0.50, they often move in opposite directions. LMNX charges 1.31%/yr vs 1.29%/yr for QBTZ.
Performance
LMNX vs. QBTZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LMNX achieves a -55.70% return, which is significantly higher than QBTZ's -87.12% return.
LMNX
- 1D
- 1.73%
- 1M
- 0.16%
- YTD
- -55.70%
- 6M
- -64.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBTZ
- 1D
- -4.65%
- 1M
- 5.13%
- YTD
- -87.12%
- 6M
- -84.66%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LMNX vs. QBTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LMNX Defiance Daily Target 2X Long LMND ETF | -55.70% | 55.19% |
QBTZ Defiance Daily Target 2X Short QBTS ETF | -87.12% | -1.16% |
Correlation
The correlation between LMNX and QBTZ is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025 | -0.50 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LMNX vs. QBTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LMND ETF (LMNX) 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.
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Drawdowns
LMNX vs. QBTZ - Drawdown Comparison
The maximum LMNX drawdown since its inception was -79.62%, smaller than the maximum QBTZ drawdown of -96.03%. Use the drawdown chart below to compare losses from any high point for LMNX and QBTZ.
Loading charts...
Drawdown Indicators
| LMNX | QBTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.62% | -96.03% | +16.41% |
Current DrawdownCurrent decline from peak | -74.61% | -95.52% | +20.91% |
Average DrawdownAverage peak-to-trough decline | -43.60% | -58.19% | +14.59% |
Volatility
LMNX vs. QBTZ - Volatility Comparison
Loading charts...
Volatility by Period
| LMNX | QBTZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 169.75% | 234.15% | -64.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 169.75% | 234.15% | -64.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 169.75% | 234.15% | -64.40% |
LMNX vs. QBTZ - Expense Ratio Comparison
LMNX has a 1.31% expense ratio, which is higher than QBTZ's 1.29% expense ratio.
Dividends
LMNX vs. QBTZ - Dividend Comparison
Neither LMNX nor QBTZ has paid dividends to shareholders.
Frequently Asked Questions
LMNX and QBTZ have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QBTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QBTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for LMNX.
LMNX and QBTZ have nearly identical dividend yields, around 0.00%.
LMNX is categorized as Leveraged Equities, while QBTZ is Inverse Equities. Their fees differ too: 1.31% for LMNX and 1.29% for QBTZ.
Find the right allocation for LMNX and QBTZ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer