MPL vs. QTUM
MPL (Defiance Daily Target 2X Long MP ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - MPL 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. MPL is actively managed, while QTUM is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. MPL charges 1.31%/yr vs 0.40%/yr for QTUM.
Performance
MPL vs. QTUM - Performance Comparison
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Returns By Period
MPL
- 1D
- -7.21%
- 1M
- -36.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTUM
- 1D
- -2.66%
- 1M
- -0.18%
- YTD
- 42.75%
- 6M
- 40.95%
- 1Y
- 73.39%
- 3Y*
- 47.73%
- 5Y*
- 27.20%
- 10Y*
- —
MPL vs. QTUM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MPL Defiance Daily Target 2X Long MP ETF | -36.50% |
QTUM Defiance Quantum ETF | 1.82% |
Correlation
The correlation between MPL and QTUM is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 26, 2026 | 0.69 |
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Return for Risk
MPL vs. QTUM — Risk / Return Rank
MPL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTUM
MPL vs. QTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) 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.
| MPL | QTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.83 | — |
| Martin ratioReturn relative to average drawdown | — | 17.22 | — |
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Drawdowns
MPL vs. QTUM - Drawdown Comparison
The maximum MPL drawdown since its inception was -47.44%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for MPL and QTUM.
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Drawdown Indicators
| MPL | QTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.44% | -38.45% | -8.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.26% | — |
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 | -47.44% | -7.43% | -40.01% |
Average DrawdownAverage peak-to-trough decline | -27.24% | -8.22% | -19.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.27% | — |
Volatility
MPL vs. QTUM - Volatility Comparison
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Volatility by Period
| MPL | QTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.24% | 29.25% | +110.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.24% | 27.20% | +113.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.24% | 27.48% | +112.76% |
MPL vs. QTUM - Expense Ratio Comparison
MPL has a 1.31% expense ratio, which is higher than QTUM's 0.40% expense ratio.
Dividends
MPL vs. QTUM - Dividend Comparison
MPL has not paid dividends to shareholders, while QTUM's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MPL Defiance Daily Target 2X Long MP ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.75% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
MPL and QTUM have a correlation of 0.69, 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 1.31% for MPL.
QTUM has the higher dividend yield at 0.75%, compared with 0.00% for MPL.
MPL is categorized as Leveraged Equities, while QTUM is Technology Equities. Their fees differ too: 1.31% for MPL and 0.40% for QTUM.
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