MPL vs. QTUM

Last updated Jun 7, 2026

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. Their correlation of 0.81 suggests significant overlap in exposure. MPL charges 1.31%/yr vs 0.40%/yr for QTUM.

Performance

MPL vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long MP ETF (MPL) and Defiance Quantum ETF (QTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MPL

• 1D: -19.06%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTUM

• 1D: -8.23%
• 1M: 8.25%
• YTD: 39.60%
• 6M: 35.74%
• 1Y: 75.12%
• 3Y*: 47.30%
• 5Y*: 26.76%
• 10Y*: —

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

MPL vs. QTUM - Yearly Performance Comparison

	2026 (YTD)
MPL Defiance Daily Target 2X Long MP ETF	-24.56%
QTUM Defiance Quantum ETF	-3.68%

Correlation

The correlation between MPL and QTUM is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.81

Return for Risk

MPL vs. QTUM — Risk / Return Rank

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

QTUM

QTUM Risk / Return Rank: 84
QTUM Sharpe Ratio Rank: 88
QTUM Sortino Ratio Rank: 77
QTUM Omega Ratio Rank: 79
QTUM Calmar Ratio Rank: 89
QTUM Martin Ratio Rank: 89

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.

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.

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

Sharpe Ratios by Period

	MPL	QTUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	1.01	-1.60

Drawdowns

MPL vs. QTUM - Drawdown Comparison

The maximum MPL drawdown since its inception was -34.06%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for MPL and QTUM.

Drawdown Indicators

	MPL	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-34.06%	-38.45%	+4.39%
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 Drawdown Current decline from peak	-34.06%	-9.47%	-24.59%
Average Drawdown Average peak-to-trough decline	-9.74%	-8.25%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.08%	—

Volatility

Volatility by Period

	MPL	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	182.07%	27.61%	+154.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	182.07%	26.81%	+155.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	182.07%	27.32%	+154.75%

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 0.77%.

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	0.77%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%

Frequently Asked Questions

Can I hold both MPL and QTUM in my portfolio?

MPL and QTUM have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MPL or QTUM?

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.

Which ETF is cheaper, MPL or QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 1.31% for MPL.

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

QTUM has the higher dividend yield at 0.77%, compared with 0.00% for MPL.

What is the main difference between MPL and QTUM?

MPL is categorized as Leveraged Equities, while QTUM is Technology Equities. Their fees differ too: 1.31% for MPL and 0.40% for QTUM.