QBER vs. IWMY

Last updated Jun 24, 2026

QBER (TrueShares Quarterly Bear Hedge ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both Options Trading funds. QBER is actively managed, while IWMY is passively managed. Over the past year, QBER returned -0.12% vs 21.86% for IWMY. At a correlation of -0.40, they often move in opposite directions. QBER charges 0.79%/yr vs 0.99%/yr for IWMY.

Performance

QBER vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Quarterly Bear Hedge ETF (QBER) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBER achieves a -0.35% return, which is significantly lower than IWMY's 14.94% return.

QBER

• 1D: 0.15%
• 1M: 0.40%
• YTD: -0.35%
• 6M: 0.28%
• 1Y: -0.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMY

• 1D: -0.81%
• 1M: 3.35%
• YTD: 14.94%
• 6M: 12.52%
• 1Y: 21.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBER vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBER TrueShares Quarterly Bear Hedge ETF	-0.35%	0.25%	0.04%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	14.94%	10.18%	2.01%

Correlation

The correlation between QBER and IWMY is -0.37, 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 (1Y) Calculated over the trailing 1-year period	-0.37
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	-0.40

Return for Risk

QBER vs. IWMY — Risk / Return Rank

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

QBER

QBER Risk / Return Rank: 8
QBER Sharpe Ratio Rank: 9
QBER Sortino Ratio Rank: 8
QBER Omega Ratio Rank: 8
QBER Calmar Ratio Rank: 9
QBER Martin Ratio Rank: 8

IWMY

IWMY Risk / Return Rank: 39
IWMY Sharpe Ratio Rank: 39
IWMY Sortino Ratio Rank: 37
IWMY Omega Ratio Rank: 36
IWMY Calmar Ratio Rank: 39
IWMY Martin Ratio Rank: 41

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.

QBER vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bear Hedge ETF (QBER) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.

	QBER	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	1.34	-1.38
Sortino ratio: Return per unit of downside risk	-0.02	1.84	-1.87
Omega ratio: Gain probability vs. loss probability	1.00	1.23	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.05	1.90	-1.95
Martin ratio: Return relative to average drawdown	-0.12	6.20	-6.31

QBER vs. IWMY - Sharpe Ratio Comparison

The current QBER Sharpe Ratio is -0.03, which is lower than the IWMY Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of QBER and IWMY, 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

QBER vs. IWMY - Drawdown Comparison

The maximum QBER drawdown since its inception was -5.72%, smaller than the maximum IWMY drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for QBER and IWMY.

Drawdown Indicators

	QBER	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-5.72%	-18.72%	+13.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-11.57%	+9.22%
Current Drawdown Current decline from peak	-5.11%	-0.81%	-4.30%
Average Drawdown Average peak-to-trough decline	-4.73%	-2.94%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	3.54%	-2.48%

Volatility

QBER vs. IWMY - Volatility Comparison

The current volatility for TrueShares Quarterly Bear Hedge ETF (QBER) is 1.03%, while Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a volatility of 6.20%. This indicates that QBER experiences smaller price fluctuations and is considered to be less risky than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBER	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	6.20%	-5.17%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	13.55%	-10.68%
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	16.37%	-12.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.33%	15.95%	-9.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.33%	15.95%	-9.62%

QBER vs. IWMY - Expense Ratio Comparison

QBER has a 0.79% expense ratio, which is lower than IWMY's 0.99% expense ratio.

Dividends

QBER vs. IWMY - Dividend Comparison

QBER's dividend yield for the trailing twelve months is around 3.27%, less than IWMY's 43.75% yield.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	43.75%	63.33%	107.92%	11.34%
QBER TrueShares Quarterly Bear Hedge ETF	3.27%	3.26%	1.35%	0.00%

Frequently Asked Questions

Can I hold both QBER and IWMY in my portfolio?

QBER and IWMY have a correlation of -0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBER or IWMY?

IWMY has higher volatility (6.20%) compared to QBER (1.03%). In terms of maximum drawdown, QBER dropped -5.72% vs IWMY's -18.72%.

Which ETF is better, QBER or IWMY?

On 1-year performance, IWMY leads with 21.86% vs -0.12% for QBER. On fees, QBER is cheaper at 0.79% per year. On volatility, QBER has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBER or IWMY?

Over the 1-year period, IWMY has performed better with a 21.86% return vs -0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBER or IWMY?

QBER is cheaper with a 0.79% expense ratio, compared with 0.99% for IWMY.

Which ETF pays a higher dividend yield, QBER or IWMY?

IWMY has the higher dividend yield at 43.75%, compared with 3.27% for QBER.

What is the main difference between QBER and IWMY?

They also come from different issuers: TrueShares and Defiance. Their fees differ too: 0.79% for QBER and 0.99% for IWMY.

Which has better risk-adjusted returns?

IWMY currently has the higher Sharpe Ratio (1.34 vs -0.03), 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.