QBTX vs. ASTX
QBTX (Tradr 2X Long QBTS Daily ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, QBTX returned -67.82% vs -68.42% for ASTX. Their 0.61 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.30% expense ratio.
Performance
QBTX vs. ASTX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with QBTX having a -76.90% return and ASTX slightly higher at -73.48%.
QBTX
- 1D
- 1.33%
- 1M
- -42.34%
- 6M
- -62.38%
- YTD
- -76.90%
- 1Y
- -67.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.15%
ASTX
- 1D
- 1.69%
- 1M
- -57.22%
- 6M
- -87.02%
- YTD
- -73.48%
- 1Y
- -68.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.95M | $70.14M | $195.58M | |
| $17.57M | $16.05M | $40.46M |
QBTX vs. ASTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTX Tradr 2X Long QBTS Daily ETF | -76.90% | 35.33% |
ASTX Tradr 2X Long ASTS Daily ETF | -73.48% | 63.68% |
Correlation
The correlation between QBTX and ASTX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.61 |
The correlation between QBTX and ASTX has been stable across timeframes, ranging from 0.61 to 0.61 - a consistent structural relationship.
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Return for Risk
QBTX vs. ASTX — Risk / Return Rank
QBTX
ASTX
QBTX vs. ASTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long QBTS Daily ETF (QBTX) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.
| QBTX | ASTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.09 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.76 | +0.02 |
| Martin ratioReturn relative to average drawdown | -0.95 | -1.27 | +0.32 |
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Drawdowns
QBTX vs. ASTX - Drawdown Comparison
The maximum QBTX drawdown since its inception was -95.48%, roughly equal to the maximum ASTX drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for QBTX and ASTX.
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Drawdown Indicators
| QBTX | ASTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.48% | -91.24% | -4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -95.48% | -91.24% | -4.24% |
Current DrawdownCurrent decline from peak | -94.67% | -89.27% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -60.34% | -49.51% | -10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.79% | 54.73% | +20.06% |
Volatility
QBTX vs. ASTX - Volatility Comparison
Tradr 2X Long QBTS Daily ETF (QBTX) and Tradr 2X Long ASTS Daily ETF (ASTX) have volatilities of 57.40% and 60.16%, 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.
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Volatility by Period
| QBTX | ASTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 57.40% | 60.16% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 149.53% | 163.48% | -13.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 219.66% | 218.96% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 237.92% | 215.72% | +22.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 237.92% | 215.72% | +22.20% |
QBTX vs. ASTX - Expense Ratio Comparison
Both QBTX and ASTX have an expense ratio of 1.30%.
Dividends
QBTX vs. ASTX - Dividend Comparison
QBTX's dividend yield for the trailing twelve months is around 57.13%, while ASTX has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ASTX Tradr 2X Long ASTS Daily ETF | 0.00% | 0.00% |
QBTX Tradr 2X Long QBTS Daily ETF | 57.13% | 13.20% |
Frequently Asked Questions
QBTX and ASTX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTX has higher volatility (60.16%) compared to QBTX (57.40%). In terms of maximum drawdown, QBTX dropped -95.48% vs ASTX's -91.24%.
On 1-year performance, QBTX leads with -67.82% vs -68.42% for ASTX. Both ETFs have the same 1.30% expense ratio. On volatility, QBTX has been the lower-risk option at 57.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QBTX has performed better with a -67.82% return vs -68.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QBTX and ASTX have the same expense ratio: 1.30% per year.
QBTX has the higher dividend yield at 57.13%, compared with 0.00% for ASTX.
They also come from different issuers: AXS and Tradr.
ASTX currently has the higher Sharpe Ratio (-0.32 vs -0.32), 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.
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