QBTX vs. BEX

Last updated Aug 1, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and BEX (Tradr 2X Long BE Daily ETF) are both Leveraged Equities funds. Both are actively managed. Their 0.48 correlation means their historical movements had little consistent relationship. Both charge a 1.30% expense ratio.

Performance

QBTX vs. BEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QBTS Daily ETF (QBTX) and Tradr 2X Long BE Daily ETF (BEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QBTX

• 1D: 1.33%
• 1M: -42.34%
• 6M: -62.38%
• YTD: -76.90%
• 1Y: -67.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.15%

BEX

• 1D: -0.74%
• 1M: -51.56%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BEX Tradr 2X Long BE Daily ETF	$83.57M	$80.37M	$68.34M
QBTX Tradr 2X Long QBTS Daily ETF	$17.57M	$16.05M	$40.46M

QBTX vs. BEX - Yearly Performance Comparison

	2026 (YTD)
QBTX Tradr 2X Long QBTS Daily ETF	-70.03%
BEX Tradr 2X Long BE Daily ETF	-69.85%

Correlation

The correlation between QBTX and BEX is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 26, 2026	0.48

Return for Risk

QBTX vs. BEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QBTX

QBTX Risk / Return Rank: 11
QBTX Sharpe Ratio Rank: 7
QBTX Sortino Ratio Rank: 22
QBTX Omega Ratio Rank: 19
QBTX Calmar Ratio Rank: 3
QBTX Martin Ratio Rank: 5

BEX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QBTX vs. BEX - 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 BE Daily ETF (BEX). 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	BEX	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	—	—
Sortino ratio: Return per unit of downside risk	0.77	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	-0.74	—	—
Martin ratio: Return relative to average drawdown	-0.95	—	—

Drawdowns

QBTX vs. BEX - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, which is greater than BEX's maximum drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for QBTX and BEX.

Drawdown Indicators

	QBTX	BEX	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-82.16%	-13.32%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	—	—
Current Drawdown Current decline from peak	-94.67%	-72.82%	-21.85%
Average Drawdown Average peak-to-trough decline	-60.34%	-41.43%	-18.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	74.79%	—	—

Volatility

Volatility by Period

	QBTX	BEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	57.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	149.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	219.66%	264.69%	-45.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.92%	264.69%	-26.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.92%	264.69%	-26.77%

QBTX vs. BEX - Expense Ratio Comparison

Both QBTX and BEX have an expense ratio of 1.30%.

Dividends

QBTX vs. BEX - Dividend Comparison

QBTX's dividend yield for the trailing twelve months is around 57.13%, while BEX has not paid dividends to shareholders.

Position	TTM	2025
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%
QBTX Tradr 2X Long QBTS Daily ETF	57.13%	13.20%

Frequently Asked Questions

Can I hold both QBTX and BEX in my portfolio?

QBTX and BEX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBTX or BEX?

Both ETFs have the same 1.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBTX or BEX?

QBTX and BEX have the same expense ratio: 1.30% per year.

Which ETF pays a higher dividend yield, QBTX or BEX?

QBTX has the higher dividend yield at 57.13%, compared with 0.00% for BEX.

What is the main difference between QBTX and BEX?

They also come from different issuers: AXS and Tradr.