QBTX vs. QBTZ
QBTX (Tradr 2X Long QBTS Daily ETF) and QBTZ (Defiance Daily Target 2X Short QBTS ETF) are both exchange-traded funds - QBTX is a Leveraged Equities fund actively managed by AXS, while QBTZ is a Inverse Equities fund actively managed by Defiance. Both are actively managed. Their -0.99 correlation means they have often moved in opposite directions in the past. QBTX charges 1.30%/yr vs 1.29%/yr for QBTZ.
Performance
QBTX vs. QBTZ - Performance Comparison
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Returns By Period
In the year-to-date period, QBTX achieves a -76.90% return, which is significantly higher than QBTZ's -84.61% return.
QBTX
- 1D
- 1.33%
- 1M
- -42.34%
- 6M
- -62.38%
- YTD
- -76.90%
- 1Y
- -67.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.15%
QBTZ
- 1D
- -1.12%
- 1M
- 5.00%
- 6M
- -87.87%
- YTD
- -84.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.57M | $16.05M | $40.46M | |
| $14.48M | $12.89M | $20.27M |
QBTX vs. QBTZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTX Tradr 2X Long QBTS Daily ETF | -76.90% | -63.90% |
QBTZ Defiance Daily Target 2X Short QBTS ETF | -84.61% | -47.53% |
Correlation
The correlation between QBTX and QBTZ is -0.99, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | -0.99 |
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Return for Risk
QBTX vs. QBTZ — Risk / Return Rank
QBTX
QBTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QBTX vs. QBTZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long QBTS Daily ETF (QBTX) and Defiance Daily Target 2X Short QBTS ETF (QBTZ). 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 | QBTZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | — | — |
| Martin ratioReturn relative to average drawdown | -0.95 | — | — |
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Drawdowns
QBTX vs. QBTZ - Drawdown Comparison
The maximum QBTX drawdown since its inception was -95.48%, roughly equal to the maximum QBTZ drawdown of -96.03%. Use the drawdown chart below to compare losses from any high point for QBTX and QBTZ.
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Drawdown Indicators
| QBTX | QBTZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.48% | -96.03% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -95.48% | — | — |
Current DrawdownCurrent decline from peak | -94.67% | -94.65% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -60.34% | -62.87% | +2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 74.79% | — | — |
Volatility
QBTX vs. QBTZ - Volatility Comparison
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Volatility by Period
| QBTX | QBTZ | 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% | 230.14% | -10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 237.92% | 230.14% | +7.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 237.92% | 230.14% | +7.78% |
QBTX vs. QBTZ - Expense Ratio Comparison
QBTX has a 1.30% expense ratio, which is higher than QBTZ's 1.29% expense ratio.
Dividends
QBTX vs. QBTZ - Dividend Comparison
QBTX's dividend yield for the trailing twelve months is around 57.13%, while QBTZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QBTX Tradr 2X Long QBTS Daily ETF | 57.13% | 13.20% |
QBTZ Defiance Daily Target 2X Short QBTS ETF | 0.00% | 0.00% |
Frequently Asked Questions
QBTX and QBTZ have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QBTZ is cheaper at 1.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QBTZ is cheaper with a 1.29% expense ratio, compared with 1.30% for QBTX.
QBTX has the higher dividend yield at 57.13%, compared with 0.00% for QBTZ.
QBTX is categorized as Leveraged Equities, while QBTZ is Inverse Equities. They also come from different issuers: AXS and Defiance. Their fees differ too: 1.30% for QBTX and 1.29% for QBTZ.
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