QBTZ vs. AVXX

Last updated Jun 23, 2026

QBTZ (Defiance Daily Target 2X Short QBTS ETF) and AVXX (Defiance Daily Target 2X Long AVAV ETF) are both exchange-traded funds - QBTZ is a Inverse Equities fund actively managed by Defiance ETFs, while AVXX is a Leveraged Equities fund actively managed by Defiance ETFs. Both are actively managed. At a correlation of -0.51, they often move in opposite directions. QBTZ charges 1.29%/yr vs 1.31%/yr for AVXX.

Performance

QBTZ vs. AVXX - Performance Comparison

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

Returns By Period

In the year-to-date period, QBTZ achieves a -86.49% return, which is significantly lower than AVXX's -75.03% return.

QBTZ

• 1D: 1.31%
• 1M: 10.26%
• YTD: -86.49%
• 6M: -80.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVXX

• 1D: -21.27%
• 1M: -31.30%
• YTD: -75.03%
• 6M: -77.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTZ vs. AVXX - Yearly Performance Comparison

	2026 (YTD)	2025
QBTZ Defiance Daily Target 2X Short QBTS ETF	-86.49%	-40.87%
AVXX Defiance Daily Target 2X Long AVAV ETF	-75.03%	-60.92%

Correlation

The correlation between QBTZ and AVXX is -0.51, 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 (All Time) Calculated using the full available price history since Oct 24, 2025	-0.51

Return for Risk

QBTZ vs. AVXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) and Defiance Daily Target 2X Long AVAV ETF (AVXX). 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.

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

Drawdowns

QBTZ vs. AVXX - Drawdown Comparison

The maximum QBTZ drawdown since its inception was -96.03%, which is greater than AVXX's maximum drawdown of -90.84%. Use the drawdown chart below to compare losses from any high point for QBTZ and AVXX.

Drawdown Indicators

	QBTZ	AVXX	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	-90.84%	-5.19%
Current Drawdown Current decline from peak	-95.30%	-90.84%	-4.46%
Average Drawdown Average peak-to-trough decline	-57.98%	-63.29%	+5.31%

Volatility

Volatility by Period

	QBTZ	AVXX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	234.75%	154.27%	+80.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	234.75%	154.27%	+80.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	234.75%	154.27%	+80.48%

QBTZ vs. AVXX - Expense Ratio Comparison

QBTZ has a 1.29% expense ratio, which is lower than AVXX's 1.31% expense ratio.

Dividends

QBTZ vs. AVXX - Dividend Comparison

QBTZ has not paid dividends to shareholders, while AVXX's dividend yield for the trailing twelve months is around 1.44%.

Position	TTM	2025
AVXX Defiance Daily Target 2X Long AVAV ETF	1.44%	0.36%
QBTZ Defiance Daily Target 2X Short QBTS ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBTZ and AVXX in my portfolio?

QBTZ and AVXX have a correlation of -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QBTZ or AVXX?

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.

Which ETF is cheaper, QBTZ or AVXX?

QBTZ is cheaper with a 1.29% expense ratio, compared with 1.31% for AVXX.

Which ETF pays a higher dividend yield, QBTZ or AVXX?

AVXX has the higher dividend yield at 1.44%, compared with 0.00% for QBTZ.

What is the main difference between QBTZ and AVXX?

QBTZ is categorized as Inverse Equities, while AVXX is Leveraged Equities. Their fees differ too: 1.29% for QBTZ and 1.31% for AVXX.