QBTZ vs. BMNZ
QBTZ (Defiance Daily Target 2X Short QBTS ETF) and BMNZ (Defiance Daily Target 2X Short BMNR ETF) are both Inverse Equities funds. QBTZ is actively managed, while BMNZ is passively managed. A 0.65 correlation means they provide meaningful diversification when combined. QBTZ charges 1.29%/yr vs 1.31%/yr for BMNZ.
Performance
QBTZ vs. BMNZ - Performance Comparison
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Returns By Period
In the year-to-date period, QBTZ achieves a -82.79% return, which is significantly lower than BMNZ's -2.72% return.
QBTZ
- 1D
- 10.29%
- 1M
- 4.01%
- 6M
- -78.88%
- YTD
- -82.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BMNZ
- 1D
- -3.77%
- 1M
- 2.74%
- 6M
- 34.57%
- YTD
- -2.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QBTZ vs. BMNZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | -82.79% | -47.21% |
BMNZ Defiance Daily Target 2X Short BMNR ETF | -2.72% | 15.30% |
Correlation
The correlation between QBTZ and BMNZ is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025 | 0.65 |
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Return for Risk
QBTZ vs. BMNZ - 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 Short BMNR ETF (BMNZ). 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.
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Drawdowns
QBTZ vs. BMNZ - Drawdown Comparison
The maximum QBTZ drawdown since its inception was -96.03%, which is greater than BMNZ's maximum drawdown of -70.80%. Use the drawdown chart below to compare losses from any high point for QBTZ and BMNZ.
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Drawdown Indicators
| QBTZ | BMNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -70.80% | -25.23% |
Current DrawdownCurrent decline from peak | -94.02% | -45.54% | -48.48% |
Average DrawdownAverage peak-to-trough decline | -60.50% | -49.95% | -10.55% |
Volatility
QBTZ vs. BMNZ - Volatility Comparison
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Volatility by Period
| QBTZ | BMNZ | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 229.09% | 184.01% | +45.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 229.09% | 184.01% | +45.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 229.09% | 184.01% | +45.08% |
QBTZ vs. BMNZ - Expense Ratio Comparison
QBTZ has a 1.29% expense ratio, which is lower than BMNZ's 1.31% expense ratio.
Dividends
QBTZ vs. BMNZ - Dividend Comparison
Neither QBTZ nor BMNZ has paid dividends to shareholders.
Frequently Asked Questions
QBTZ and BMNZ have a correlation of 0.65, 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 1.31% for BMNZ.
QBTZ and BMNZ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance ETFs and Defiance. Their fees differ too: 1.29% for QBTZ and 1.31% for BMNZ.
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