QBTZ vs. ELIS

Last updated Jun 4, 2026

QBTZ (Defiance Daily Target 2X Short QBTS ETF) and ELIS (Direxion Daily LLY Bear 1X Shares) are both Inverse Equities funds. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. QBTZ charges 1.29%/yr vs 0.97%/yr for ELIS.

Performance

QBTZ vs. ELIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Short QBTS ETF (QBTZ) and Direxion Daily LLY Bear 1X Shares (ELIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QBTZ

• 1D: 16.41%
• 1M: -74.19%
• YTD: -86.63%
• 6M: -91.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELIS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTZ vs. ELIS - Yearly Performance Comparison

	2026 (YTD)	2025
QBTZ Defiance Daily Target 2X Short QBTS ETF	-86.63%	-50.03%
ELIS Direxion Daily LLY Bear 1X Shares	11.37%	-21.46%

Correlation

The correlation between QBTZ and ELIS is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	-0.00

Return for Risk

QBTZ vs. ELIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) and Direxion Daily LLY Bear 1X Shares (ELIS). 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.

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

Sharpe Ratios by Period

	QBTZ	ELIS	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	—	—

Drawdowns

Drawdown Indicators

	QBTZ	ELIS	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	—	—
Current Drawdown Current decline from peak	-95.35%	—	—
Average Drawdown Average peak-to-trough decline	-55.63%	—	—

Volatility

Volatility by Period

	QBTZ	ELIS	Difference
Volatility (1Y) Calculated over the trailing 1-year period	235.15%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	235.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	235.15%	—	—

QBTZ vs. ELIS - Expense Ratio Comparison

QBTZ has a 1.29% expense ratio, which is higher than ELIS's 0.97% expense ratio.

Dividends

QBTZ vs. ELIS - Dividend Comparison

QBTZ has not paid dividends to shareholders, while ELIS's dividend yield for the trailing twelve months is around 5.26%.

Position	TTM	2025
ELIS Direxion Daily LLY Bear 1X Shares	5.26%	5.86%
QBTZ Defiance Daily Target 2X Short QBTS ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBTZ and ELIS in my portfolio?

QBTZ and ELIS have a correlation of -0.00, 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 ELIS?

On fees, ELIS is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QBTZ or ELIS?

ELIS is cheaper with a 0.97% expense ratio, compared with 1.29% for QBTZ.

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

ELIS has the higher dividend yield at 5.26%, compared with 0.00% for QBTZ.

What is the main difference between QBTZ and ELIS?

They also come from different issuers: Defiance ETFs and Direxion. Their fees differ too: 1.29% for QBTZ and 0.97% for ELIS.