QBTZ vs. EMTY
QBTZ (Defiance Daily Target 2X Short QBTS ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both Inverse Equities funds. QBTZ is actively managed, while EMTY is passively managed. At a 0.15 correlation, their price movements are largely independent. QBTZ charges 1.29%/yr vs 0.66%/yr for EMTY.
Performance
QBTZ vs. EMTY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QBTZ achieves a -86.49% return, which is significantly lower than EMTY's 0.81% return.
QBTZ
- 1D
- 1.31%
- 1M
- 10.26%
- YTD
- -86.49%
- 6M
- -80.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMTY
- 1D
- 1.05%
- 1M
- 0.74%
- YTD
- 0.81%
- 6M
- 2.11%
- 1Y
- -1.61%
- 3Y*
- -3.45%
- 5Y*
- -2.56%
- 10Y*
- —
QBTZ vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | -86.49% | -47.53% |
EMTY ProShares Decline of the Retail Store ETF | 0.81% | 5.08% |
Correlation
The correlation between QBTZ and EMTY is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QBTZ vs. EMTY — Risk / Return Rank
QBTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EMTY
QBTZ vs. EMTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) and ProShares Decline of the Retail Store ETF (EMTY). 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.
| QBTZ | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.00 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.12 | — |
| Martin ratioReturn relative to average drawdown | — | -0.22 | — |
Loading charts...
Drawdowns
QBTZ vs. EMTY - Drawdown Comparison
The maximum QBTZ drawdown since its inception was -96.03%, which is greater than EMTY's maximum drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for QBTZ and EMTY.
Loading charts...
Drawdown Indicators
| QBTZ | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -77.62% | -18.41% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.91% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -95.30% | -74.84% | -20.46% |
Average DrawdownAverage peak-to-trough decline | -57.98% | -54.38% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.50% | — |
Volatility
QBTZ vs. EMTY - Volatility Comparison
Loading charts...
Volatility by Period
| QBTZ | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 234.75% | 17.80% | +216.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 234.75% | 22.36% | +212.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 234.75% | 25.64% | +209.11% |
QBTZ vs. EMTY - Expense Ratio Comparison
QBTZ has a 1.29% expense ratio, which is higher than EMTY's 0.66% expense ratio.
Dividends
QBTZ vs. EMTY - Dividend Comparison
QBTZ has not paid dividends to shareholders, while EMTY's dividend yield for the trailing twelve months is around 3.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMTY ProShares Decline of the Retail Store ETF | 3.46% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
QBTZ Defiance Daily Target 2X Short QBTS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBTZ and EMTY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMTY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMTY is cheaper with a 0.66% expense ratio, compared with 1.29% for QBTZ.
EMTY has the higher dividend yield at 3.46%, compared with 0.00% for QBTZ.
They also come from different issuers: Defiance ETFs and ProShares. Their fees differ too: 1.29% for QBTZ and 0.66% for EMTY.
Find the right allocation for QBTZ and EMTY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer