QBTZ vs. IWMY
QBTZ (Defiance Daily Target 2X Short QBTS ETF) and IWMY (Defiance R2000 Weekly Distribution ETF) are both exchange-traded funds - QBTZ is a Inverse Equities fund actively managed by Defiance, while IWMY is a Options Trading fund actively managed by Defiance. Both are actively managed. Their -0.62 correlation means they have often moved in opposite directions in the past. QBTZ charges 1.29%/yr vs 1.05%/yr for IWMY.
Performance
QBTZ vs. IWMY - Performance Comparison
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Returns By Period
In the year-to-date period, QBTZ achieves a -84.61% return, which is significantly lower than IWMY's 13.35% return.
QBTZ
- 1D
- -1.12%
- 1M
- 5.00%
- 6M
- -87.87%
- YTD
- -84.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWMY
- 1D
- -0.41%
- 1M
- -1.97%
- 6M
- 9.10%
- YTD
- 13.35%
- 1Y
- 19.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $636.13K | $744.03K | $1.04M | |
| $14.48M | $12.89M | $20.27M |
QBTZ vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | -84.61% | -47.53% |
IWMY Defiance R2000 Weekly Distribution ETF | 13.35% | -5.70% |
Correlation
The correlation between QBTZ and IWMY is -0.62, 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 | -0.62 |
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Return for Risk
QBTZ vs. IWMY — Risk / Return Rank
QBTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMY
QBTZ vs. IWMY - 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 R2000 Weekly Distribution ETF (IWMY). 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 | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.20 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.58 | — |
| Martin ratioReturn relative to average drawdown | — | 5.12 | — |
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Drawdowns
QBTZ vs. IWMY - Drawdown Comparison
The maximum QBTZ drawdown since its inception was -96.03%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for QBTZ and IWMY.
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Drawdown Indicators
| QBTZ | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -18.72% | -77.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.57% | — |
Current DrawdownCurrent decline from peak | -94.65% | -2.64% | -92.01% |
Average DrawdownAverage peak-to-trough decline | -62.87% | -2.88% | -59.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.56% | — |
Volatility
QBTZ vs. IWMY - Volatility Comparison
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Volatility by Period
| QBTZ | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 230.14% | 16.30% | +213.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 230.14% | 15.78% | +214.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 230.14% | 15.78% | +214.36% |
QBTZ vs. IWMY - Expense Ratio Comparison
QBTZ has a 1.29% expense ratio, which is higher than IWMY's 1.05% expense ratio.
Dividends
QBTZ vs. IWMY - Dividend Comparison
QBTZ has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 41.85%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IWMY Defiance R2000 Weekly Distribution ETF | 41.85% | 63.33% | 107.92% | 11.34% |
QBTZ Defiance Daily Target 2X Short QBTS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBTZ and IWMY have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMY is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMY is cheaper with a 1.05% expense ratio, compared with 1.29% for QBTZ.
IWMY has the higher dividend yield at 41.85%, compared with 0.00% for QBTZ.
QBTZ is categorized as Inverse Equities, while IWMY is Options Trading. Their fees differ too: 1.29% for QBTZ and 1.05% for IWMY.
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