QBTZ vs. QBTX

Last updated Jun 5, 2026

QBTZ (Defiance Daily Target 2X Short QBTS ETF) and QBTX (Tradr 2X Long QBTS Daily ETF) are both exchange-traded funds - QBTZ is a Inverse Equities fund actively managed by Defiance ETFs, while QBTX is a Leveraged Equities fund managed by Tradr. At a correlation of -1.00, they often move in opposite directions. QBTZ charges 1.29%/yr vs 1.30%/yr for QBTX.

Performance

QBTZ vs. QBTX - Performance Comparison

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

Returns By Period

In the year-to-date period, QBTZ achieves a -86.84% return, which is significantly lower than QBTX's -33.43% return.

QBTZ

• 1D: -1.57%
• 1M: -73.34%
• YTD: -86.84%
• 6M: -88.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QBTX

• 1D: 1.43%
• 1M: 41.52%
• YTD: -33.43%
• 6M: -50.52%
• 1Y: -32.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QBTZ vs. QBTX - Yearly Performance Comparison

	2026 (YTD)	2025
QBTZ Defiance Daily Target 2X Short QBTS ETF	-86.84%	-50.03%
QBTX Tradr 2X Long QBTS Daily ETF	-33.43%	-65.57%

Correlation

The correlation between QBTZ and QBTX is -1.00, 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 8, 2025	-1.00

Return for Risk

QBTZ vs. QBTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBTX

QBTX Risk / Return Rank: 14
QBTX Sharpe Ratio Rank: 8
QBTX Sortino Ratio Rank: 26
QBTX Omega Ratio Rank: 23
QBTX Calmar Ratio Rank: 6
QBTX Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QBTZ vs. QBTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) and Tradr 2X Long QBTS Daily ETF (QBTX). 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	QBTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	0.63	-1.06

Drawdowns

QBTZ vs. QBTX - Drawdown Comparison

The maximum QBTZ drawdown since its inception was -96.03%, roughly equal to the maximum QBTX drawdown of -95.48%. Use the drawdown chart below to compare losses from any high point for QBTZ and QBTX.

Drawdown Indicators

	QBTZ	QBTX	Difference
Max Drawdown Largest peak-to-trough decline	-96.03%	-95.48%	-0.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-95.48%	—
Current Drawdown Current decline from peak	-95.42%	-84.63%	-10.79%
Average Drawdown Average peak-to-trough decline	-55.88%	-56.16%	+0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	67.22%	—

Volatility

Volatility by Period

	QBTZ	QBTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	77.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	148.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	234.44%	214.74%	+19.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	234.44%	241.54%	-7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	234.44%	241.54%	-7.10%

QBTZ vs. QBTX - Expense Ratio Comparison

QBTZ has a 1.29% expense ratio, which is lower than QBTX's 1.30% expense ratio.

Dividends

QBTZ vs. QBTX - Dividend Comparison

QBTZ has not paid dividends to shareholders, while QBTX's dividend yield for the trailing twelve months is around 19.82%.

Position	TTM	2025
QBTX Tradr 2X Long QBTS Daily ETF	19.82%	13.20%
QBTZ Defiance Daily Target 2X Short QBTS ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBTZ and QBTX in my portfolio?

QBTZ and QBTX have a correlation of -1.00, 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 QBTX?

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 QBTX?

QBTZ is cheaper with a 1.29% expense ratio, compared with 1.30% for QBTX.

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

QBTX has the higher dividend yield at 19.82%, compared with 0.00% for QBTZ.

What is the main difference between QBTZ and QBTX?

QBTZ is categorized as Inverse Equities, while QBTX is Leveraged Equities. They also come from different issuers: Defiance ETFs and Tradr. Their fees differ too: 1.29% for QBTZ and 1.30% for QBTX.