QBTZ vs. TSLZ
QBTZ (Defiance Daily Target 2X Short QBTS ETF) and TSLZ (T-Rex 2X Inverse Tesla Daily Target ETF) are both Inverse Equities funds. Both are actively managed. Their 0.43 correlation means their historical movements had little consistent relationship. QBTZ charges 1.29%/yr vs 1.05%/yr for TSLZ.
Performance
QBTZ vs. TSLZ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QBTZ achieves a -84.61% return, which is significantly lower than TSLZ's 45.39% return.
QBTZ
- 1D
- -1.12%
- 1M
- 5.00%
- 6M
- -87.87%
- YTD
- -84.61%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TSLZ
- 1D
- -1.43%
- 1M
- 44.35%
- 6M
- 37.89%
- YTD
- 45.39%
- 1Y
- -48.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -71.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.48M | $12.89M | $20.27M | |
| $39.89M | $35.72M | $42.79M |
QBTZ vs. TSLZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | -84.61% | -47.53% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 45.39% | -12.49% |
Correlation
The correlation between QBTZ and TSLZ is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025 | 0.43 |
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. TSLZ — Risk / Return Rank
QBTZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSLZ
QBTZ vs. TSLZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Short QBTS ETF (QBTZ) and T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ). 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 | TSLZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.96 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.67 | — |
| Martin ratioReturn relative to average drawdown | — | -0.82 | — |
Loading charts...
Drawdowns
QBTZ vs. TSLZ - Drawdown Comparison
The maximum QBTZ drawdown since its inception was -96.03%, roughly equal to the maximum TSLZ drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for QBTZ and TSLZ.
Loading charts...
Drawdown Indicators
| QBTZ | TSLZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.03% | -99.11% | +3.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.73% | — |
Current DrawdownCurrent decline from peak | -94.65% | -98.47% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -62.87% | -76.60% | +13.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 56.63% | — |
Volatility
QBTZ vs. TSLZ - Volatility Comparison
Loading charts...
Volatility by Period
| QBTZ | TSLZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 37.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 67.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 230.14% | 91.79% | +138.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 230.14% | 117.68% | +112.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 230.14% | 117.68% | +112.46% |
QBTZ vs. TSLZ - Expense Ratio Comparison
QBTZ has a 1.29% expense ratio, which is higher than TSLZ's 1.05% expense ratio.
Dividends
QBTZ vs. TSLZ - Dividend Comparison
QBTZ has not paid dividends to shareholders, while TSLZ's dividend yield for the trailing twelve months is around 0.47%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QBTZ Defiance Daily Target 2X Short QBTS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
TSLZ T-Rex 2X Inverse Tesla Daily Target ETF | 0.47% | 0.69% | 2.08% | 12.15% |
Frequently Asked Questions
QBTZ and TSLZ have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSLZ is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSLZ is cheaper with a 1.05% expense ratio, compared with 1.29% for QBTZ.
TSLZ has the higher dividend yield at 0.47%, compared with 0.00% for QBTZ.
They also come from different issuers: Defiance and T-Rex. Their fees differ too: 1.29% for QBTZ and 1.05% for TSLZ.
Find the right allocation for QBTZ and TSLZ
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