QBUL vs. CTIF

Last updated Aug 4, 2026

QBUL (TrueShares Quarterly Bull Hedge ETF) and CTIF (Castellan Targeted Income ETF) are both exchange-traded funds - QBUL is a Options Trading fund actively managed by TrueShares, while CTIF is a Derivative Income fund actively managed by Castellan. Both are actively managed. Over the past year, QBUL returned 3.47% vs 14.52% for CTIF. Their 0.56 correlation means they have sometimes moved together and sometimes differently. QBUL charges 0.79%/yr vs 0.45%/yr for CTIF.

Performance

QBUL vs. CTIF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Quarterly Bull Hedge ETF (QBUL) and Castellan Targeted Income ETF (CTIF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBUL achieves a 1.35% return, which is significantly lower than CTIF's 10.45% return.

QBUL

• 1D: 0.29%
• 1M: 0.06%
• 6M: 1.41%
• YTD: 1.35%
• 1Y: 3.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.25%

CTIF

• 1D: 1.03%
• 1M: 5.15%
• 6M: 7.21%
• YTD: 10.45%
• 1Y: 14.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.22%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CTIF Castellan Targeted Income ETF	$144.86K	$160.90K	$259.16K
QBUL TrueShares Quarterly Bull Hedge ETF	$1.95M	$952.09K	$688.11K

QBUL vs. CTIF - Yearly Performance Comparison

	2026 (YTD)	2025
QBUL TrueShares Quarterly Bull Hedge ETF	1.35%	2.75%
CTIF Castellan Targeted Income ETF	10.45%	3.87%

Correlation

The correlation between QBUL and CTIF is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (All Time) Calculated using the full available price history since Jun 25, 2025	0.56

The correlation between QBUL and CTIF has been stable across timeframes, ranging from 0.56 to 0.56 - a consistent structural relationship.

Return for Risk

QBUL vs. CTIF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QBUL

QBUL Risk / Return Rank: 33
QBUL Sharpe Ratio Rank: 35
QBUL Sortino Ratio Rank: 32
QBUL Omega Ratio Rank: 33
QBUL Calmar Ratio Rank: 38
QBUL Martin Ratio Rank: 29

CTIF

CTIF Risk / Return Rank: 42
CTIF Sharpe Ratio Rank: 42
CTIF Sortino Ratio Rank: 42
CTIF Omega Ratio Rank: 39
CTIF Calmar Ratio Rank: 40
CTIF Martin Ratio Rank: 46

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QBUL vs. CTIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bull Hedge ETF (QBUL) and Castellan Targeted Income ETF (CTIF). 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.

	QBUL	CTIF	Difference
Sharpe ratio: Return per unit of total volatility	0.91	1.15	-0.24
Sortino ratio: Return per unit of downside risk	1.28	1.69	-0.41
Omega ratio: Gain probability vs. loss probability	1.17	1.20	-0.03
Calmar ratio: Return relative to maximum drawdown	1.42	1.55	-0.12
Martin ratio: Return relative to average drawdown	2.52	5.63	-3.11

QBUL vs. CTIF - Sharpe Ratio Comparison

The current QBUL Sharpe Ratio is 0.91, which is comparable to the CTIF Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of QBUL and CTIF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QBUL vs. CTIF - Drawdown Comparison

The maximum QBUL drawdown since its inception was -2.45%, smaller than the maximum CTIF drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for QBUL and CTIF.

Drawdown Indicators

	QBUL	CTIF	Difference
Max Drawdown Largest peak-to-trough decline	-2.45%	-9.43%	+6.98%
Max Drawdown (1Y) Largest decline over 1 year	-2.45%	-9.43%	+6.98%
Current Drawdown Current decline from peak	-1.42%	0.00%	-1.42%
Average Drawdown Average peak-to-trough decline	-1.02%	-1.75%	+0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	2.59%	-1.21%

Volatility

QBUL vs. CTIF - Volatility Comparison

The current volatility for TrueShares Quarterly Bull Hedge ETF (QBUL) is 0.82%, while Castellan Targeted Income ETF (CTIF) has a volatility of 3.91%. This indicates that QBUL experiences smaller price fluctuations and is considered to be less risky than CTIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBUL	CTIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	3.91%	-3.09%
Volatility (6M) Calculated over the trailing 6-month period	2.74%	9.80%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	3.84%	12.71%	-8.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.87%	12.63%	-8.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.87%	12.63%	-8.76%

QBUL vs. CTIF - Expense Ratio Comparison

QBUL has a 0.79% expense ratio, which is higher than CTIF's 0.45% expense ratio.

Dividends

QBUL vs. CTIF - Dividend Comparison

QBUL's dividend yield for the trailing twelve months is around 8.82%, more than CTIF's 4.70% yield.

Position	TTM	2025	2024
CTIF Castellan Targeted Income ETF	4.70%	2.55%	0.00%
QBUL TrueShares Quarterly Bull Hedge ETF	8.82%	8.94%	1.82%

Frequently Asked Questions

Can I hold both QBUL and CTIF in my portfolio?

QBUL and CTIF have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBUL or CTIF?

CTIF has higher volatility (3.91%) compared to QBUL (0.82%). In terms of maximum drawdown, QBUL dropped -2.45% vs CTIF's -9.43%.

Which ETF is better, QBUL or CTIF?

On 1-year performance, CTIF leads with 14.52% vs 3.47% for QBUL. On fees, CTIF is cheaper at 0.45% per year. On volatility, QBUL has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBUL or CTIF?

Over the 1-year period, CTIF has performed better with a 14.52% return vs 3.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBUL or CTIF?

CTIF is cheaper with a 0.45% expense ratio, compared with 0.79% for QBUL.

Which ETF pays a higher dividend yield, QBUL or CTIF?

QBUL has the higher dividend yield at 8.82%, compared with 4.70% for CTIF.

What is the main difference between QBUL and CTIF?

QBUL is categorized as Options Trading, while CTIF is Derivative Income. They also come from different issuers: TrueShares and Castellan. Their fees differ too: 0.79% for QBUL and 0.45% for CTIF.

Which has better risk-adjusted returns?

CTIF currently has the higher Sharpe Ratio (1.15 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.