QPUX vs. GEVG
QPUX (Defiance 2X Daily Long Pure Quantum ETF) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.37 correlation, their price movements are largely independent. QPUX charges 1.29%/yr vs 0.75%/yr for GEVG.
Performance
QPUX vs. GEVG - Performance Comparison
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Returns By Period
In the year-to-date period, QPUX achieves a -7.70% return, which is significantly lower than GEVG's 88.18% return.
QPUX
- 1D
- -15.07%
- 1M
- 59.73%
- YTD
- -7.70%
- 6M
- -29.14%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVG
- 1D
- -2.09%
- 1M
- -22.22%
- YTD
- 88.18%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QPUX vs. GEVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QPUX Defiance 2X Daily Long Pure Quantum ETF | -7.70% | -14.39% |
GEVG Leverage Shares 2X Long GEV Daily ETF | 88.18% | -11.09% |
Correlation
The correlation between QPUX and GEVG is 0.37, 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 Dec 17, 2025 | 0.37 |
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Return for Risk
QPUX vs. GEVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Quantum ETF (QPUX) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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.
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Sharpe Ratios by Period
| QPUX | GEVG | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -0.14 | 2.17 | -2.31 |
Drawdowns
QPUX vs. GEVG - Drawdown Comparison
The maximum QPUX drawdown since its inception was -94.73%, which is greater than GEVG's maximum drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for QPUX and GEVG.
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Drawdown Indicators
| QPUX | GEVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.73% | -33.81% | -60.92% |
Current DrawdownCurrent decline from peak | -81.69% | -32.62% | -49.07% |
Average DrawdownAverage peak-to-trough decline | -63.48% | -9.25% | -54.23% |
Volatility
QPUX vs. GEVG - Volatility Comparison
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Volatility by Period
| QPUX | GEVG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 194.76% | 96.61% | +98.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 194.76% | 96.61% | +98.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 194.76% | 96.61% | +98.15% |
QPUX vs. GEVG - Expense Ratio Comparison
QPUX has a 1.29% expense ratio, which is higher than GEVG's 0.75% expense ratio.
Dividends
QPUX vs. GEVG - Dividend Comparison
Neither QPUX nor GEVG has paid dividends to shareholders.
Frequently Asked Questions
QPUX and GEVG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEVG is cheaper with a 0.75% expense ratio, compared with 1.29% for QPUX.
QPUX and GEVG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.29% for QPUX and 0.75% for GEVG.
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