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 0.39 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 -71.23% return, which is significantly lower than GEVG's 106.82% return.
QPUX
- 1D
- -13.62%
- 1M
- -55.16%
- 6M
- -76.32%
- YTD
- -71.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GEVG
- 1D
- -4.06%
- 1M
- 5.90%
- 6M
- 117.21%
- YTD
- 106.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QPUX vs. GEVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QPUX Defiance 2X Daily Long Pure Quantum ETF | -71.23% | -6.63% |
GEVG Leverage Shares 2X Long GEV Daily ETF | 106.82% | -11.27% |
Correlation
The correlation between QPUX and GEVG is 0.39, 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 16, 2025 | 0.39 |
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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.
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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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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 -45.50%. 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% | -45.50% | -49.23% |
Current DrawdownCurrent decline from peak | -94.29% | -25.95% | -68.34% |
Average DrawdownAverage peak-to-trough decline | -70.47% | -12.01% | -58.46% |
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 | 198.75% | 102.65% | +96.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 198.75% | 102.65% | +96.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 198.75% | 102.65% | +96.10% |
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 0.39, 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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