QPUX vs. GLDY

Last updated Jun 4, 2026

QPUX (Defiance 2X Daily Long Pure Quantum ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - QPUX is a Leveraged Equities fund actively managed by Defiance, while GLDY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. QPUX charges 1.29%/yr vs 0.99%/yr for GLDY.

Performance

QPUX vs. GLDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance 2X Daily Long Pure Quantum ETF (QPUX) and Defiance Gold Enhanced Options Income ETF (GLDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QPUX achieves a -7.70% return, which is significantly lower than GLDY's -2.30% return.

QPUX

• 1D: -15.07%
• 1M: 59.73%
• YTD: -7.70%
• 6M: -29.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDY

• 1D: -0.58%
• 1M: -1.38%
• YTD: -2.30%
• 6M: -0.58%
• 1Y: 13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QPUX vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
QPUX Defiance 2X Daily Long Pure Quantum ETF	-7.70%	-15.90%
GLDY Defiance Gold Enhanced Options Income ETF	-2.30%	14.53%

Correlation

The correlation between QPUX and GLDY is 0.17, 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 Aug 8, 2025	0.17

Return for Risk

QPUX vs. GLDY — Risk / Return Rank

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

GLDY

GLDY Risk / Return Rank: 21
GLDY Sharpe Ratio Rank: 20
GLDY Sortino Ratio Rank: 18
GLDY Omega Ratio Rank: 23
GLDY Calmar Ratio Rank: 23
GLDY Martin Ratio Rank: 21

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.

QPUX vs. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance 2X Daily Long Pure Quantum ETF (QPUX) and Defiance Gold Enhanced Options Income ETF (GLDY). 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

	QPUX	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.14	0.56	-0.69

Drawdowns

QPUX vs. GLDY - Drawdown Comparison

The maximum QPUX drawdown since its inception was -94.73%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for QPUX and GLDY.

Drawdown Indicators

	QPUX	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-13.43%	-81.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.43%	—
Current Drawdown Current decline from peak	-81.69%	-13.12%	-68.57%
Average Drawdown Average peak-to-trough decline	-63.48%	-3.91%	-59.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.61%	—

Volatility

Volatility by Period

	QPUX	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	194.76%	19.87%	+174.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	194.76%	19.58%	+175.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	194.76%	19.58%	+175.18%

QPUX vs. GLDY - Expense Ratio Comparison

QPUX has a 1.29% expense ratio, which is higher than GLDY's 0.99% expense ratio.

Dividends

QPUX vs. GLDY - Dividend Comparison

QPUX has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 46.42%.

Position	TTM	2025
GLDY Defiance Gold Enhanced Options Income ETF	46.42%	37.38%
QPUX Defiance 2X Daily Long Pure Quantum ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both QPUX and GLDY in my portfolio?

QPUX and GLDY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QPUX or GLDY?

On fees, GLDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QPUX or GLDY?

GLDY is cheaper with a 0.99% expense ratio, compared with 1.29% for QPUX.

Which ETF pays a higher dividend yield, QPUX or GLDY?

GLDY has the higher dividend yield at 46.42%, compared with 0.00% for QPUX.

What is the main difference between QPUX and GLDY?

QPUX is categorized as Leveraged Equities, while GLDY is Derivative Income. Their fees differ too: 1.29% for QPUX and 0.99% for GLDY.