QPUX vs. MSTX
Compare and contrast key facts about Defiance 2X Daily Long Pure Quantum ETF (QPUX) and Defiance Daily Target 2X Long MSTR ETF (MSTX).
QPUX and MSTX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QPUX is an actively managed fund by Defiance. It was launched on Aug 6, 2025. MSTX is an actively managed fund by Defiance. It was launched on Aug 14, 2024.
Performance
QPUX vs. MSTX - Performance Comparison
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QPUX vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QPUX Defiance 2X Daily Long Pure Quantum ETF | -68.74% | -15.90% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -51.04% | -89.48% |
Returns By Period
In the year-to-date period, QPUX achieves a -68.74% return, which is significantly lower than MSTX's -51.04% return.
QPUX
- 1D
- 17.66%
- 1M
- -42.56%
- YTD
- -68.74%
- 6M
- -87.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTX
- 1D
- -3.58%
- 1M
- -24.90%
- YTD
- -51.04%
- 6M
- -91.98%
- 1Y
- -93.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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QPUX vs. MSTX - Expense Ratio Comparison
Both QPUX and MSTX have an expense ratio of 1.29%.
Return for Risk
QPUX vs. MSTX — Risk / Return Rank
QPUX
MSTX
QPUX vs. MSTX - 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 Daily Target 2X Long MSTR ETF (MSTX). 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 | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.47 | -0.43 | -0.05 |
Correlation
The correlation between QPUX and MSTX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QPUX vs. MSTX - Dividend Comparison
Neither QPUX nor MSTX has paid dividends to shareholders.
| TTM | 2025 | 2024 | |
|---|---|---|---|
QPUX Defiance 2X Daily Long Pure Quantum ETF | 0.00% | 0.00% | 0.00% |
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% |
Drawdowns
QPUX vs. MSTX - Drawdown Comparison
The maximum QPUX drawdown since its inception was -94.73%, roughly equal to the maximum MSTX drawdown of -98.66%. Use the drawdown chart below to compare losses from any high point for QPUX and MSTX.
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Drawdown Indicators
| QPUX | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.73% | -98.66% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -96.62% | — |
Current DrawdownCurrent decline from peak | -93.80% | -98.49% | +4.69% |
Average DrawdownAverage peak-to-trough decline | -56.93% | -67.02% | +10.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 65.14% | — |
Volatility
QPUX vs. MSTX - Volatility Comparison
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Volatility by Period
| QPUX | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 36.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 111.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 186.38% | 147.35% | +39.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 186.38% | 169.54% | +16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 186.38% | 169.54% | +16.84% |