QPUX vs. QQQY
QPUX (Defiance 2X Daily Long Pure Quantum ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - QPUX is a Leveraged Equities fund actively managed by Defiance, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. QPUX charges 1.29%/yr vs 0.99%/yr for QQQY.
Performance
QPUX vs. QQQY - 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 QQQY's 14.37% return.
QPUX
- 1D
- -13.62%
- 1M
- -55.16%
- 6M
- -76.32%
- YTD
- -71.23%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY
- 1D
- -1.64%
- 1M
- -2.35%
- 6M
- 12.95%
- YTD
- 14.37%
- 1Y
- 24.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QPUX vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QPUX Defiance 2X Daily Long Pure Quantum ETF | -71.23% | -55.09% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 14.37% | 7.28% |
Correlation
The correlation between QPUX and QQQY is 0.49, 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 7, 2025 | 0.49 |
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Return for Risk
QPUX vs. QQQY — Risk / Return Rank
QPUX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQY
QPUX vs. QQQY - 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 Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.
| QPUX | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.17 | — |
| Martin ratioReturn relative to average drawdown | — | 8.48 | — |
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Drawdowns
QPUX vs. QQQY - Drawdown Comparison
The maximum QPUX drawdown since its inception was -94.73%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for QPUX and QQQY.
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Drawdown Indicators
| QPUX | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.73% | -19.05% | -75.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.14% | — |
Current DrawdownCurrent decline from peak | -94.29% | -4.30% | -89.99% |
Average DrawdownAverage peak-to-trough decline | -70.47% | -2.91% | -67.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.85% | — |
Volatility
QPUX vs. QQQY - Volatility Comparison
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Volatility by Period
| QPUX | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.62% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 198.75% | 16.67% | +182.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 198.75% | 15.58% | +183.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 198.75% | 15.58% | +183.17% |
QPUX vs. QQQY - Expense Ratio Comparison
QPUX has a 1.29% expense ratio, which is higher than QQQY's 0.99% expense ratio.
Dividends
QPUX vs. QQQY - Dividend Comparison
QPUX has not paid dividends to shareholders, while QQQY's dividend yield for the trailing twelve months is around 37.71%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QPUX Defiance 2X Daily Long Pure Quantum ETF | 0.00% | 0.00% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 37.71% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
QPUX and QQQY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQY is cheaper with a 0.99% expense ratio, compared with 1.29% for QPUX.
QQQY has the higher dividend yield at 37.71%, compared with 0.00% for QPUX.
QPUX is categorized as Leveraged Equities, while QQQY is Nasdaq-100. Their fees differ too: 1.29% for QPUX and 0.99% for QQQY.
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