QPUX vs. TERG

Last updated Apr 2, 2026

Compare and contrast key facts about Defiance 2X Daily Long Pure Quantum ETF (QPUX) and Leverage Shares 2X Long TER Daily ETF (TERG).

QPUX and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

QPUX vs. TERG - Performance Comparison

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

QPUX vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
QPUX Defiance 2X Daily Long Pure Quantum ETF	-70.94%	-19.90%
TERG Leverage Shares 2X Long TER Daily ETF	124.98%	28.17%

Returns By Period

In the year-to-date period, QPUX achieves a -70.94% return, which is significantly lower than TERG's 124.98% return.

QPUX

• 1D: -7.04%
• 1M: -46.61%
• YTD: -70.94%
• 6M: -88.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TERG

• 1D: 10.94%
• 1M: -13.61%
• YTD: 124.98%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QPUX vs. TERG - Expense Ratio Comparison

QPUX has a 1.29% expense ratio, which is higher than TERG's 0.75% expense ratio.

QPUX

Defiance 2X Daily Long Pure Quantum ETF

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

QPUX vs. TERG - 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 TER Daily ETF (TERG). 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	TERG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	13.84	-14.31

Correlation

The correlation between QPUX and TERG is 0.46, 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. TERG - Dividend Comparison

Neither QPUX nor TERG has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

QPUX vs. TERG - Drawdown Comparison

The maximum QPUX drawdown since its inception was -94.73%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for QPUX and TERG.

Drawdown Indicators

	QPUX	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-39.32%	-55.41%
Current Drawdown Current decline from peak	-94.24%	-22.98%	-71.26%
Average Drawdown Average peak-to-trough decline	-57.15%	-9.92%	-47.23%

Volatility

Volatility by Period

	QPUX	TERG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	186.00%	124.92%	+61.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	186.00%	124.92%	+61.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	186.00%	124.92%	+61.08%