QPUX vs. WDTE

Last updated Jun 25, 2026

QPUX (Defiance 2X Daily Long Pure Quantum ETF) and WDTE (Defiance S&P 500 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - QPUX is a Leveraged Equities fund actively managed by Defiance, while WDTE is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. QPUX charges 1.29%/yr vs 1.01%/yr for WDTE.

Performance

QPUX vs. WDTE - 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 S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QPUX achieves a -42.38% return, which is significantly lower than WDTE's 7.86% return.

QPUX

• 1D: -16.04%
• 1M: -43.68%
• YTD: -42.38%
• 6M: -52.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDTE

• 1D: -0.04%
• 1M: -1.58%
• YTD: 7.86%
• 6M: 7.08%
• 1Y: 18.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QPUX vs. WDTE - Yearly Performance Comparison

	2026 (YTD)	2025
QPUX Defiance 2X Daily Long Pure Quantum ETF	-42.38%	-55.09%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	7.86%	5.94%

Correlation

The correlation between QPUX and WDTE is 0.42, 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	0.42

Return for Risk

QPUX vs. WDTE — Risk / Return Rank

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

QPUX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

WDTE

WDTE Risk / Return Rank: 58
WDTE Sharpe Ratio Rank: 56
WDTE Sortino Ratio Rank: 51
WDTE Omega Ratio Rank: 61
WDTE Calmar Ratio Rank: 56
WDTE Martin Ratio Rank: 68

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. WDTE - 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 S&P 500 Enhanced Options & 0DTE Income ETF (WDTE). 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	WDTE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.70	—
Sortino ratio: Return per unit of downside risk	—	2.25	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	11.18	—

Drawdowns

QPUX vs. WDTE - Drawdown Comparison

The maximum QPUX drawdown since its inception was -94.73%, which is greater than WDTE's maximum drawdown of -15.85%. Use the drawdown chart below to compare losses from any high point for QPUX and WDTE.

Drawdown Indicators

	QPUX	WDTE	Difference
Max Drawdown Largest peak-to-trough decline	-94.73%	-15.85%	-78.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.65%	—
Current Drawdown Current decline from peak	-88.57%	-2.98%	-85.59%
Average Drawdown Average peak-to-trough decline	-69.08%	-1.84%	-67.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.67%	—

Volatility

Volatility by Period

	QPUX	WDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	201.87%	10.96%	+190.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	201.87%	11.51%	+190.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	201.87%	11.51%	+190.36%

QPUX vs. WDTE - Expense Ratio Comparison

QPUX has a 1.29% expense ratio, which is higher than WDTE's 1.01% expense ratio.

Dividends

QPUX vs. WDTE - Dividend Comparison

QPUX has not paid dividends to shareholders, while WDTE's dividend yield for the trailing twelve months is around 32.97%.

Position	TTM	2025	2024	2023
QPUX Defiance 2X Daily Long Pure Quantum ETF	0.00%	0.00%	0.00%	0.00%
WDTE Defiance S&P 500 Enhanced Options & 0DTE Income ETF	32.97%	35.78%	51.80%	16.41%

Frequently Asked Questions

Can I hold both QPUX and WDTE in my portfolio?

QPUX and WDTE have a correlation of 0.42, 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 WDTE?

On fees, WDTE is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QPUX or WDTE?

WDTE is cheaper with a 1.01% expense ratio, compared with 1.29% for QPUX.

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

WDTE has the higher dividend yield at 32.97%, compared with 0.00% for QPUX.

What is the main difference between QPUX and WDTE?

QPUX is categorized as Leveraged Equities, while WDTE is Derivative Income. Their fees differ too: 1.29% for QPUX and 1.01% for WDTE.