QSU vs. GRAG
QSU (Defiance Daily Target 2X Long QS ETF) and GRAG (Leverage Shares 2X Long GRAB Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. QSU charges 1.31%/yr vs 0.75%/yr for GRAG.
Performance
QSU vs. GRAG - Performance Comparison
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Returns By Period
In the year-to-date period, QSU achieves a -80.79% return, which is significantly lower than GRAG's -55.87% return.
QSU
- 1D
- -2.07%
- 1M
- -34.38%
- 6M
- -80.73%
- YTD
- -80.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GRAG
- 1D
- -8.67%
- 1M
- 4.60%
- 6M
- -41.78%
- YTD
- -55.87%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QSU vs. GRAG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QSU Defiance Daily Target 2X Long QS ETF | -80.79% | -33.54% |
GRAG Leverage Shares 2X Long GRAB Daily ETF | -55.87% | -5.79% |
Correlation
The correlation between QSU and GRAG is 0.32, 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 Dec 11, 2025 | 0.32 |
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Return for Risk
QSU vs. GRAG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long QS ETF (QSU) and Leverage Shares 2X Long GRAB Daily ETF (GRAG). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Drawdowns
QSU vs. GRAG - Drawdown Comparison
The maximum QSU drawdown since its inception was -94.77%, which is greater than GRAG's maximum drawdown of -65.33%. Use the drawdown chart below to compare losses from any high point for QSU and GRAG.
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Drawdown Indicators
| QSU | GRAG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.77% | -65.33% | -29.44% |
Current DrawdownCurrent decline from peak | -94.77% | -60.24% | -34.53% |
Average DrawdownAverage peak-to-trough decline | -76.34% | -43.15% | -33.19% |
Volatility
QSU vs. GRAG - Volatility Comparison
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Volatility by Period
| QSU | GRAG | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 153.29% | 70.99% | +82.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 153.29% | 70.99% | +82.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 153.29% | 70.99% | +82.30% |
QSU vs. GRAG - Expense Ratio Comparison
QSU has a 1.31% expense ratio, which is higher than GRAG's 0.75% expense ratio.
Dividends
QSU vs. GRAG - Dividend Comparison
Neither QSU nor GRAG has paid dividends to shareholders.
Frequently Asked Questions
QSU and GRAG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GRAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GRAG is cheaper with a 0.75% expense ratio, compared with 1.31% for QSU.
QSU and GRAG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Leverage Shares. Their fees differ too: 1.31% for QSU and 0.75% for GRAG.
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