QSU vs. IWMY
QSU (Defiance Daily Target 2X Long QS ETF) and IWMY (Defiance R2000 Weekly Distribution ETF) are both exchange-traded funds - QSU is a Leveraged Equities fund actively managed by Defiance, while IWMY is a Options Trading fund actively managed by Defiance. Both are actively managed. A 0.64 correlation means they provide meaningful diversification when combined. QSU charges 1.31%/yr vs 1.05%/yr for IWMY.
Performance
QSU vs. IWMY - Performance Comparison
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Returns By Period
In the year-to-date period, QSU achieves a -85.70% return, which is significantly lower than IWMY's 13.68% return.
QSU
- 1D
- -25.63%
- 1M
- -56.89%
- 6M
- -86.22%
- YTD
- -85.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IWMY
- 1D
- -0.53%
- 1M
- -1.09%
- 6M
- 5.62%
- YTD
- 13.68%
- 1Y
- 16.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $719.19K | $822.77K | $1.05M | |
| $1.22M | $1.05M | $1.81M |
QSU vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QSU Defiance Daily Target 2X Long QS ETF | -85.70% | -65.11% |
IWMY Defiance R2000 Weekly Distribution ETF | 13.68% | -2.45% |
Correlation
The correlation between QSU and IWMY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.64 |
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Return for Risk
QSU vs. IWMY — Risk / Return Rank
QSU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IWMY
QSU vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long QS ETF (QSU) and Defiance R2000 Weekly Distribution ETF (IWMY). 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.
| QSU | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.41 | — |
| Martin ratioReturn relative to average drawdown | — | 4.58 | — |
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Drawdowns
QSU vs. IWMY - Drawdown Comparison
The maximum QSU drawdown since its inception was -96.11%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for QSU and IWMY.
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Drawdown Indicators
| QSU | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.11% | -18.72% | -77.39% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.57% | — |
Current DrawdownCurrent decline from peak | -96.11% | -2.35% | -93.76% |
Average DrawdownAverage peak-to-trough decline | -76.73% | -2.89% | -73.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.55% | — |
Volatility
QSU vs. IWMY - Volatility Comparison
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Volatility by Period
| QSU | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.44% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.55% | 16.23% | +138.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.55% | 15.80% | +138.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.55% | 15.80% | +138.75% |
QSU vs. IWMY - Expense Ratio Comparison
QSU has a 1.31% expense ratio, which is higher than IWMY's 1.05% expense ratio.
Dividends
QSU vs. IWMY - Dividend Comparison
QSU has not paid dividends to shareholders, while IWMY's dividend yield for the trailing twelve months is around 43.42%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IWMY Defiance R2000 Weekly Distribution ETF | 43.42% | 63.33% | 107.92% | 11.34% |
QSU Defiance Daily Target 2X Long QS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QSU and IWMY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWMY is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWMY is cheaper with a 1.05% expense ratio, compared with 1.31% for QSU.
IWMY has the higher dividend yield at 43.42%, compared with 0.00% for QSU.
QSU is categorized as Leveraged Equities, while IWMY is Options Trading. Their fees differ too: 1.31% for QSU and 1.05% for IWMY.
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