QTUM vs. ^GSPC
QTUM (Defiance Quantum ETF) is Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, QTUM returned 27.81%/yr vs 11.91%/yr for ^GSPC. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
QTUM vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, QTUM achieves a 44.14% return, which is significantly higher than ^GSPC's 8.18% return.
QTUM
- 1D
- 3.25%
- 1M
- 8.85%
- YTD
- 44.14%
- 6M
- 39.20%
- 1Y
- 80.80%
- 3Y*
- 48.48%
- 5Y*
- 27.81%
- 10Y*
- —
^GSPC
- 1D
- 0.30%
- 1M
- 0.09%
- YTD
- 8.18%
- 6M
- 8.17%
- 1Y
- 23.42%
- 3Y*
- 19.88%
- 5Y*
- 11.91%
- 10Y*
- 13.45%
QTUM vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QTUM Defiance Quantum ETF | 44.14% | 36.65% | 50.54% | 39.86% | -28.80% | 35.18% | 42.05% | 47.99% | -19.44% |
^GSPC S&P 500 Index | 8.18% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -13.46% |
Correlation
The correlation between QTUM and ^GSPC is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018 | 0.83 |
The correlation between QTUM and ^GSPC has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
QTUM vs. ^GSPC — Risk / Return Rank
QTUM
^GSPC
QTUM vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) and S&P 500 Index (^GSPC). 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.
| QTUM | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 2.59 | +2.74 |
| Martin ratioReturn relative to average drawdown | 19.76 | 11.84 | +7.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTUM | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.94 | 1.94 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.71 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.47 | +0.56 |
Drawdowns
QTUM vs. ^GSPC - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for QTUM and ^GSPC.
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Drawdown Indicators
| QTUM | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -56.78% | +18.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -9.10% | -6.16% |
Max Drawdown (3Y)Largest decline over 3 years | -25.39% | -18.90% | -6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -25.43% | -13.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.53% | -2.68% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -10.72% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 1.98% | +2.12% |
Volatility
QTUM vs. ^GSPC - Volatility Comparison
Defiance Quantum ETF (QTUM) has a higher volatility of 13.41% compared to S&P 500 Index (^GSPC) at 3.80%. This indicates that QTUM's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTUM | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 3.80% | +9.61% |
Volatility (6M)Calculated over the trailing 6-month period | 22.31% | 9.41% | +12.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.73% | 12.17% | +15.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.85% | 16.94% | +9.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.34% | 18.09% | +9.25% |
Frequently Asked Questions
QTUM and ^GSPC have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QTUM has higher volatility (13.41%) compared to ^GSPC (3.80%). In terms of maximum drawdown, QTUM dropped -38.45% vs ^GSPC's -56.78%.
QTUM currently has the higher Sharpe Ratio (2.94 vs 1.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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