QTUM vs. MSTX
QTUM (Defiance Quantum ETF) and MSTX (Defiance Daily Target 2X Long MSTR ETF) are both exchange-traded funds - QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index, while MSTX is a Leveraged Equities fund actively managed by Defiance. QTUM is passively managed, while MSTX is actively managed. Over the past year, QTUM returned 63.01% vs -97.33% for MSTX. Their 0.50 correlation means they have sometimes moved together and sometimes differently. QTUM charges 0.40%/yr vs 1.29%/yr for MSTX.
Performance
QTUM vs. MSTX - Performance Comparison
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Returns By Period
In the year-to-date period, QTUM achieves a 33.62% return, which is significantly higher than MSTX's -78.55% return.
QTUM
- 1D
- 3.36%
- 1M
- -5.82%
- 6M
- 25.52%
- YTD
- 33.62%
- 1Y
- 63.01%
- 3Y*
- 42.90%
- 5Y*
- 25.08%
- 10Y*
- —
- ALL TIME*
- 26.11%
MSTX
- 1D
- 2.74%
- 1M
- -15.97%
- 6M
- -72.56%
- YTD
- -78.55%
- 1Y
- -97.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -77.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $55.75M | $61.98M | $78.79M | |
| $54.81M | $58.16M | $111.60M |
QTUM vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QTUM Defiance Quantum ETF | 33.62% | 36.65% | 37.88% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -78.55% | -89.06% | 134.05% |
Correlation
The correlation between QTUM and MSTX is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2024 | 0.50 |
The correlation between QTUM and MSTX has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
QTUM vs. MSTX — Risk / Return Rank
QTUM
MSTX
QTUM vs. MSTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Quantum ETF (QTUM) and Defiance Daily Target 2X Long MSTR ETF (MSTX). 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.
| QTUM | MSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.76 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | -0.99 | +3.94 |
| Martin ratioReturn relative to average drawdown | 10.67 | -1.20 | +11.87 |
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Drawdowns
QTUM vs. MSTX - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum MSTX drawdown of -99.46%. Use the drawdown chart below to compare losses from any high point for QTUM and MSTX.
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Drawdown Indicators
| QTUM | MSTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -99.46% | +61.01% |
Max Drawdown (1Y)Largest decline over 1 year | -21.51% | -98.15% | +76.64% |
Max Drawdown (3Y)Largest decline over 3 years | -25.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | — | — |
Current DrawdownCurrent decline from peak | -13.35% | -99.34% | +85.99% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -72.24% | +63.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 80.85% | -74.93% |
Volatility
QTUM vs. MSTX - Volatility Comparison
The current volatility for Defiance Quantum ETF (QTUM) is 11.63%, while Defiance Daily Target 2X Long MSTR ETF (MSTX) has a volatility of 33.10%. This indicates that QTUM experiences smaller price fluctuations and is considered to be less risky than MSTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTUM | MSTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.63% | 33.10% | -21.47% |
Volatility (6M)Calculated over the trailing 6-month period | 26.50% | 120.28% | -93.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.77% | 149.19% | -117.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 167.01% | -139.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.70% | 167.01% | -139.31% |
QTUM vs. MSTX - Expense Ratio Comparison
QTUM has a 0.40% expense ratio, which is lower than MSTX's 1.29% expense ratio.
Dividends
QTUM vs. MSTX - Dividend Comparison
QTUM's dividend yield for the trailing twelve months is around 0.81%, while MSTX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
MSTX Defiance Daily Target 2X Long MSTR ETF | 0.00% | 0.00% | 41.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QTUM Defiance Quantum ETF | 0.81% | 1.01% | 0.61% | 0.81% | 1.46% | 0.48% | 0.42% | 0.61% | 0.21% |
Frequently Asked Questions
QTUM and MSTX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTX has higher volatility (33.10%) compared to QTUM (11.63%). In terms of maximum drawdown, QTUM dropped -38.45% vs MSTX's -99.46%.
On 1-year performance, QTUM leads with 63.01% vs -97.33% for MSTX. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 11.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTUM has performed better with a 63.01% return vs -97.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTUM is cheaper with a 0.40% expense ratio, compared with 1.29% for MSTX.
QTUM has the higher dividend yield at 0.81%, compared with 0.00% for MSTX.
QTUM is categorized as Technology Equities, while MSTX is Leveraged Equities. Their fees differ too: 0.40% for QTUM and 1.29% for MSTX.
QTUM currently has the higher Sharpe Ratio (2.00 vs -0.65), 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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