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 95.36% vs -95.49% for MSTX. A 0.51 correlation means they provide meaningful diversification when combined. 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 53.29% return, which is significantly higher than MSTX's -54.94% return.
QTUM
- 1D
- -0.59%
- 1M
- 23.63%
- YTD
- 53.29%
- 6M
- 50.69%
- 1Y
- 95.36%
- 3Y*
- 52.22%
- 5Y*
- 29.15%
- 10Y*
- —
MSTX
- 1D
- -14.41%
- 1M
- -56.02%
- YTD
- -54.94%
- 6M
- -72.02%
- 1Y
- -95.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTUM vs. MSTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QTUM Defiance Quantum ETF | 53.29% | 36.65% | 33.80% |
MSTX Defiance Daily Target 2X Long MSTR ETF | -54.94% | -89.06% | 137.37% |
Correlation
The correlation between QTUM and MSTX is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | 0.51 |
The correlation between QTUM and MSTX has been stable across timeframes, ranging from 0.51 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.
| QTUM | MSTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.34 | ||
| Sortino ratioReturn per unit of downside risk | +6.36 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 0.78 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 6.28 | -0.99 | +7.27 |
| Martin ratioReturn relative to average drawdown | 23.69 | -1.27 | +24.96 |
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 | MSTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.65 | -0.68 | +4.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | -0.42 | +1.49 |
Drawdowns
QTUM vs. MSTX - Drawdown Comparison
The maximum QTUM drawdown since its inception was -38.45%, smaller than the maximum MSTX drawdown of -98.66%. 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% | -98.66% | +60.21% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -96.62% | +81.36% |
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 | -0.59% | -98.61% | +98.02% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -69.94% | +61.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 75.26% | -71.22% |
Volatility
QTUM vs. MSTX - Volatility Comparison
The current volatility for Defiance Quantum ETF (QTUM) is 9.76%, while Defiance Daily Target 2X Long MSTR ETF (MSTX) has a volatility of 39.64%. 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 | 9.76% | 39.64% | -29.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 112.57% | -92.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.26% | 140.09% | -113.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.56% | 167.46% | -140.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.17% | 167.46% | -140.29% |
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 0.70%, 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 | 0.70% | 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 (39.64%) compared to QTUM (9.76%). In terms of maximum drawdown, QTUM dropped -38.45% vs MSTX's -98.66%.
On 1-year performance, QTUM leads with 95.36% vs -95.49% for MSTX. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 9.76%. 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 95.36% return vs -95.49%. 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 0.70%, 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 (3.65 vs -0.68), 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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