RIOX vs. QTUM

Last updated Aug 4, 2026

RIOX (Defiance Daily Target 2X Long RIOT ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - RIOX is a Leveraged Equities fund actively managed by Defiance, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. RIOX is actively managed, while QTUM is passively managed. Over the past year, RIOX returned 20.12% vs 63.01% for QTUM. Their 0.65 correlation means they have sometimes moved together and sometimes differently. RIOX charges 0.95%/yr vs 0.40%/yr for QTUM.

Performance

RIOX vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long RIOT ETF (RIOX) and Defiance Quantum ETF (QTUM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIOX achieves a 43.74% return, which is significantly higher than QTUM's 33.62% return.

RIOX

• 1D: 12.01%
• 1M: -18.63%
• 6M: 8.15%
• YTD: 43.74%
• 1Y: 20.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -16.14%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QTUM Defiance Quantum ETF	$54.81M	$58.16M	$111.60M
RIOX Defiance Daily Target 2X Long RIOT ETF	$4.76M	$4.01M	$9.98M

RIOX vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025
RIOX Defiance Daily Target 2X Long RIOT ETF	43.74%	-47.32%
QTUM Defiance Quantum ETF	33.62%	34.56%

Correlation

The correlation between RIOX and QTUM is 0.62, 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.	0.62
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025	0.65

The correlation between RIOX and QTUM has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

RIOX vs. QTUM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RIOX

RIOX Risk / Return Rank: 22
RIOX Sharpe Ratio Rank: 13
RIOX Sortino Ratio Rank: 37
RIOX Omega Ratio Rank: 34
RIOX Calmar Ratio Rank: 14
RIOX Martin Ratio Rank: 13

QTUM

QTUM Risk / Return Rank: 80
QTUM Sharpe Ratio Rank: 84
QTUM Sortino Ratio Rank: 77
QTUM Omega Ratio Rank: 76
QTUM Calmar Ratio Rank: 80
QTUM Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RIOX vs. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) and Defiance Quantum ETF (QTUM). 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.

	RIOX	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	0.11	2.00	-1.88
Sortino ratio: Return per unit of downside risk	1.51	2.54	-1.02
Omega ratio: Gain probability vs. loss probability	1.17	1.32	-0.15
Calmar ratio: Return relative to maximum drawdown	0.24	2.94	-2.70
Martin ratio: Return relative to average drawdown	0.38	10.67	-10.29

RIOX vs. QTUM - Sharpe Ratio Comparison

The current RIOX Sharpe Ratio is 0.11, which is lower than the QTUM Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of RIOX and QTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RIOX vs. QTUM - Drawdown Comparison

The maximum RIOX drawdown since its inception was -84.40%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for RIOX and QTUM.

Drawdown Indicators

	RIOX	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-84.40%	-38.45%	-45.95%
Max Drawdown (1Y) Largest decline over 1 year	-84.40%	-21.51%	-62.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-25.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.45%	—
Current Drawdown Current decline from peak	-65.48%	-13.35%	-52.13%
Average Drawdown Average peak-to-trough decline	-52.15%	-8.27%	-43.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.49%	5.92%	+47.57%

Volatility

RIOX vs. QTUM - Volatility Comparison

Defiance Daily Target 2X Long RIOT ETF (RIOX) has a higher volatility of 67.92% compared to Defiance Quantum ETF (QTUM) at 11.63%. This indicates that RIOX's price experiences larger fluctuations and is considered to be riskier than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIOX	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	67.92%	11.63%	+56.29%
Volatility (6M) Calculated over the trailing 6-month period	131.27%	26.50%	+104.77%
Volatility (1Y) Calculated over the trailing 1-year period	176.83%	31.77%	+145.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	173.63%	27.74%	+145.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	173.63%	27.70%	+145.93%

RIOX vs. QTUM - Expense Ratio Comparison

RIOX has a 0.95% expense ratio, which is higher than QTUM's 0.40% expense ratio.

Dividends

RIOX vs. QTUM - Dividend Comparison

RIOX's dividend yield for the trailing twelve months is around 42.27%, more than QTUM's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
QTUM Defiance Quantum ETF	0.81%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%
RIOX Defiance Daily Target 2X Long RIOT ETF	42.27%	60.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RIOX and QTUM in my portfolio?

RIOX and QTUM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIOX or QTUM?

RIOX has higher volatility (67.92%) compared to QTUM (11.63%). In terms of maximum drawdown, RIOX dropped -84.40% vs QTUM's -38.45%.

Which ETF is better, RIOX or QTUM?

On 1-year performance, QTUM leads with 63.01% vs 20.12% for RIOX. 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.

Which ETF has performed better, RIOX or QTUM?

Over the 1-year period, QTUM has performed better with a 63.01% return vs 20.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RIOX or QTUM?

QTUM is cheaper with a 0.40% expense ratio, compared with 0.95% for RIOX.

Which ETF pays a higher dividend yield, RIOX or QTUM?

RIOX has the higher dividend yield at 42.27%, compared with 0.81% for QTUM.

What is the main difference between RIOX and QTUM?

RIOX is categorized as Leveraged Equities, while QTUM is Technology Equities. Their fees differ too: 0.95% for RIOX and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.00 vs 0.11), 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.