SPXT vs. QTUM

Last updated Jun 13, 2026

SPXT (ProShares S&P 500 Ex-Technology ETF) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - SPXT is a S&P 500 fund tracking the S&P 500 Ex-Information Technology Index, while QTUM is a Technology Equities fund tracking the BlueStar Machine Learning and Quantum Computing Index. Both are passively managed. Over the past 5 years, SPXT returned 9.46%/yr vs 28.09%/yr for QTUM. A 0.71 correlation means they provide meaningful diversification when combined. SPXT charges 0.09%/yr vs 0.40%/yr for QTUM.

Performance

SPXT vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Technology ETF (SPXT) 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, SPXT achieves a 4.27% return, which is significantly lower than QTUM's 47.39% return.

SPXT

• 1D: 0.54%
• 1M: -0.56%
• YTD: 4.27%
• 6M: 4.57%
• 1Y: 15.84%
• 3Y*: 16.14%
• 5Y*: 9.46%
• 10Y*: 11.43%

QTUM

• 1D: 1.22%
• 1M: 9.88%
• YTD: 47.39%
• 6M: 45.72%
• 1Y: 82.93%
• 3Y*: 48.15%
• 5Y*: 28.09%
• 10Y*: —

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

SPXT vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPXT ProShares S&P 500 Ex-Technology ETF	4.27%	15.10%	19.93%	16.23%	-14.24%	26.36%	10.44%	26.88%	-12.35%
QTUM Defiance Quantum ETF	47.39%	36.65%	50.54%	39.86%	-28.80%	35.18%	42.05%	47.99%	-19.44%

Correlation

The correlation between SPXT and QTUM is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.71

The correlation between SPXT and QTUM shifts across timeframes, from 0.54 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

SPXT vs. QTUM - Sectors Allocation Comparison

Sectors	SPXT	QTUM
Financial Services	18.0%	-
Communication Services	17.0%	4.9%
Consumer Cyclical	15.9%	0.7%
Healthcare	13.5%	0.6%
Industrials	12.2%	8.7%
Consumer Defensive	7.3%	-
Energy	5.1%	-
Utilities	4.1%	-
Real Estate	2.9%	-
Basic Materials	2.8%	-
Technology	1.0%	85.1%

Return for Risk

SPXT vs. QTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPXT

SPXT Risk / Return Rank: 50
SPXT Sharpe Ratio Rank: 51
SPXT Sortino Ratio Rank: 51
SPXT Omega Ratio Rank: 47
SPXT Calmar Ratio Rank: 46
SPXT Martin Ratio Rank: 56

QTUM

QTUM Risk / Return Rank: 90
QTUM Sharpe Ratio Rank: 93
QTUM Sortino Ratio Rank: 87
QTUM Omega Ratio Rank: 87
QTUM Calmar Ratio Rank: 92
QTUM Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPXT vs. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Technology ETF (SPXT) 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.

	SPXT	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	1.52	2.94	-1.42
Sortino ratio: Return per unit of downside risk	2.19	3.45	-1.26
Omega ratio: Gain probability vs. loss probability	1.26	1.46	-0.20
Calmar ratio: Return relative to maximum drawdown	2.01	5.46	-3.45
Martin ratio: Return relative to average drawdown	8.70	19.77	-11.06

SPXT vs. QTUM - Sharpe Ratio Comparison

The current SPXT Sharpe Ratio is 1.52, which is lower than the QTUM Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of SPXT 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

SPXT vs. QTUM - Drawdown Comparison

The maximum SPXT drawdown since its inception was -34.38%, smaller than the maximum QTUM drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for SPXT and QTUM.

Drawdown Indicators

	SPXT	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-38.45%	+4.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-15.26%	+7.36%
Max Drawdown (3Y) Largest decline over 3 years	-15.58%	-25.39%	+9.81%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-38.45%	+16.98%
Max Drawdown (10Y) Largest decline over 10 years	-34.38%	—	—
Current Drawdown Current decline from peak	-1.03%	-4.42%	+3.39%
Average Drawdown Average peak-to-trough decline	-4.13%	-8.24%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	4.21%	-2.38%

Volatility

SPXT vs. QTUM - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Technology ETF (SPXT) is 3.19%, while Defiance Quantum ETF (QTUM) has a volatility of 14.18%. This indicates that SPXT experiences smaller price fluctuations and is considered to be less risky than QTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXT	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	14.18%	-10.99%
Volatility (6M) Calculated over the trailing 6-month period	7.74%	23.17%	-15.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.48%	28.39%	-17.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.74%	26.99%	-12.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	27.40%	-11.16%

SPXT vs. QTUM - Expense Ratio Comparison

SPXT has a 0.09% expense ratio, which is lower than QTUM's 0.40% expense ratio.

Dividends

SPXT vs. QTUM - Dividend Comparison

SPXT's dividend yield for the trailing twelve months is around 1.37%, more than QTUM's 0.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QTUM Defiance Quantum ETF	0.73%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%	0.00%	0.00%	0.00%
SPXT ProShares S&P 500 Ex-Technology ETF	1.37%	1.38%	1.29%	1.53%	1.86%	1.15%	1.63%	1.63%	2.03%	1.55%	2.67%	0.56%

Frequently Asked Questions

Can I hold both SPXT and QTUM in my portfolio?

SPXT and QTUM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPXT or QTUM?

QTUM has higher volatility (14.18%) compared to SPXT (3.19%). In terms of maximum drawdown, SPXT dropped -34.38% vs QTUM's -38.45%.

Which ETF is better, SPXT or QTUM?

On 5-year performance, QTUM leads with 28.09% vs 9.46% for SPXT. On fees, SPXT is cheaper at 0.09% per year. On volatility, SPXT has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPXT or QTUM?

Over the 5-year period, QTUM has performed better with a 28.09% return vs 9.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPXT or QTUM?

SPXT is cheaper with a 0.09% expense ratio, compared with 0.40% for QTUM.

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

SPXT has the higher dividend yield at 1.37%, compared with 0.73% for QTUM.

What is the main difference between SPXT and QTUM?

SPXT is categorized as S&P 500, while QTUM is Technology Equities. SPXT tracks S&P 500 Ex-Information Technology Index, while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.09% for SPXT and 0.40% for QTUM.

Which has better risk-adjusted returns?

QTUM currently has the higher Sharpe Ratio (2.94 vs 1.52), 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.