USD vs. QTUM

Last updated Jun 13, 2026

USD (ProShares Ultra Semiconductors) and QTUM (Defiance Quantum ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), 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, USD returned 65.02%/yr vs 28.09%/yr for QTUM. Their correlation of 0.84 suggests significant overlap in exposure. USD charges 0.95%/yr vs 0.40%/yr for QTUM.

Performance

USD vs. QTUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Semiconductors (USD) 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, USD achieves a 86.87% return, which is significantly higher than QTUM's 47.39% return.

USD

• 1D: 2.08%
• 1M: -1.66%
• YTD: 86.87%
• 6M: 97.77%
• 1Y: 207.86%
• 3Y*: 111.11%
• 5Y*: 65.02%
• 10Y*: 60.21%

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)

USD vs. QTUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
USD ProShares Ultra Semiconductors	86.87%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-37.07%
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 USD and QTUM is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 5, 2018	0.84

The correlation between USD and QTUM has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

USD vs. QTUM - Sectors Allocation Comparison

Sectors	USD	QTUM
Financial Services	28.0%	-
Technology	26.7%	85.1%
Energy	0.0%	-
Basic Materials	-	-
Communication Services	-	4.9%
Consumer Cyclical	-	0.7%
Consumer Defensive	-	-
Healthcare	-	0.6%
Industrials	-	8.7%
Real Estate	-	-
Utilities	-	-

Return for Risk

USD vs. QTUM — Risk / Return Rank

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

USD

USD Risk / Return Rank: 88
USD Sharpe Ratio Rank: 94
USD Sortino Ratio Rank: 79
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 91

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.

USD vs. QTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.

	USD	QTUM	Difference
Sharpe ratio: Return per unit of total volatility	3.20	2.94	+0.27
Sortino ratio: Return per unit of downside risk	3.05	3.45	-0.40
Omega ratio: Gain probability vs. loss probability	1.41	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	6.58	5.46	+1.12
Martin ratio: Return relative to average drawdown	18.43	19.77	-1.34

USD vs. QTUM - Sharpe Ratio Comparison

The current USD Sharpe Ratio is 3.20, which is comparable to the QTUM Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of USD 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

USD vs. QTUM - Drawdown Comparison

The maximum USD drawdown since its inception was -88.63%, which is greater than QTUM's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for USD and QTUM.

Drawdown Indicators

	USD	QTUM	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-38.45%	-50.18%
Max Drawdown (1Y) Largest decline over 1 year	-31.80%	-15.26%	-16.54%
Max Drawdown (3Y) Largest decline over 3 years	-64.46%	-25.39%	-39.07%
Max Drawdown (5Y) Largest decline over 5 years	-77.85%	-38.45%	-39.40%
Max Drawdown (10Y) Largest decline over 10 years	-77.85%	—	—
Current Drawdown Current decline from peak	-13.67%	-4.42%	-9.25%
Average Drawdown Average peak-to-trough decline	-32.32%	-8.24%	-24.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.34%	4.21%	+7.13%

Volatility

USD vs. QTUM - Volatility Comparison

ProShares Ultra Semiconductors (USD) has a higher volatility of 29.56% compared to Defiance Quantum ETF (QTUM) at 14.18%. This indicates that USD'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

	USD	QTUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.56%	14.18%	+15.38%
Volatility (6M) Calculated over the trailing 6-month period	52.44%	23.17%	+29.27%
Volatility (1Y) Calculated over the trailing 1-year period	65.34%	28.39%	+36.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.19%	26.99%	+50.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.61%	27.40%	+42.21%

USD vs. QTUM - Expense Ratio Comparison

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

Dividends

USD vs. QTUM - Dividend Comparison

USD's dividend yield for the trailing twelve months is around 0.25%, less 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%
USD ProShares Ultra Semiconductors	0.25%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both USD and QTUM in my portfolio?

USD and QTUM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USD or QTUM?

USD has higher volatility (29.56%) compared to QTUM (14.18%). In terms of maximum drawdown, USD dropped -88.63% vs QTUM's -38.45%.

Which ETF is better, USD or QTUM?

On 5-year performance, USD leads with 65.02% vs 28.09% for QTUM. On fees, QTUM is cheaper at 0.40% per year. On volatility, QTUM has been the lower-risk option at 14.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USD or QTUM?

Over the 5-year period, USD has performed better with a 65.02% return vs 28.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USD or QTUM?

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

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

QTUM has the higher dividend yield at 0.73%, compared with 0.25% for USD.

What is the main difference between USD and QTUM?

USD is categorized as Leveraged Equities, while QTUM is Technology Equities. USD tracks Dow Jones U.S. Semiconductors Index (200%), while QTUM tracks BlueStar Machine Learning and Quantum Computing Index. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.95% for USD and 0.40% for QTUM.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.20 vs 2.94), 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.