ZETX vs. QQQT
ZETX (Defiance Daily Target 2X Long ZETA ETF) and QQQT (Defiance Nasdaq 100 Income Target ETF) are both exchange-traded funds - ZETX is a Leveraged Equities fund actively managed by Defiance, while QQQT is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. ZETX charges 1.31%/yr vs 1.05%/yr for QQQT.
Performance
ZETX vs. QQQT - Performance Comparison
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Returns By Period
ZETX
- 1D
- -8.91%
- 1M
- -6.45%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QQQT
- 1D
- -1.78%
- 1M
- -2.66%
- 6M
- 11.37%
- YTD
- 12.03%
- 1Y
- 19.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $412.25K | $593.09K | $769.77K | |
| $583.26K | $1.08M | $1.15M |
ZETX vs. QQQT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ZETX Defiance Daily Target 2X Long ZETA ETF | -5.01% |
QQQT Defiance Nasdaq 100 Income Target ETF | 12.36% |
Correlation
The correlation between ZETX and QQQT is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026 | 0.42 |
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Return for Risk
ZETX vs. QQQT — Risk / Return Rank
ZETX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QQQT
ZETX vs. QQQT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ZETA ETF (ZETX) and Defiance Nasdaq 100 Income Target ETF (QQQT). 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.
| ZETX | QQQT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.53 | — |
| Martin ratioReturn relative to average drawdown | — | 5.00 | — |
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Drawdowns
ZETX vs. QQQT - Drawdown Comparison
The maximum ZETX drawdown since its inception was -52.42%, which is greater than QQQT's maximum drawdown of -22.50%. Use the drawdown chart below to compare losses from any high point for ZETX and QQQT.
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Drawdown Indicators
| ZETX | QQQT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -22.50% | -29.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.73% | — |
Current DrawdownCurrent decline from peak | -46.12% | -6.49% | -39.63% |
Average DrawdownAverage peak-to-trough decline | -24.01% | -3.98% | -20.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.90% | — |
Volatility
ZETX vs. QQQT - Volatility Comparison
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Volatility by Period
| ZETX | QQQT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 137.11% | 17.41% | +119.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 137.11% | 20.77% | +116.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 137.11% | 20.77% | +116.34% |
ZETX vs. QQQT - Expense Ratio Comparison
ZETX has a 1.31% expense ratio, which is higher than QQQT's 1.05% expense ratio.
Dividends
ZETX vs. QQQT - Dividend Comparison
ZETX has not paid dividends to shareholders, while QQQT's dividend yield for the trailing twelve months is around 20.80%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
QQQT Defiance Nasdaq 100 Income Target ETF | 20.80% | 21.27% | 10.35% |
ZETX Defiance Daily Target 2X Long ZETA ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZETX and QQQT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQT is cheaper at 1.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQT is cheaper with a 1.05% expense ratio, compared with 1.31% for ZETX.
QQQT has the higher dividend yield at 20.80%, compared with 0.00% for ZETX.
ZETX is categorized as Leveraged Equities, while QQQT is Nasdaq-100. Their fees differ too: 1.31% for ZETX and 1.05% for QQQT.
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