Data as of Nov 4, 2026.
QBER vs QTR: Correlation to the S&P 500
Over the year to Nov 4, 2026, QBER moved less with the S&P 500 than QTR: correlation −0.71 against +0.91.
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Net assets: $73m on Jul 31, 2026 for TrueShares Quarterly Bear Hedge ETF, and $10m on Oct 12, 2026 for Global X NASDAQ 100 Tail Risk ETF.
QBER in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QBER +0.17%.
QTR in the 26 weeks SPY fell, year to Nov 4, 2026: SPY averaged −1.07%, QTR −1.79%.
Pair scorecard
QTR costs 0.54 points a year less; their one-year returns differ by 6.0 points.
| Measure | QBER | QTR |
|---|---|---|
| Return | ||
| Total return, 1 year | 0.0% | +6.0% |
| Against its benchmark | ||
| Treasury bills, 52 weeks | +3.7% | |
| Cost and size | ||
| Expense ratio | 0.79% | 0.25% |
| Net assets, QBER as of Jul 31, 2026 and QTR as of Oct 12, 2026 | $73m | $10m |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Beta to the S&P 500 | −0.12: about 0.12% for each 1% | +1.34: about 1.34% for each 1% |
| Its average week when the S&P 500 fell | rose 0.17% | fell 1.79% |
How much it diversifies a stock portfolio, ranked against 22 equity hedged alternatives ETFs with a full year. 100 is best. How it is computed
One year of weekly moves against the S&P 500, within one strategy; it ignores what the fund returned. All alternatives ETFs ranked by it →
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | QBER | QTR | QBER | QTR |
| 3 months | 0.0% | −4.6% | not measured | −4.5 pts vs VOO |
| 6 months | +0.2% | −2.4% | not measured | −7.4 pts vs VOO |
| 1 year | 0.0% | +6.0% | not measured | −8.8 pts vs VOO |
| 3 years | – | +66.0% | – | −17.3 pts vs VOO |
| Since launchNot the same days: QBER Jul 2024 · QTR Aug 2021 | −0.2% | +58.6% | not measured | −26.3 pts vs VOO |
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Side by side
As of Nov 4, 2026. Source: ETFIQ.
One strategy, two funds
QBER and QTR both run a hedged equity strategy. Over the same 52 weeks to Nov 4, 2026, QBER’s weekly returns had a correlation of −0.71 with the S&P 500 and QTR’s +0.91. In the 26 weeks the index fell, by 1.07% a week on average, QBER averaged +0.17% and QTR −1.79%. Over the same weeks, QBER finished 3.8 percentage points behind cash and QTR finished 1.7 points ahead of cash.
QBER
QBER is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of −0.71 with the S&P 500’s and a beta of −0.12, so for each 1% the index moved it moved about 0.12% the other way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks QBER rose 0.17% on average, a down-week capture of −15.4%. Over the same 52 weeks QBER returned −0.1% and a Treasury bill fund +3.7%, so it finished 3.8 percentage points behind cash.
QTR
QTR is a hedged equity fund. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.91 with the S&P 500’s and a beta of +1.34, so for each 1% the index moved it moved about 1.34% the same way. In the same weeks QTR fell 1.79% on average, a down-week capture of 167.0%. Over the same 52 weeks QTR returned +5.4% and a Treasury bill fund +3.7%, so it finished 1.7 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, QBER or QTR?
- Over the 52 weeks to Nov 4, 2026, QBER’s weekly returns had a correlation of −0.71 with the S&P 500 and QTR’s +0.91, so QBER moved less with the index.
- Which did better when the S&P 500 fell, QBER or QTR?
- In the 26 weeks the S&P 500 fell, by 1.07% a week on average, QBER averaged +0.17% and QTR −1.79%, so QBER returned more in those weeks.
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How this is computed
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, QBER against QTR, data as of Nov 4, 2026. https://etfiq.com/compare/alternatives/qber-vs-qtr
ETFIQ. (Nov 4, 2026). QBER against QTR. Retrieved from https://etfiq.com/compare/alternatives/qber-vs-qtr
[QBER against QTR (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/alternatives/qber-vs-qtr)
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