Data as of .
QBUL vs XTR: which moved less with stocks?
Over the year to Sep 18, 2026, QBUL moved less with the S&P 500 than XTR: correlation +0.86 against +0.99.
ETFIQ Diversifier Score: QBUL scores higher
How much does it diversify a stock portfolio?
A percentile among the 63 alternatives ETFs with a full year. It is a position in a set, not a rating, and neither end of it is a recommendation. All alternatives ETFs ranked by it · How it is computed
One strategy, two funds
QBUL and XTR both run a hedged equity strategy. Over the same 52 weeks to Sep 18, 2026, QBUL’s weekly returns had a correlation of +0.86 with the S&P 500 and XTR’s +0.99. In the 22 weeks the index fell, by 1.24% a week on average, QBUL averaged −0.37% and XTR −1.20%. Over the same weeks, QBUL finished 3.0 percentage points behind cash and XTR finished 7.8 points ahead of cash.
Performance, window by window
| Window | Total return | vs the S&P 500 | ||
|---|---|---|---|---|
| QBUL | XTR | QBUL | XTR | |
| 3 months | −0.6% | +1.2% | −2.8 pts | −1.0 pts |
| 6 months | +1.9% | +15.0% | −16.1 pts | −3.0 pts |
| 1 year | +0.8% | +12.0% | −15.8 pts | −4.6 pts |
| 3 years | not published | +62.1% | not published | −16.3 pts |
| Since launch | +6.6% | +57.9% | −36.8 pts | −25.3 pts |
| QBUL TrueShares Quarterly Bull Hedge ETF Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options | XTR Global X S&P 500 Tail Risk ETF Hedged equity fund: owns stocks and pays for protection against a fall, most often with put options | |
|---|---|---|
| Issuer | TrueShares | Global X |
| Strategy | Hedged equity | Hedged equity |
| Correlation with the S&P 500 | +0.86 | +0.99 |
| Beta to the S&P 500 | +0.23 | +0.90 |
| Down-week capture | 29.5% | 96.7% |
| Average week when the S&P 500 fell | −0.37% | −1.20% |
| The S&P 500 in those weeks | −1.24% | −1.24% |
| Total return, same 52 weeks | +0.6% | +11.4% |
| Against T-bills, percentage points | −3.0 pts | +7.8 pts |
| Expense ratio | 0.79% | 0.25% |
| Listed | Jul 1, 2024 | Aug 26, 2021 |
| Net assets | $17m | $5m |
QBUL in plain words
QBUL 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 Sep 18, 2026, its weekly returns had a correlation of +0.86 with the S&P 500’s and a beta of +0.23, so for each 1% the index moved it moved about 0.23% the same way. The S&P 500 fell in 22 of those 52 weeks, by 1.24% on average. In the same weeks QBUL fell 0.37% on average, a down-week capture of 29.5%. Over the same 52 weeks QBUL returned +0.6% and a Treasury bill fund +3.6%, so it finished 3.0 percentage points behind cash.
XTR in plain words
XTR is a hedged equity fund. Over the year to Sep 18, 2026, its weekly returns had a correlation of +0.99 with the S&P 500’s and a beta of +0.90, so for each 1% the index moved it moved about 0.90% the same way. In the same weeks XTR fell 1.20% on average, a down-week capture of 96.7%. Over the same 52 weeks XTR returned +11.4% and a Treasury bill fund +3.6%, so it finished 7.8 percentage points ahead of cash.
Questions people ask
- Which moved less with the S&P 500, QBUL or XTR?
- Over the 52 weeks to Sep 18, 2026, QBUL’s weekly returns had a correlation of +0.86 with the S&P 500 and XTR’s +0.99, so QBUL moved less with the index.
- Which did better when the S&P 500 fell, QBUL or XTR?
- In the 22 weeks the S&P 500 fell, by 1.24% a week on average, QBUL averaged −0.37% and XTR −1.20%, so QBUL returned more in those weeks.
- Which earned more than cash, QBUL or XTR?
- Over the same weeks, QBUL finished 3.0 percentage points behind cash and XTR finished 7.8 percentage points ahead of cash. Cash here is BIL, a fund of Treasury bills.
- Which is cheaper, QBUL or XTR?
- QBUL charges 0.79% a year and XTR charges 0.25%, so XTR is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QBUL against XTR, data as of Sep 18, 2026. https://etfiq.com/compare/alternatives/qbul-vs-xtr Free to use with attribution; the underlying files are at Open data.