Which came closer to its stated multiple, QBTX or QUA?

Over the window to Sep 11, 2026, QBTX finished 3.5 points from what its multiple implies and QUA finished 0.7 points from its own, so QUA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are QBTX and QUA levered on the same thing?

Yes. Both are levered on QBTS, QBTX at +2 times and QUA at +2 times the daily move.

Which one decays faster, QBTX or QUA?

Decay follows how much the underlying moves about. Over this window QBTX’s moved at 94% annualized and QUA’s at 69%, so QBTX has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold QBTX or QUA for a year?

Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

ETFIQetfiq.com · independent ETF data

Data as of Sep 11, 2026.

QBTX vs QUA: which held to its multiple?

Over the days both have traded, QBTX finished 0.1 points from its stated multiple and QUA 0.7.

Tradr 2X Long QBTS Daily ETF and Corgi QBTS 2x Daily ETF, side by side, leveraged ETFs on ETFIQ.

−59.7%QBTX returned, 3 months

−41.1%QUA returned, 3 months

−3.5 ptsQBTX from its stated multiple

−8.3 ptsQUA from its stated multiple

QBTX3.5 pts short of its label · 3 months to Sep 11, 2026

QUA0.7 pts over its label · 1 month to Sep 11, 2026

Performance, window by window

QBTX and QUA over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
Window	Total return		Multiple would give		Difference
Window	QBTX	QUA	QBTX	QUA	QBTX	QUA
1 month	−38.0%	−37.3%	−38.0%	−38.0%	+0.1 pts	+0.7 pts
3 months	−59.7%	not published	−56.2%	not published	−3.5 pts	not published
6 months	−50.9%	not published	−8.5%	not published	−42.3 pts	not published
1 year	−73.3%	not published	+3.4%	not published	−76.7 pts	not published
Since launch	−23.0%	−41.1%	not meaningful	−32.8%	not meaningful	−8.3 pts

Open the live comparison on ETFIQ

QBTX and QUA on the same fields, as of Sep 11, 2026. Source: ETFIQ.
	QBTX Tradr 2X Long QBTS Daily ETF Aims to return twice the daily move of QBTS	QUA Corgi QBTS 2x Daily ETF Aims to return twice the daily move of QBTS
Issuer	Tradr	Corgi
Sets out to return	+2x	+2x
On	QBTS	QBTS
Segment	company	company
Fund returned, 3 months	−59.7%	−37.3%
Underlying returned, 3 months	−28.1%	−19.0%
What the stated multiple implies, 3 months	−56.2%	−38.0%
Difference from stated, 3 months	−3.5 pts	+0.7 pts
Fund returned, 1 year or since launch	−73.3%	−41.1%
Difference from stated, over that window	−76.7 pts	−8.3 pts
Underlying volatility	94%	69%
Difference over the days both have traded	+0.1 pts	+0.7 pts
Expense ratio	1.31%	not published
Launched	Apr 25, 2025	Jul 10, 2026

QBTX in plain words

Three months to Sep 11, 2026: QBTX returned −59.7% where its own daily promise gave −58.2%, 1.5 points short. Read the multiple against the whole window instead and +2 times QBTS's −28.1% implies −56.2%, which makes QBTX look 3.5 points short. 2.0 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. QBTX aims to return +2 times QBTS's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. QBTS moved at 94% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.

QUA in plain words

One month to Sep 11, 2026: QUA returned −37.3% where its own daily promise gave −37.2%, 0.1 points short. Read the multiple against the whole window instead and +2 times QBTS's −19.0% implies −38.0%, which makes QUA look 0.7 points over. 0.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. QUA aims to return +2 times QBTS's move each day, then resets. QBTS moved at 69% annualized over that window.

Questions people ask

Which came closer to its stated multiple, QBTX or QUA?: Over the window to Sep 11, 2026, QBTX finished 3.5 points from what its multiple implies and QUA finished 0.7 points from its own, so QUA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are QBTX and QUA levered on the same thing?: Yes. Both are levered on QBTS, QBTX at +2 times and QUA at +2 times the daily move.
Which one decays faster, QBTX or QUA?: Decay follows how much the underlying moves about. Over this window QBTX’s moved at 94% annualized and QUA’s at 69%, so QBTX has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold QBTX or QUA for a year?: Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.

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.

QBTX against QUA, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, QBTX against QUA, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/QBTX-QUA Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources