{"url":"https://etfiq.com/compare/leverage/qbtx-vs-qbtz","section":"compare","title":"QBTX vs QBTZ: which held to its multiple? | ETFIQ","description":"QBTX sets out to return +2 times QBTS each day and QBTZ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and \u221274.2 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, QBTX or QBTZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, QBTX finished 2.0 points from what its multiple implies and QBTZ finished 74.2 points from its own, so QBTX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are QBTX and QBTZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on D-Wave Quantum, QBTX at +2 times and QBTZ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, QBTX or QBTZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window QBTX\u2019s moved at 87% annualized and QBTZ\u2019s at 87%, so QBTX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold QBTX or QBTZ for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, QBTX or QBTZ?","acceptedAnswer":{"@type":"Answer","text":"QBTX charges 1.31% a year and QBTZ charges 2.31%, so QBTX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"QBTX vs QBTZ","item":"https://etfiq.com/compare/leverage/qbtx-vs-qbtz"}]},{"@type":"WebPage","name":"QBTX vs QBTZ: which held to its multiple?","description":"QBTX sets out to return +2 times QBTS each day and QBTZ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and \u221274.2 pts away.","url":"https://etfiq.com/compare/leverage/qbtx-vs-qbtz","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, QBTX finished 2.3 points short and QBTZ 24.9 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of QBTX and QBTZ","description":"QBTX sets out to return +2 times QBTS each day and QBTZ -2 times. Over the three months to Sep 30, 2026 they finished \u22122.0 pts and \u221274.2 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/qbtx-vs-qbtz","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7100,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / QBTX vs QBTZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n QBTX vs QBTZ: which held to its multiple?\n\n Over three months against its own daily promise, QBTX finished 2.3 points short and QBTZ 24.9 points short.\n Copy this for sharing \n \n Tradr 2X Long QBTS Daily ETF and Defiance Daily Target 2X Short QBTS ETF.\n\n Download as PDF \n\n \u221260.9% QBTX returned, 3 months \n \u221215.3% QBTZ returned, 3 months \n \u22122.0 pts QBTX from its stated multiple \n \u221274.2 pts QBTZ from its stated multiple \n\n ETFIQ Decay Resistance Score: QBTX scores higher\n D","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/qbtx-vs-qbtz","a":{"ticker":"QBTX","name":"Tradr 2X Long QBTS Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: QBTX returned \u221260.9% where its own daily promise gave \u221258.6%, 2.3 points short.","url":"https://etfiq.com/funds/qbtx","key_facts":[{"label":"What QBTS did","value":"\u221229.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221258.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221260.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22122.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$64m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 23, 2026"}]},"b":{"ticker":"QBTZ","name":"Defiance Daily Target 2X Short QBTS ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: QBTZ returned \u221215.3% where its own daily promise gave +9.6%, 24.9 points short.","url":"https://etfiq.com/funds/qbtz","key_facts":[{"label":"What QBTS did","value":"\u221229.5%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+9.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221215.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u221224.9 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$7m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"2.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Aug 28, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/qbtx-vs-qbtz"}