{"url":"https://etfiq.com/compare/leverage/qbtx-vs-qua","section":"compare","title":"QBTX vs QUA: which held to its multiple? | ETFIQ","description":"QBTX sets out to return +2 times QBTS each day and QUA +2 times. Over the month to Sep 30, 2026 they finished \u22123.8 pts and \u22122.6 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, QBTX or QUA?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, QBTX finished 2.0 points from what its multiple implies and QUA finished 2.6 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 QUA levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on D-Wave Quantum, QBTX at +2 times and QUA at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, QBTX or QUA?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window QBTX\u2019s moved at 87% annualized and QUA\u2019s at 54%, so QBTX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold QBTX or QUA 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 QUA?","acceptedAnswer":{"@type":"Answer","text":"QBTX charges 1.31% a year and QUA charges 0.45%, so QUA 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 QUA","item":"https://etfiq.com/compare/leverage/qbtx-vs-qua"}]},{"@type":"WebPage","name":"QBTX vs QUA: which held to its multiple?","description":"QBTX sets out to return +2 times QBTS each day and QUA +2 times. Over the month to Sep 30, 2026 they finished \u22123.8 pts and \u22122.6 pts away.","url":"https://etfiq.com/compare/leverage/qbtx-vs-qua","dateModified":"2026-09-30","abstract":"Over the days both have traded, QBTX finished 3.8 points from its stated multiple and QUA 2.6.","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 QUA","description":"QBTX sets out to return +2 times QBTS each day and QUA +2 times. Over the month to Sep 30, 2026 they finished \u22123.8 pts and \u22122.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/qbtx-vs-qua","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":6186,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / QBTX vs QUA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n QBTX vs QUA: which held to its multiple?\n\n Over the days both have traded, QBTX finished 3.8 points from its stated multiple and QUA 2.6.\n Copy this for sharing \n \n Tradr 2X Long QBTS Daily ETF and Corgi QBTS 2x Daily ETF.\n\n Download as PDF \n\n \u221260.9% QBTX returned, 3 months \n \u221243.7% QUA returned, since launch \n \u22122.0 pts QBTX from its stated multiple \n \u22128.7 pts QUA from its stated multiple \n\n QBTX 2 pts short of its stated multiple \u00b7 3 months to Sep 30, 2026 [QBTX returned","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-qua","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":"QUA","name":"Corgi QBTS 2x Daily ETF","issuer":"Corgi","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: QUA returned \u22129.9% where its own daily promise gave \u22129.3%, 0.6 points short.","url":"https://etfiq.com/funds/qua","key_facts":[{"label":"What QBTS did","value":"\u22123.7%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22129.3%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22129.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22120.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$188,792","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.45%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 5, 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-qua"}