{"url":"https://etfiq.com/compare/leverage/qbtz-vs-qua","section":"compare","title":"QBTZ vs QUA: which held to its multiple? | ETFIQ","description":"QBTZ sets out to return -2 times QBTS each day and QUA +2 times. Over the month to Sep 30, 2026 they finished \u221219.4 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, QBTZ or QUA?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, QBTZ finished 74.2 points from what its multiple implies and QUA finished 2.6 points from its own, so QUA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are QBTZ and QUA levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on D-Wave Quantum, QBTZ at -2 times and QUA at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, QBTZ or QUA?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window QBTZ\u2019s moved at 87% annualized and QUA\u2019s at 54%, so QBTZ has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold QBTZ 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, QBTZ or QUA?","acceptedAnswer":{"@type":"Answer","text":"QBTZ charges 2.31% 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":"QBTZ vs QUA","item":"https://etfiq.com/compare/leverage/qbtz-vs-qua"}]},{"@type":"WebPage","name":"QBTZ vs QUA: which held to its multiple?","description":"QBTZ sets out to return -2 times QBTS each day and QUA +2 times. Over the month to Sep 30, 2026 they finished \u221219.4 pts and \u22122.6 pts away.","url":"https://etfiq.com/compare/leverage/qbtz-vs-qua","dateModified":"2026-09-30","abstract":"Over a month against its own daily promise, QBTZ finished 12.1 points short and QUA 0.6 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 QBTZ and QUA","description":"QBTZ sets out to return -2 times QBTS each day and QUA +2 times. Over the month to Sep 30, 2026 they finished \u221219.4 pts and \u22122.6 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/qbtz-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":6367,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / QBTZ vs QUA \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n QBTZ vs QUA: which held to its multiple?\n\n Over a month against its own daily promise, QBTZ finished 12.1 points short and QUA 0.6 points short.\n Copy this for sharing \n \n Defiance Daily Target 2X Short QBTS ETF and Corgi QBTS 2x Daily ETF.\n\n Download as PDF \n\n \u221215.3% QBTZ returned, 3 months \n \u221243.7% QUA returned, since launch \n \u221274.2 pts QBTZ from its stated multiple \n \u22128.7 pts QUA from its stated multiple \n\n QBTZ 74.2 pts short of its stated multiple \u00b7 3 months to Sep 3","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/qbtz-vs-qua","a":{"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"}]},"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/qbtz-vs-qua"}