Which is cheaper, CQTM or QTUP?

CQTM charges 0.35% a year and QTUP charges 0.77%, so CQTM is cheaper. Fees come from each fund's prospectus.

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CQTM vs QTUP: which is really different?

CQTM and QTUP are compared on the fields both publish. Corgi Quantum Computing ETF and Defiance Long Pure Quantum ETF.

CQTM · 3 months to Sep 30, 202687% of its weight is outside the S&P 500

13% of CQTM's weight is in S&P 500 companies and 87% is outside the index

QTUP · 3 months to Sep 30, 2026Holdings are gross exposure, not a portfolio

QTUP's holdings are gross exposure rather than a portfolio, so no S&P 500 share is published

What they hold in common

By the books each fund has filed, CQTM and QTUP hold 64% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 1, 2026 and Sep 30, 2026.

50%

half

64% in common

Positions both hold, largest shared weight first

Holding CQTM QTUP

IonQ Inc 17.85% 20.99%

Infleqtion Inc 5.67% 8.95%

D-Wave Quantum Inc 9.78% 4.73%

Rigetti Computing Inc 7.63% 4.72%

Arqit Quantum Inc 4.59% 8.47%

Quantinuum Inc 7.43% 4.55%

Quantum Computing Inc 4.53% 4.54%

First American Government Obligations Fund 12/01/2031 4.27% 20.29%

Horizon Quantum Holdings LTD 4.10% 4.18%

BTQ Technologies Corp 3.62% 4.47%

IQM Quantum Computers Oyj 3.57% 4.64%

Xanadu Quantum Technologies Ltd 1.77% 2.87%

Only in CQTM

FormFactor Inc 4.77%

Alphabet Inc 4.63%

International Business Machines Corp 4.39%

Honeywell International Inc 3.75%

Quantum Emotion Corp 3.22%

SEALSQ Corp 2.92%

Pasqal Holding SA 1.51%

Only in QTUP

Quantinuum Inc.-swap-nmra-l 10.47%

D-wave Quantum Inc.-swap-nmra-l 10.12%

Quantum Computing Inc.-swap-nmra-l 2.05%

Rigetti Computing, Inc.-swap-nmra-l 1.78%

Iqm Quantum Computers Oyj-swap-nmra-l 1.44%

Btq Technologies Corp.-swap-nmra-l 0.84%

Cash & Other -20.11%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

	Total return		vs the S&P 500		vs the Nasdaq-100
Window	CQTM	QTUP	CQTM	QTUP	CQTM	QTUP
3 months	−23.8%	−26.6%	−26.3 pts	−29.1 pts	−25.9 pts	−28.7 pts
Since launch CQTM May 2026 · QTUP Jun 2026	−14.8%	−13.4%	−19.3 pts	−19.0 pts	−21.4 pts	−20.2 pts

CQTM and QTUP over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

CQTM

Corgi Quantum Computing ETF · Holds 19 stocks in quantum computing, 13% of its weight in S&P 500 companies

QTUP

Defiance Long Pure Quantum ETF · Holds 19 stocks in quantum computing

Issuer Corgi Defiance

Theme Quantum computing Quantum computing

In the S&P 500 12.8% not published

Active share vs the S&P 500 96.2% not published

In the Nasdaq-100 8.4% not published

Holdings 19 19

Top ten, share of the fund 71.3% not published

Expense ratio 0.35% 0.77%

Fee for the differing part 0.36% not published

Total return, 1 year −14.8% (since launch on May 6, 2026) −13.4% (since launch on Jun 10, 2026)

vs the S&P 500 −19.3 pts −19.0 pts

vs the Nasdaq-100 −21.4 pts −20.2 pts

Below its high −31.5% −32.7%

Net assets $17m $21m

CQTM and QTUP on the same fields, as of Sep 30, 2026. Source: ETFIQ.

CQTM in plain words

By weight, 13% of CQTM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 71% of the fund across 19 positions, as published by its issuer for Sep 30, 2026. Since it launched on May 6, 2026 the fund returned −14.8% with distributions reinvested against +4.5% for the S&P 500, so a holder was behind by 19.3 pts. It sits 31.5% below its all-time high of Jun 2, 2026.

QTUP in plain words

QTUP has no public holdings filing captured yet. Since it launched on Jun 10, 2026 the fund returned −13.4% with distributions reinvested against +5.7% for the S&P 500, so a holder was behind by 19.0 pts. It sits 32.7% below its all-time high of Jun 23, 2026.

Questions people ask

Which is cheaper, CQTM or QTUP?: CQTM charges 0.35% a year and QTUP charges 0.77%, so CQTM is cheaper. Fees come from each fund's prospectus.

Other comparisons

CQTM vs WQTM CQTM vs QTUM QTUP vs WQTM QTUP vs QTUM

CQTM on its own →QTUP on its own →How every figure is computed →Standards and sources →

Where these figures came from

CQTM filings on SEC EDGAR ↗CQTM prospectus with the expense ratio (SEC) ↗Corgi website ↗QTUP filings on SEC EDGAR ↗QTUP prospectus with the expense ratio (SEC) ↗Defiance page for QTUP ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, CQTM against QTUP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/cqtm-vs-qtup

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.