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QTUM vs QTUP: which is really different?

QTUM and QTUP are compared on the fields both publish. Defiance Quantum ETF and Defiance Long Pure Quantum ETF.

QTUM · 1 year to Sep 30, 202665% of its weight is outside the S&P 500
65% of its weight is outside the S&P 50035% of QTUM's weight is in S&P 500 companies and 65% is outside the index35%65%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 83% · top ten 18% of the fund · 90 holdings filed Oct 1, 2026 · Nasdaq-100: 28% in65% of its weight is outside the S&P 50035% of QTUM's weight is in S&P 500 companies and 65% is outside the index35%65%inoutside the S&P 500active share 83% · top ten 18% of the fund

35% of QTUM's weight is in S&P 500 companies and 65% is outside the index

QTUP · 3 months to Sep 30, 2026Holdings are gross exposure, not a portfolio
Holdings are gross exposure, not a portfolioQTUP's holdings are gross exposure rather than a portfolio, so no S&P 500 share is publishedholdings not filed yetHoldings are gross exposure, not a portfolioQTUP's holdings are gross exposure rather than a portfolio, so no S&P 500 share is publishedholdings not filed yet

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, QTUM and QTUP hold 11% 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.

half

11% in common

Positions both hold, largest shared weight first
Holding QTUM QTUP
Arqit Quantum Inc 2.12% 8.47%
Horizon Quantum Holdings Ltd 1.71% 4.18%
Infleqtion Inc 1.14% 8.95%
Quantinuum Inc 1.11% 4.55%
Quantum Computing Inc 1.02% 4.54%
Rigetti Computing Inc 0.93% 4.72%
Ionq Inc 0.89% 20.99%
D-wave Quantum Inc 0.82% 4.73%
Btq Technologies Corp 0.80% 4.47%
Xanadu Quantum Technologies Ltd 0.54% 2.87%
First American Government Obligations Fund 12/01/2031 0.20% 20.29%
Cash & Other 0.09% -20.11%
Only in QTUM
Global Unichip Corp 2.29%
Cloudflare Inc 1.82%
Elastic Nv 1.74%
Palantir Technologies Inc 1.65%
Nutanix Inc 1.63%
Snowflake Inc 1.63%
Hewlett Packard Enterprise Co 1.62%
Advanced Micro Devices Inc 1.56%
Only in QTUP
Quantinuum Inc.-swap-nmra-l 10.47%
D-wave Quantum Inc.-swap-nmra-l 10.12%
Iqm Quantum Computers Oyj 4.64%
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%

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

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowQTUMQTUPQTUMQTUPQTUMQTUP
3 months−5.2%−26.6%−7.7 pts−29.1 pts−7.3 pts−28.7 pts
6 months+39.4%not published+22.4 ptsnot published+12.5 ptsnot published
1 year+46.1%not published+30.4 ptsnot published+22.3 ptsnot published
3 years+224.8%not published+139.8 ptsnot published+114.8 ptsnot published
Since launch
QTUM Sep 2018 · QTUP Jun 2026
+556.3%−13.4%+357.3 pts−19.0 pts+231.0 pts−20.2 pts

QTUM 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

QTUM
Defiance Quantum ETF · Holds 90 stocks in quantum computing, 35% of its weight in S&P 500 companies
QTUP
Defiance Long Pure Quantum ETF · Holds 19 stocks in quantum computing
Issuer Defiance Defiance
Theme Quantum computing Quantum computing
In the S&P 500 35.0% not published
Active share vs the S&P 500 82.6% not published
In the Nasdaq-100 28.1% not published
Holdings 90 19
Top ten, share of the fund 17.8% not published
Expense ratio 0.40% 0.77%
Fee for the differing part 0.48% not published
Total return, 1 year +46.1% −13.4% (since launch on Jun 10, 2026)
vs the S&P 500 +30.4 pts −19.0 pts
vs the Nasdaq-100 +22.3 pts −20.2 pts
Below its high −9.7% −32.7%
Net assets $5.6bn $21m

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

QTUM in plain words

By weight, 35% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 18% of the fund across 90 positions, as published by its issuer for Oct 1, 2026. Over the year to Sep 30, 2026 the fund returned +46.1% with distributions reinvested against +15.7% for the S&P 500, so a holder was ahead by 30.4 pts. It sits 9.7% 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, QTUM or QTUP?
QTUM charges 0.40% a year and QTUP charges 0.77%, so QTUM is cheaper. Fees come from each fund's prospectus.
Other comparisons
QTUM vs ITAQTUM vs PAVEQTUM vs WQTMQTUM vs AIQQTUP vs CQTMQTUP vs WQTMQTUM vs AIRRQTUM vs ARKK
QTUM on its own →QTUP on its own →How every figure is computed →Standards and sources →
Where these figures came from
QTUM filings on SEC EDGAR ↗QTUM prospectus with the expense ratio (SEC) ↗Defiance page for QTUM ↗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, QTUM against QTUP, data as of Sep 30, 2026. https://etfiq.com/compare/themes/qtum-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.