Data as of Oct 28, 2026.
QTUM vs XAR: Holdings Overlap & Returns
Over the year to Oct 28, 2026, QTUM returned +28.9% to XAR's −10.0%; 5% of their weight is in the same names.
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Net assets on Oct 27, 2026: $5.4bn for Defiance Quantum ETF and $5.0bn for State Street SPDR S&P Aerospace & Defense ETF.
38% of QTUM's weight is in S&P 500 companies and 63% is outside the index. Holdings as of Oct 28, 2026.
40% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
XAR costs 0.05 points a year less; their one-year returns differ by 38.9 points; QTUM is 1.1 times larger.
Points (pts) are percentage points.
| Measure | QTUM | XAR |
|---|---|---|
| Return | ||
| Total return, 1 year | +28.9% | −10.0% |
| Drawdown | ||
| Below its all-time high | 14.3%, high on Jun 2, 2026 | 24.1%, high on Aug 14, 2026 |
| Against its benchmark | ||
| What it tracks | Quantum computing | Defense |
| Against the S&P 500, 1 year | behind by 23.7 pts | |
| Its benchmark, total return, 1 year | +13.7% | |
| Against its benchmark, 1 year | behind by 23.7 pts | |
| Cost and size | ||
| Expense ratio | 0.40% | 0.35% |
| Net assets, as of Oct 27, 2026 | $5.4bn | $5.0bn |
| Holdings | ||
| Holdings in common | 5% | |
| Top ten holdings, share of the fund | 18% | 32% |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Sep 14, 2018 to Oct 23, 2026 · 423 weekly returnsQTUM returned more: +489.3% to +130.9%. QTUM swung slightly less: 26.3% to 27.9%. QTUM fell less at its worst: −38.1% to −45.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | QTUM | XAR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +489.3% | +130.9% | QTUM | Price change plus distributions, reinvested. |
| Annualized | +24.4% | +10.8% | QTUM | Total return as a yearly rate. |
| Price return | +450.1% | +118.1% | QTUM | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 26.3% | 27.9% | QTUM (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 17.6% | 19.1% | QTUM (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −38.1% | −45.1% | QTUM | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.86 | 0.41 | QTUM | Return above Treasury bills per unit of volatility. |
| Sortino | 1.28 | 0.60 | QTUM | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.64 | 0.24 | QTUM | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 423 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, QTUM and XAR hold 5% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
5% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | QTUM | XAR | QTUM | XAR |
| 3 months | +9.1% | −12.8% | not measured | −18.9 pts vs VOO |
| 6 months | +11.2% | −9.9% | not measured | −19.0 pts vs VOO |
| 1 year | +28.9% | −10.0% | not measured | −23.7 pts vs VOO |
| 3 years | +229.7% | +103.5% | not measured | +8.0 pts vs VOO |
| Since launchNot the same days: QTUM Sep 2018 · XAR Sep 2011 | +522.8% | +945.4% | not measured | +171.9 pts vs VOO |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
5% of the two portfolios are the same securities at the same weight.
QTUM and XAR are built for the same job. How do they differ in cost, holdings and results?
- Theme. QTUM covers Quantum computing and XAR covers Defense.
- Concentration. The top ten holdings are 18.5% of QTUM and 32.2% of XAR, a gap of 13.7 points.
- What each follows. QTUM follows Quantum computing and XAR follows Defense.
Data as of Oct 28, 2026.
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QTUM
By weight, 38% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 18% of the fund across 85 positions, as published by its issuer for Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned +28.9% with distributions reinvested. It sits 14.3% below its all-time high of Jun 2, 2026.
XAR
By weight, 40% of XAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 32% of the fund across 50 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −10.0% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 23.7 pts. It sits 24.1% below its all-time high of Aug 14, 2026.
Questions people ask
- Do QTUM and XAR hold the same stocks?
- By their latest filings, 5% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, QTUM against XAR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/qtum-vs-xar
ETFIQ. (Oct 28, 2026). QTUM against XAR. Retrieved from https://etfiq.com/compare/themes/qtum-vs-xar
[QTUM against XAR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/qtum-vs-xar)
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