# QBER (TrueShares Quarterly Bear Hedge ETF)

TrueShares · Alternatives ETFs · data as of Sep 18, 2026

In the S&P 500’s down weeks over the year to Sep 18, 2026, QBER rose 0.19% a week on average.

## Key facts

- QBER, correlation with the S&P 500: −0.69, as of Sep 18, 2026.
- QBER, beta to the S&P 500: −0.14, as of Sep 18, 2026.
- QBER, down-week capture: −15.4%, as of Sep 18, 2026.
- QBER, against T-bills, 52 weeks: −4.0 pts, as of Sep 18, 2026.
- QBER, net assets: $62m (SEC N-PORT, whole fund, as filed for Apr 30, 2026).
- QBER, expense ratio: 0.79% (485BPOS XBRL, Feb 27, 2026).

## QBER over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | +0.2% | +2.3% | −2.1 pts |
| 6 months | −1.3% | +18.0% | −19.3 pts |
| 1 year | −0.4% | +16.6% | −16.9 pts |
| Since it listed | −0.4% | +43.3% | −43.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Issuer | TrueShares | ETFIQ |
| Strategy | Hedged equity | ETFIQ, from its prospectus |
| Expense ratio | 0.79% | 485BPOS XBRL, Feb 27, 2026 |
| Net assets | $62m | SEC N-PORT, whole fund, as filed for Apr 30, 2026 |
| Weeks measured | 52, from Sep 19, 2025 to Sep 18, 2026 | ETFIQ |
| Weeks the S&P 500 fell | 22 | ETFIQ |
| The S&P 500 in those weeks, on average | −1.24% | ETFIQ |
| QBER in those weeks, on average | +0.19% | ETFIQ |
| QBER total return over those weeks | −0.4% | ETFIQ |
| T-bills | +3.6% | ETFIQ |
| Listed since | Jul 1, 2024 | ETFIQ |
| Days traded | 90 | ETFIQ |
| Quoted | on an exchange, every trading day | ETFIQ |

## Questions

### Does QBER move with the S&P 500?

Over the year to Sep 18, 2026, QBER’s weekly returns had a correlation of −0.69 with the S&P 500’s, on a scale where 1 moves in step, 0 shows no pattern and −1 moves opposite. Its beta was −0.14, so for each 1% the index moved it moved about 0.14% the other way.

### What did QBER do when stocks fell?

The S&P 500 fell in 22 of the 52 weeks to Sep 18, 2026, by 1.24% on average. In those weeks QBER rose 0.19% on average, a down-week capture of −15.4%.

### Did QBER earn more than cash?

Over the same 52 weeks QBER returned −0.4% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. QBER finished 4.0 percentage points behind it.

### What does QBER cost?

The prospectus expense ratio is 0.79% a year.

### Why is QBER listed as hedged equity?

ETFIQ files each fund by what its own prospectus says it does, and QBER’s, filed Feb 27, 2026, describes a hedged equity fund.


## Cite this page

ETFIQ, QBER, data as of Sep 18, 2026. https://etfiq.com/funds/qber
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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