# QBUL (TrueShares Quarterly Bull 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, QBUL fell 30% as much as the index.

## Key facts

- QBUL, correlation with the S&P 500: +0.86, as of Sep 18, 2026.
- QBUL, beta to the S&P 500: +0.23, as of Sep 18, 2026.
- QBUL, down-week capture: 29.5%, as of Sep 18, 2026.
- QBUL, against T-bills, 52 weeks: −3.0 pts, as of Sep 18, 2026.
- QBUL, net assets: $17m (SEC N-PORT, whole fund, as filed for Apr 30, 2026).
- QBUL, expense ratio: 0.79% (485BPOS XBRL, Feb 27, 2026).

## QBUL over each window to Sep 18, 2026

| Window | The fund | S&P 500 | Difference, percentage points |
| --- | --- | --- | --- |
| 3 months | −0.6% | +2.3% | −2.8 pts |
| 6 months | +1.9% | +18.0% | −16.1 pts |
| 1 year | +0.8% | +16.6% | −15.8 pts |
| Since it listed | +6.6% | +43.3% | −36.8 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 | $17m | 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 |
| QBUL in those weeks, on average | −0.37% | ETFIQ |
| QBUL total return over those weeks | +0.6% | 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 QBUL move with the S&P 500?

Over the year to Sep 18, 2026, QBUL’s weekly returns had a correlation of +0.86 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 +0.23, so for each 1% the index moved it moved about 0.23% the same way.

### What did QBUL 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 QBUL fell 0.37% on average, a down-week capture of 29.5%.

### Did QBUL earn more than cash?

Over the same 52 weeks QBUL returned +0.6% with distributions reinvested, and BIL, a fund of Treasury bills, returned +3.6%. QBUL finished 3.0 percentage points behind it.

### What does QBUL cost?

The prospectus expense ratio is 0.79% a year.

### Why is QBUL listed as hedged equity?

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


## Cite this page

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

HTML: https://etfiq.com/funds/qbul  ·  JSON: https://etfiq.com/funds/qbul.json