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QTUP Defiance Long Pure Quantum ETF

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$12.21
−1.1% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

From its Jun 10, 2026 launch to Oct 28, 2026, QTUP lost 33.9%.

What drove QTUP’s returns?What can QTUP’s first months tell me?What does QTUP cost to hold and to trade?
Holds 15 stocks in quantum computingDefiance ↗Expense ratio 0.77%Fund assets $18m on Oct 27, 2026First traded Jun 10, 2026Benchmark Its own holdings, as of Oct 28, 2026; its prospectus names no index it tracksFund page at the issuer ↗SEC filings ↗Every Defiance fund ETFIQ covers

Promise check: Not measuredIts theme exposure is measured once ETFIQ defines its theme company by company.

Compare with…Trading costsPut to the committeeaskIQ about QTUPAdd to portfolioFlowsAlerts

QTUP risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Jun 30, 2026
Since Jun 2026
+$5.9m
askIQ: what do these flows mean? ↗

What you earned

QTUP −24.9%: total return over one month to Oct 28, 2026.
QTUP−24.9%
QTUP −13.9%: total return over three months to Oct 28, 2026.
QTUP−13.9%
QTUP −33.9%: total return since launch to Oct 28, 2026.
QTUP−33.9%
askIQ: what drove QTUP’s returns? ↗

What can be shown yet

First traded Jun 10, 2026
not published
Already in the S&P 500
not published
Active share vs the S&P 500
not published
Top ten holdings
−33.9%
Total return, since launch
Report
QTUP has traded for 140 days. Numbers that need a year of prices are not shown yet.
Shown now
First tradedJun 10, 2026
Holdings15
Holdings published forOct 28, 2026
Holdings as of the close ofOct 28, 2026
Not yet
One-year returnfrom Jun 10, 2027
Three-year returnfrom Jun 10, 2029
askIQ: what can QTUP’s first months tell me? ↗

More on QTUP

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Price since launch, Jun 10, 2026

$12.21−1.1%1 day, priceClose, Oct 28, 2026

Price only. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

QTUP returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Sep 28 – Oct 28, 2026−24.9%+0.9%
3M Jul 29 – Oct 28, 2026−13.9%+6.1%
Since launch Jun 10 – Oct 28, 2026−33.9%+7.0%

Total returns, distributions reinvested. Listed Jun 2026: no 6 months, year to date, 1 year and 3 years windows.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

QTUP: in the month to Jun 30, 2026, net $5.9m came in, by its SEC filing.

Since Jun 2026
+$5.9m
Jun 1, 2026 to Jun 30, 2026
monthly, from SEC filings

Computed by ETFIQ from the monthly sales and redemptions QTUP files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. Every day and month ETFIQ holds for QTUP, back to Jun 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare QTUP with other funds in the flows tool

Month by month, money in and money outJun 2026

QTUP, money in and money out each month from Jun 2026 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from QTUP’s SEC filings (N-PORT item B.6). Of the 1 months listed, money came in on net in 1 and went out in 0.

Every bar is from QTUP’s SEC filings (N-PORT item B.6). Of the 1 months listed, money came in on net in 1 and went out in 0.

MonthInOutNet
Jun 2026 SEC Form N-PORT+$5.9m$0+$5.9m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

QTUP key stats

High since Jun 10, 2026, daily closes to Oct 28, 2026 (ETFIQ)$23.78 on Jun 23, 2026
Low since Jun 10, 2026, daily closes to Oct 28, 2026 (ETFIQ)$11.49 on Oct 26, 2026
Close on Oct 28, 2026, within that range (ETFIQ)$12.21, 6% of the way from the low to the high
Holdings15
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Oct 27, 2026
Trading · QTUPas of Oct 27, 2026
·
Not scored0 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
Premium or discount to NAV, Oct 27 close+0.24%
−1%95% of days within ±0.77%+1%
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

QTUP top ten by weight, its 15 equity positions, from the holdings published by its issuer for Oct 28, 2026. Source: the issuer’s own daily file.

Ionq Inc IONQ 12.15%
Quantinuum Inc.-swap-nmra-l not published 9.03%
Horizon Quantum Holdings Ltd HQ 8.60%
Rigetti Computing, Inc.-swap-nmra-l not published 8.48%
Infleqtion Inc INFQ 8.02%
D-wave Quantum Inc.-swap-nmra-l not published 7.83%
Xanadu Quantum Technologies Ltd XNDU 7.61%
Pasqal Holding Sa PSQL 7.30%
Iqm Quantum Computers Oyj IQMX 4.86%
Quantinuum Inc QNT 4.84%
Holdings, the issuer’s own daily file ↗See all 15 holdings →

Source: Defiance’s daily holdings file. Updated each trading day. Last checked Oct 28, 2026.

About QTUP

Theme (ETFIQ, editorial)Quantum computing
First tradedJun 10, 2026
Already in the S&P 500, by weight (ETFIQ)not published
Active share vs the S&P 500 (ETFIQ)not published
Top ten holdings weightnot published
Why no share is publishedHoldings are gross exposure, not a portfolio
Holdings15
Holdings published for (the issuer’s daily file)Oct 28, 2026
Holdings as of the close of (the issuer’s daily file)Oct 28, 2026
Top holdingsIonq Inc 12.2%, Quantinuum Inc.-swap-nmra-l 9.0%, Horizon Quantum Holdings Ltd 8.6%, Rigetti Computing, Inc.-swap-nmra-l 8.5%, Infleqtion Inc 8.0%, D-wave Quantum Inc.-swap-nmra-l 7.8%, Xanadu Quantum Technologies Ltd 7.6%, Pasqal Holding Sa 7.3%, Iqm Quantum Computers Oyj 4.9%, Quantinuum Inc 4.8%
Net assets (the issuer’s own daily fund list, as of Oct 27, 2026)$18mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Oct 28, 2026; its prospectus names no index it tracksReport
Below its all-time high (ETFIQ)−48.7%
Expense ratio (485BPOS XBRL, Jan 5, 2026)0.77%Report
Below its all-time high48.7%, high on Jun 23, 2026
How we measure
Since it first traded on Jun 10, 2026 the fund returned −33.9% with distributions reinvested. It sits 48.7% below its all-time high of Jun 23, 2026.
Holdings from the file the issuer publishes daily; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested. Method
IQ Investment Committee on QTUP

12 seats on QTUP, as of Oct 28, 2026: 1 Mixed, 7 Challenges, 4 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostChallenges
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskMixed
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationChallenges
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingChallenges
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put QTUP to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about QTUP

Has QTUP beaten the S&P 500?
Since it first traded on Jun 10, 2026, QTUP returned −33.9% with distributions reinvested, against +7.0% for the S&P 500, so it finished behind the index by 40.9 points.
What does QTUP cost?
The prospectus expense ratio is 0.77% a year.
Sources and dates
Prices, QTUP and S&P 500 (SPY)Tiingo end-of-day · Oct 28, 2026
Fee, 0.77%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $18mThe issuer’s own daily fund list · Oct 27, 2026
HoldingsHoldings, the issuer’s own daily file · Oct 28, 2026 ↗
SourceHoldings filing (SEC Form N-PORT), the last one filed ↗
IssuerDefiance page for QTUP ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
Cite this pageCitation, APA and Markdown

ETFIQ, QTUP, thematic ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/qtup

The difference bar for QTUP, redrawn every trading night.

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

Active share
How differently the money is placed, counting weights: one minus the sum of the smaller weight of each security across the fund and the index. 100% means nothing in common; 0% means the index itself. Two funds can hold the same names and still have a high active share if they weight them very differently.
Weight overlap
The share of money two portfolios hold in the same securities at the same weight.
Already in the index
The fund’s weight in securities the S&P 500 holds at all. A fund can be made entirely of index names and still have high active share, because it holds them at different weights.
Top ten
The weight of the ten largest holdings. Above 50% the fund is a bet on a handful of companies, whatever the theme.
Full definitions: thematic ETFs vocabulary page. →
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QTUP: QTUP's holdings are gross exposure rather than a portfolio, so no S&P 500 share is published. Holdings as of Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/qtup"><img src="https://etfiq.com/assistant/api/embed/themes/qtup.svg" alt="QTUP: QTUP&#x27;s holdings are gross exposure rather than a portfolio, so no S&amp;P 500 share is published. Holdings as of Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">QTUP: QTUP&#x27;s holdings are gross exposure rather than a portfolio, so no S&amp;P 500 share is published. Holdings as of Oct 28, 2026. Data: <a href="https://etfiq.com/funds/qtup">ETFIQ</a></figcaption>
</figure>

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