{
 "ticker": "QTUP",
 "name": "Defiance Long Pure Quantum ETF",
 "issuer": "Defiance",
 "desk": "themes",
 "url": "https://etfiq.com/funds/qtup",
 "html": "https://etfiq.com/funds/qtup",
 "markdown": "https://etfiq.com/funds/qtup.md",
 "as_of": "2026-09-11",
 "verdict": "QTUP holds 13 stocks, and 100% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QTUP, already in the S&P 500: 0.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QTUP, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "95.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QTUP, top ten holdings: 95.4%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "\u221215.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "QTUP, total return, since launch: \u221215.6%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$17m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "QTUP, net assets: $17m (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.77%",
   "source": "485BPOS XBRL, Jan 5, 2026",
   "as_of": "2026-09-11",
   "sentence": "QTUP, expense ratio: 0.77% (485BPOS XBRL, Jan 5, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Quantum computing",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jun 10, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "95.4%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "13",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 14, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Ionq Inc 18.1%, Quantinuum Inc 15.7%, D-wave Quantum Inc 15.4%, Infleqtion Inc 8.9%, Arqit Quantum Inc 7.2%, Rigetti Computing Inc 6.5%, Quantum Computing Inc 6.4%, Iqm Quantum Computers Oyj 6.2%, Xanadu Quantum Technologies Ltd 5.5%, Btq Technologies Corp 5.3%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$17m",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221234.4%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.77%",
   "source": "485BPOS XBRL, Jan 5, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.77%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WQTM 32%, QTUM 11%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221217.5%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u221220.8 pts",
   "Gap to Nasdaq-100": "\u221216.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "\u221215.6%",
   "S&P 500": "+5.6%",
   "Gap to S&P 500": "\u221221.3 pts",
   "Gap to Nasdaq-100": "\u221218.8 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of QTUP is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 14, 2026, 0% of QTUP by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does QTUP hold?",
   "a": "13 positions as published by its issuer for Sep 14, 2026, with the top ten at 95% of the fund. The largest are Ionq Inc at 18.1%, Quantinuum Inc at 15.7%, D-wave Quantum Inc at 15.4%."
  },
  {
   "q": "Has QTUP beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 QTUP returned \u221215.6% with distributions reinvested, against +5.6% for the S&P 500, so it finished behind the index by 21.2 points."
  },
  {
   "q": "What does QTUP cost?",
   "a": "The prospectus expense ratio is 0.77% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.77%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}