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QBTZ ETF — Defiance Daily Target 2x Short QBTS ETF
Defiance Daily Target 2x Short QBTS ETF (QBTZ)
Updated October 16, 2026.
QBTZ is an ETF linked to D-Wave Quantum (QBTS). its expense ratio is 2.31%. Total return is -89.5% over the past year, 22.5 points behind QBTS at -67.0%.
Defiance Daily Target 2x Short QBTS ETF seeks to deliver twice the inverse daily performance of D-Wave Quantum (QBTS) through financial derivatives, making it a leveraged short bet on that security. The fund carries a high expense ratio of 2.31% and maintains a small asset base. This ETF is designed for experienced traders seeking short-term tactical exposure to inverse equity movements rather than buy-and-hold income investors.
QBTZ holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: QBTS (physical holdings below may be collateral and options, not the reference asset itself).
QBTZ performance versus QBTS
Price and return data through 2026-10-16.
Total return is -89.5% over the past year, 22.5 points behind QBTS at -67.0%. Its deepest 1-year drawdown was 96.6%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 62.3% | — |
| 3M | -9.4% | — |
| 6M | -61.5% | — |
| YTD | -78.9% | — |
| 1Y | -82.5% | — |
| Since inception (1 years) | -89.5% | -88.90% |
QBTZ key facts
- Issuer
- Defiance ETFs
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 10/06/2025
- Expense ratio
- 2.31%
- Distribution frequency
- None
- Last close
- $30.17 (as of 2026-10-16)
- AUM
- $3,915,584
- Average volume
- 72680.0
- Beta
- -8.4932
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: Defiance ETFs or company page; Index: D-Wave Quantum (QBTS); prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
QBTZ risks and drawbacks
Total return has trailed QBTS over the available window. The deepest 1-year drawdown on record here is 96.6%.
Who may consider QBTZ — and who may not
It is a weaker fit for investors who need monthly cash flow (QBTZ does not currently distribute); investors whose main goal is matching QBTS total return. This is educational context, not a recommendation to buy or sell.
More on QBTZ
Frequently asked questions
Does QBTZ pay monthly?
No. QBTZ does not currently distribute.
What is QBTZ linked to?
QBTZ is linked to D-Wave Quantum (QBTS), not a broad market index.
What is QBTZ's expense ratio?
QBTZ's expense ratio is 2.31%.
When does QBTZ pay a dividend?
QBTZ does not currently distribute.
How has QBTZ performed?
Total return is -89.5% over the past year, 22.5 points behind QBTS at -67.0%. Its deepest 1-year drawdown was 96.6%.
More securities from Defiance ETFs.
Tickers
Holdings as-of date unavailable.
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