Defiance Daily Target 2x Short QBTS ETF (QBTZ) Performance
QBTZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −78.7% since Dec 31, 2025
- 1 year
- −87.4% total return
- Since first price
- −89.4% since 2025
QBTZ trailing returns vs SPY, QQQ, AGG
| Period | QBTZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +83.1% | +83.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.3% | −4.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −67.4% | −67.4% | +7.8% | +8.4% | −1.5% |
| YTD | −78.7% | −78.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −87.4% | −87.4% | +14.4% | +15.9% | −1.1% |
| Since inceptionOct 7, 2025 | −89.4% | −89.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QBTZ vs SPY
From Oct 7, 2025: QBTZ grew to $1,064, SPY to $11,480.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QBTZ returns by calendar year
2026 is year to date.
QBTZ annual returns table
| Year | QBTZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −78.7% | −95.6% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QBTZ largest drawdowns
Now 92.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 21, 2025 | −96.6% | Aug 4, 2026 | not yet | 8 months | 11 months so far |
| Oct 10, 2025 | −56.2% | Oct 15, 2025 | Oct 22, 2025 | 5 days | 12 days |
| Oct 22, 2025 | −53.2% | Oct 31, 2025 | Nov 17, 2025 | 9 days | 26 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QBTZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 1 | −80.6% | −80.6% | −80.6% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
QBTZ performance overview
Defiance Daily Target 2x Short QBTS ETF (QBTZ) returned −87.4% over the past year, with distributions reinvested. Since its first recorded price on Oct 7, 2025 it has returned −89.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.6%, from Nov 21, 2025 to Aug 4, 2026; the fund has not yet regained that high.
Related: QBTZ chart. See the QBTZ overview for the latest quote and fund facts.
QBTZ performance FAQ
What is the QBTZ return over the past year?
QBTZ returned −87.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 87.4%.
How much would $10,000 invested in QBTZ be worth?
$10,000 invested in QBTZ at its first recorded close on October 7, 2025 would be worth about $1,064 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of QBTZ?
The largest peak-to-trough decline was −96.6% between November 21, 2025 and August 4, 2026. It has not yet recovered to that high; it is 92.6% below its peak.