QPUX vs SPY
Defiance 2X Daily Long Pure Quantum ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | QPUX | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.29% | 0.09% | |
| AUM | $47M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 11 | 505 | |
| YTD Return | -64.04% | +12.68% | |
| 1Y Return | -58.07% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | 204.7% | 15.3% | |
| Max Drawdown | -95.0% | -56.5% | |
| Fund Family | Defiance ETFs, LLC | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Aug 6, 2025 | Jan 22, 1993 |
QPUX vs SPY Performance
Defiance 2X Daily Long Pure Quantum ETF (QPUX) is a ETF from Defiance ETFs, LLC and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year QPUX returned -58.07% while SPY returned +21.82%. Year to date, QPUX is down 64.04% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
QPUX has been the more volatile fund, with annualized monthly volatility of 204.7% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -95.0% for QPUX and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QPUX charges 1.29% per year while SPY charges 0.09%. On a $10,000 position that is $129 vs $9 annually, a gap of $120 per year that compounds over a long holding period. On income, QPUX currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
QPUX and SPY share 0 holdings out of 505 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QPUX or SPY?
QPUX has an expense ratio of 1.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $120 per year of difference.
Which performed better, QPUX or SPY?
Over the past year QPUX returned -58.07% vs +21.82% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (1 years), QPUX annualized -64.76% vs +8.81% for SPY. Past performance does not guarantee future results.
Which is riskier, QPUX or SPY?
QPUX has been the more volatile fund at 204.7% annualized versus 15.3% for SPY. Worst drawdown: QPUX -95.0% vs SPY -56.5%.
Should I hold both QPUX and SPY?
QPUX and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QPUX and SPY?
QPUX and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, QPUX or SPY?
QPUX yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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