QBTZ vs METD

Comparison between Defiance Daily Target 2x Short QBTS ETF (QBTZ, ETF) and DIREXION DAILY META BEAR 1X SHARES (METD, ETF).

QBTZ vs METD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QBTZ(ETF)	METD(ETF)
Net Assets	$7.90M	$7.90M
Expense Ratio	N/A	1.02%
Max Drawdown	96.03%	47.90%
Sharpe Ratio	0.05	0.11
5Y Beta	-8.50	-1.39

Net Assets

QBTZ

$7.90M

METD

$7.90M

Expense Ratio

QBTZ

N/A

METD

1.02%

Max Drawdown

QBTZ

96.03%

Winner

METD

47.90%

Sharpe Ratio

QBTZ

0.05

Winner

METD

0.11

5Y Beta

Winner

QBTZ

-8.50

METD

-1.39

QBTZ vs METD - Historical Returns

Returns include dividend reinvestment.

Period	QBTZ	METD
1 month	+52.97%	-13.99%
3 months	-65.80%	+0.30%
6 months	-77.42%	-11.07%
1 year	N/A	+1.66%
Max(CAGR)	-94.44%	-17.35%

Winner

QBTZ

+52.97%

METD

-13.99%

QBTZ

-65.80%

Winner

METD

+0.30%

QBTZ

-77.42%

Winner

METD

-11.07%

QBTZ

N/A

METD

+1.66%

Max(CAGR)

QBTZ

-94.44%

Winner

METD

-17.35%

QBTZ vs METD - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	QBTZ	METD
2026	-75.70%	-5.60%
2025	-50.03%	-15.35%
2024	N/A	-15.81%

QBTZ vs METD Drawdown Comparison

The maximum drawdown for QBTZ was -96.03%, occurring on May 29, 2026. This drawdown has not yet recovered.

The maximum drawdown for METD was -46.01%, occurring on Aug 12, 2025. This drawdown has not yet recovered.

The current QBTZ drawdown is -92.81%. The current METD drawdown is -38.38%.

Rank	QBTZ	METD
#1	-96.03% Nov 21, 2025 - May 29, 2026	-46.01% Jul 25, 2024 - Aug 12, 2025
#2	-56.22% Oct 10, 2025 - Oct 22, 2025	-8.76% Jun 7, 2024 - Jul 16, 2024
#3	-53.23% Oct 22, 2025 - Nov 17, 2025	-5.40% Jul 17, 2024 - Jul 25, 2024
#4	-5.58% Nov 17, 2025 - Nov 20, 2025	N/A
#5	-4.41% Oct 8, 2025 - Oct 10, 2025	N/A