QSU vs NBCE

Comparison between Defiance Daily Target 2X Long QS ETF (QSU, ETF) and NEUBERGER BERMAN CHINA EQUITY ETF (NBCE, ETF).

QSU vs NBCE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	QSU(ETF)	NBCE(ETF)
Net Assets	$17M	$17M
Expense Ratio	N/A	0.75%
Max Drawdown	92.77%	29.26%
Sharpe Ratio	-1.39	2.19
5Y Beta	6.20	0.42

Net Assets

QSU

$17M

Winner

NBCE

$17M

Expense Ratio

QSU

N/A

NBCE

0.75%

Max Drawdown

QSU

92.77%

Winner

NBCE

29.26%

Sharpe Ratio

QSU

-1.39

Winner

NBCE

2.19

5Y Beta

QSU

6.20

Winner

NBCE

0.42

QSU vs NBCE - Holdings Comparison

QSU and NBCE have 0 common holdings. Overlap is 0.00%

QSU's top 25 holdings weight is 2.69%. NBCE's top 25 holdings weight is 116.96%.

Rank	QSU	NBCE
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 2.69%	YUAN RENMINBI OFFSHORE (n/a) - 56.89%
#2	N/A	SSC GOVERNMENT MM GVMXX (n/a) - 4.76%
#3	N/A	MONTAGE TECHNOLOGY CO LTD CLASS A (n/a) - 4.44%
#4	N/A	n/a (n/a) - 3.90%
#5	N/A	ZHONGJI INNOLIGHT CO LTD CLASS A (n/a) - 3.54%
#6	N/A	CAMBRICON TECHNOLOGIES CORP LTD CLASS A (n/a) - 3.27%
#7	N/A	n/a (n/a) - 3.23%
#8	N/A	WEICHAI POWER CO LTD CLASS A (n/a) - 2.74%
#9	N/A	KINGBOARD LAMINATES HOLDINGS LTD (n/a) - 2.66%
#10	N/A	n/a (n/a) - 2.55%
#11	N/A	n/a (n/a) - 2.38%
#12	N/A	CHINA MERCHANTS BANK CO LTD CLASS A (n/a) - 2.37%
#13	N/A	SUNGROW POWER SUPPLY CO LTD CLASS A (n/a) - 2.29%
#14	N/A	KWEICHOW MOUTAI CO LTD CLASS A (n/a) - 2.26%
#15	N/A	n/a (n/a) - 2.20%
#16	N/A	n/a (n/a) - 1.98%
#17	N/A	n/a (n/a) - 1.92%
#18	N/A	SIEYUAN ELECTRIC CO LTD CLASS A (n/a) - 1.91%
#19	N/A	n/a (n/a) - 1.78%
#20	N/A	NAURA TECHNOLOGY GROUP CO LTD CLASS A (n/a) - 1.76%
#21	N/A	TIANQI LITHIUM CORP CLASS A (n/a) - 1.74%
#22	N/A	MIDEA GROUP CO LTD CLASS A (n/a) - 1.70%
#23	N/A	n/a (n/a) - 1.68%
#24	N/A	n/a (n/a) - 1.58%
#25	N/A	n/a (n/a) - 1.43%
Total Holdings	1	72

QSU vs NBCE - Historical Returns

Returns include dividend reinvestment.

Period	QSU	NBCE
1 month	-1.71%	+4.13%
3 months	-2.77%	+13.68%
6 months	-76.03%	+23.31%
1 year	N/A	+54.64%
Max(CAGR)	-96.25%	+22.43%

QSU

-1.71%

Winner

NBCE

+4.13%

QSU

-2.77%

Winner

NBCE

+13.68%

QSU

-76.03%

Winner

NBCE

+23.31%

QSU

N/A

NBCE

+54.64%

Max(CAGR)

QSU

-96.25%

Winner

NBCE

+22.43%

QSU vs NBCE - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	QSU	NBCE
2026	-67.32%	+19.22%
2025	-64.53%	+42.46%
2024	N/A	+5.47%
2023	N/A	-2.22%

QSU vs NBCE Drawdown Comparison

The maximum drawdown for QSU was -92.77%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for NBCE was -28.41%, occurring on Apr 7, 2025. Recovery took 235 trading sessions.

The current QSU drawdown is -90.03%. The current NBCE drawdown is -4.35%.

Rank	QSU	NBCE
#1	-92.77% Oct 31, 2025 - Mar 30, 2026	-28.41% Oct 7, 2024 - Sep 16, 2025
#2	-25.60% Oct 21, 2025 - Oct 24, 2025	-15.32% May 9, 2024 - Sep 27, 2024
#3	-14.00% Oct 24, 2025 - Oct 31, 2025	-15.16% Nov 20, 2023 - Apr 29, 2024
#4	N/A	-9.23% Feb 25, 2026 - Apr 17, 2026
#5	N/A	-7.13% Oct 29, 2025 - Jan 2, 2026
#6	N/A	-6.08% Oct 2, 2025 - Oct 29, 2025
#7	N/A	-5.27% Oct 16, 2023 - Nov 6, 2023
#8	N/A	-5.01% May 13, 2026 - May 28, 2026
#9	N/A	-4.35% Jun 4, 2026 - Jun 5, 2026
#10	N/A	-3.45% Jan 28, 2026 - Feb 9, 2026
#11	N/A	-2.88% May 28, 2026 - Jun 4, 2026
#12	N/A	-2.39% Nov 15, 2023 - Nov 20, 2023
#13	N/A	-2.09% Nov 6, 2023 - Nov 15, 2023
#14	N/A	-1.63% Jan 12, 2026 - Jan 16, 2026
#15	N/A	-1.39% Oct 2, 2024 - Oct 4, 2024

Correlation

Correlation between QSU and NBCE is -0.56 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.56

-101