RNWZ vs QTUP
Comparison between TRUESHARES EAGLE GLOBAL RENEWABLE ENERGY INCOME ETF (RNWZ, ETF) and Defiance Long Pure Quantum ETF (QTUP, ETF).
RNWZ vs QTUP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
RNWZ vs QTUP - Holdings Comparison
RNWZ and QTUP have 1 common holdings. Overlap is -19.36%
RNWZ's top 25 holdings weight is 99.35%. QTUP's top 25 holdings weight is 100.01%.
| Rank | RNWZ | QTUP |
|---|---|---|
| #1 | AMERICAN ELECTRIC POWER CO INC (AEP) - 10.42% | IONQ INC CLASS A (IONQ) - 16.51% |
| #2 | RWE AG CLASS A (n/a) - 8.61% | QUANTINUUM INC CLASS A (QNT) - 16.48% |
| #3 | ENEL SPA (n/a) - 7.94% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 14.69% |
| #4 | NEXTERA ENERGY INC (NEE) - 6.76% | D-WAVE QUANTUM INC.-SWAP-MREX-L (n/a) - 11.95% |
| #5 | HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC (HASI) - 6.39% | OTHER ASSETS AND LIABILITIES (n/a) - 10.27% |
| #6 | CLEARWAY ENERGY INC CLASS C (CWEN) - 5.69% | HORIZON QUANTUM HOLDINGS LTD CLASS A (HQ) - 7.43% |
| #7 | ENDESA SA (n/a) - 4.81% | ARQIT QUANTUM INC (ARQQ) - 7.08% |
| #8 | ORSTED AS (n/a) - 4.36% | XANADU QUANTUM TECHNOLOGIES LTD ORDINARY SHARES CLASS B (SUB VOTING) (n/a) - 4.85% |
| #9 | SSE PLC (n/a) - 3.97% | D-WAVE QUANTUM INC (QBTS) - 4.84% |
| #10 | PG&E CORP (PCG) - 3.80% | QUANTUM COMPUTING INC (QUBT) - 4.79% |
| #11 | FORTUM OYJ (n/a) - 3.40% | BTQ TECHNOLOGIES CORP (BTQ) - 4.77% |
| #12 | ACCIONA SA (n/a) - 3.35% | INFLEQTION INC (INFQ) - 4.76% |
| #13 | EDP RENEWABLES SA (n/a) - 3.24% | RIGETTI COMPUTING INC (RGTI) - 4.76% |
| #14 | DRAX GROUP PLC (n/a) - 3.18% | INFLEQTION INC.-SWAP-MREX-L PAY (n/a) - 2.45% |
| #15 | VERBUND AG CLASS A (n/a) - 3.17% | QUANTUM COMPUTING INC.-SWAP-MREX-L (n/a) - 2.32% |
| #16 | NORTHLAND POWER INC (n/a) - 3.13% | BTQ TECHNOLOGIES CORP.-SWAP-MREX-L (n/a) - 2.31% |
| #17 | ORMAT TECHNOLOGIES INC (ORA) - 3.06% | RIGETTI COMPUTING INC.-SWAP-MREX-L (n/a) - 2.30% |
| #18 | BROOKFIELD RENEWABLE PARTNERS LP (BEP) - 2.71% | XANADU QUANTUM TECHNOLOGIES LIMITED-SWAP-MREX-L (n/a) - 0.14% |
| #19 | NRG ENERGY INC (NRG) - 2.31% | US DOLLARS (n/a) - -0.74% |
| #20 | DUKE ENERGY CORP (DUK) - 1.93% | INFLEQTION INC.-SWAP-MREX-L RECEIVE (n/a) - -2.59% |
| #21 | OTTER TAIL CORP (OTTR) - 1.91% | CASH OFFSET (n/a) - -19.36% |
| #22 | BLACK HILLS CORP (BKH) - 1.89% | N/A |
| #23 | EDP-ENERGIAS DE PORTUGAL SA (n/a) - 1.83% | N/A |
| #24 | STATE STREET INSTL US GOVT MMKT ADMIN (SALXX) - 0.89% | N/A |
| #25 | EUROS (n/a) - 0.60% | N/A |
| Total Holdings | 30 | 21 |
RNWZ vs QTUP - Historical Returns
Returns include dividend reinvestment.
RNWZ vs QTUP - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | RNWZ | QTUP |
|---|---|---|
| 2026 | +11.43% | -15.67% |
| 2025 | +35.12% | N/A |
| 2024 | -6.70% | N/A |
| 2023 | -2.60% | N/A |
| 2022 | -0.19% | N/A |
RNWZ vs QTUP Drawdown Comparison
The maximum drawdown for RNWZ was -24.88%, occurring on Oct 4, 2023. Recovery took 411 trading sessions.
The maximum drawdown for QTUP was -34.48%, occurring on Jul 23, 2026. This drawdown has not yet recovered.
The current RNWZ drawdown is -6.91%. The current QTUP drawdown is -34.48%.
| Rank | RNWZ | QTUP |
|---|---|---|
| #1 | -24.88% Jan 17, 2023 - Sep 5, 2024 | -34.48% Jun 23, 2026 - Jul 23, 2026 |
| #2 | -20.49% Sep 27, 2024 - Jul 3, 2025 | -4.25% Jun 15, 2026 - Jun 18, 2026 |
| #3 | -7.36% Apr 30, 2026 - Jun 17, 2026 | -0.76% Jun 11, 2026 - Jun 15, 2026 |
| #4 | -5.66% Nov 12, 2025 - Jan 15, 2026 | -0.31% Jun 18, 2026 - Jun 23, 2026 |
| #5 | -4.93% Dec 14, 2022 - Jan 12, 2023 | N/A |
| #6 | -4.54% Mar 17, 2026 - Mar 31, 2026 | N/A |
| #7 | -4.11% Apr 10, 2026 - Apr 30, 2026 | N/A |
| #8 | -4.08% Jul 22, 2025 - Sep 24, 2025 | N/A |
| #9 | -3.92% Mar 2, 2026 - Mar 17, 2026 | N/A |
| #10 | -2.15% Jul 3, 2025 - Jul 21, 2025 | N/A |
| #11 | -1.76% Sep 17, 2024 - Sep 24, 2024 | N/A |
| #12 | -1.54% Oct 16, 2025 - Nov 5, 2025 | N/A |
| #13 | -1.49% Feb 13, 2026 - Feb 23, 2026 | N/A |
| #14 | -1.46% Jan 27, 2026 - Feb 6, 2026 | N/A |
| #15 | -1.24% Jan 16, 2026 - Jan 26, 2026 | N/A |
Correlation
Correlation between RNWZ and QTUP is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
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