XNOV vs QSU

Comparison between FT VEST U.S. EQUITY ENHANCE & MODERATE BUFFER ETF - NOVEMBER (XNOV, ETF) and Defiance Daily Target 2X Long QS ETF (QSU, ETF).

XNOV vs QSU - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	XNOV(ETF)	QSU(ETF)
Net Assets	$23M	$23M
Expense Ratio	0.85%	N/A
Max Drawdown	10.00%	92.77%
Sharpe Ratio	1.80	-1.48
5Y Beta	0.41	6.13

Net Assets

XNOV

$23M

QSU

$23M

Expense Ratio

XNOV

0.85%

QSU

N/A

Max Drawdown

Winner

XNOV

10.00%

QSU

92.77%

Sharpe Ratio

Winner

XNOV

1.80

QSU

-1.48

5Y Beta

Winner

XNOV

0.41

QSU

6.13

XNOV vs QSU - Historical Returns

Returns include dividend reinvestment.

Period	XNOV	QSU
1 month	+0.63%	-36.68%
3 months	+4.64%	-16.73%
6 months	+4.52%	-76.67%
1 year	+12.25%	N/A
Max(CAGR)	+10.13%	-96.82%

Winner

XNOV

+0.63%

QSU

-36.68%

Winner

XNOV

+4.64%

QSU

-16.73%

Winner

XNOV

+4.52%

QSU

-76.67%

XNOV

+12.25%

QSU

N/A

Max(CAGR)

Winner

XNOV

+10.13%

QSU

-96.82%

XNOV vs QSU - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	XNOV	QSU
2026	+3.91%	-72.36%
2025	+11.04%	-64.53%
2024	+8.37%	N/A
2023	+2.14%	N/A

XNOV vs QSU Drawdown Comparison

The maximum drawdown for XNOV was -10.00%, occurring on Apr 8, 2025. Recovery took 72 trading sessions.

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

The current XNOV drawdown is -0.27%. The current QSU drawdown is -91.57%.

Rank	XNOV	QSU
#1	-10.00% Feb 19, 2025 - Jun 3, 2025	-92.77% Oct 31, 2025 - Mar 30, 2026
#2	-3.60% Feb 25, 2026 - Apr 9, 2026	-25.60% Oct 21, 2025 - Oct 24, 2025
#3	-1.89% Jul 31, 2024 - Aug 13, 2024	-14.00% Oct 24, 2025 - Oct 31, 2025
#4	-1.65% Dec 6, 2024 - Jan 21, 2025	N/A
#5	-1.00% Mar 27, 2024 - Apr 29, 2024	N/A
#6	-0.99% Feb 2, 2026 - Feb 25, 2026	N/A
#7	-0.89% Jan 12, 2026 - Jan 26, 2026	N/A
#8	-0.82% Jun 4, 2026 - Jun 10, 2026	N/A
#9	-0.72% Dec 11, 2025 - Dec 22, 2025	N/A
#10	-0.60% Jan 24, 2025 - Feb 6, 2025	N/A
#11	-0.60% Jul 29, 2025 - Aug 6, 2025	N/A
#12	-0.56% Jun 12, 2025 - Jun 23, 2025	N/A
#13	-0.54% Feb 12, 2024 - Feb 22, 2024	N/A
#14	-0.53% Dec 29, 2023 - Jan 8, 2024	N/A
#15	-0.46% Oct 9, 2025 - Oct 20, 2025	N/A

Correlation

Correlation between XNOV and QSU is -0.64 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.64

-101