QPUX

NASDAQ

Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF

Leveraged · Defiance · Inception 2025-08-06 · SEC filings

$13.48−0.14 (−1.03%)

As of Sep 23, 2026, 3:10 PM EDT

Expense ratio: 1.29%
Fund size: $39M
1Y return: −89.6%
Yield · Last 12 months: —
Holdings: 31
Volume · 30D: 0.2M sh
NAV per share: $13.89
52W range: low $11.30high $268.83

QPUX Holdings

As of Sep 20, 2026, 5:08 AM

Asset class: Stocks
Holdings: 31
Top-10 weight: 133%
Largest holding: IONQ INC SWAP L-CS24.8%

The fund’s holdings, weight-ordered — page 1 of 2.
#	Ticker	Company	Weight %	Shares	Market value	In ETFs
001	—	IONQ INC SWAP L-CS	24.79%	227,802	$9M	2
002	—	QUANTINUUM INC.-SWAP-MREX-L	20.59%	143,500	$7M	1
003	—	United States Treasury Bill 11/19/2026	19.35%	7,000,000	$7M	48
004	—	D-WAVE QUANTUM SWAP CS-L	13.94%	292,910	$5M	1
005	—	D-WAVE QUANTUM INC SWAP MAREX	12.99%	272,980	$5M	1
006	—	IONQ INC SWAP MAREX	9.16%	84,191	$3M	1
007	—	INFLEQTION, INC.-SWAP-MREX-L	8.57%	233,000	$3M	2
008	—	ARQIT QUANTUM INC.-SWAP-MREX-L	8.23%	147,000	$3M	1
009	—	IQM QUANTUM COMPUTERS OYJ-SWAP-MREX-L	8.09%	305,000	$3M	1
010	—	QUANTINUUM INC.-SWAP-CLST-L	7.67%	53,472	$3M	1
011	—	First American Government Obligations Fund 12/01/2031	6.94%	2,495,107	$2M	625
012	—	QUANTUM COMPUTING INC SWAP L-CS	6.25%	258,450	$2M	1
013	—	ARQIT QUANTUM INC.-SWAP-CLST-L	6.19%	110,483	$2M	1
014	—	RIGETTI COMPUTING SWAP CS-L	6.16%	140,581	$2M	2
015	—	QUANTUM COMPUTING INC SWAP MAREX	5.92%	244,651	$2M	1

Showing 1–15 of 30 holdings

QPUX Performance

QPUX$1,036

$11,723

Sep 22, 2025 – Sep 22, 2026

Trailing total return for QPUX. Periods over one year show the average yearly return.
Period	QPUX
Year to date	−71.7%
1 month	−29.8%
3 months	−58.7%
1 year	−89.6%
3 yearsFund is under 3 years old	—per year
5 yearsFund is under 5 years old	—per year
10 yearsFund is under 10 years old	—per year

As of the Sep 22, 2026 close, with distributions reinvested.

Annual total returns for QPUX
Year	Return bar	QPUX
2026 YTD		−71.7%
2025		−15.9%

History from Aug 7, 2025

QPUX in the news

ETF.net Research hasn’t filed on QPUX yet — coverage lands here as it’s written.

QPUX Dividends

: —Last 12 months
Payout per share: —Last 12 months

No distributions in the last 12 months.

QPUX Risk

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

: 203.1%; Annualised · 12 months to Aug 2026; How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
: 0.16; vs 3-month T-bills · 12 months to Aug 2026; How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
: −95.2%; 13 months · trough Sep 2026; How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
: 11.60; vs its asset-class index; How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

QPUX Cost

Expense Ratio: 1.29%

QPUX

Growth of $10,000Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Trailing returnsReturns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Annual returnsCalendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.