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Launched · SEC filings

Daily Target 2X Long QS ETF

QSUNYSE ArcaDThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$3.11−0.20 (−6.04%)

As of Oct 13, 2026, 3:55 PM

D30/ 100

Rank 320 of 380 in Single-Stock Long Leveraged

D30/100Rank 320 of 380inSingle-Stock Long Leveraged
Intraday session: down, 28 prints from 3.31 to 3.11. Range 3.09 to 3.31. Use the arrow keys to read each point.3.153.203.2510 AM12 PM2 PM4 PM
Expense ratio
1.32%
Fund size
$6M
1Y total return
—
Yield · Last 12 months
—
Holdings
9
Avg volume · 30D
0.1M sh
NAV per share
$3.83
52W range
low $3.29high $146.76
Launched
Filings
SEC EDGAR

The ETF.net QSU Grade

Based on 5 of 6 pillars

D

Score 30 out of 100

Category
Single-Stock Long Leveraged⁠
Rank
320 of 380
Six-pillar profile for QSU. Scores out of 100: Cost 27, Risk 15, Mission 93, Tradability 43, Holdings not scored, Durability 58. Strongest: Mission (93). Weakest: Risk (15). Based on 5 of 6 pillars.

Score 30 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D27 out of 100
    Rank 265 of 380

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A93 out of 100
    Rank 60 of 148

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F15 out of 100
    Rank 352 of 363

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 223 of 380

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B58 out of 100
    Rank 139 of 380

Our read on QSU

ETF.net Research

DA single-stock lever on QuantumScape: QSU aims for two times QS's daily percentage move, reset every session, inside an ordinary brokerage account. A day-trading tool wearing an ETF wrapper, not a buy-and-hold battery bet.

Stated mandate

The Fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in QuantumScape Corporation's share price. It is designed for a single trading day rather than longer holding periods.

Why people hold it

  1. 01Does one thing: targets 2x QuantumScape's daily move. No margin account, options chain or borrowing on your end.defianceetfs.com
  2. 02Day to day, it has tracked its stated 2x target closely, which is the entire job of a daily-reset fund.
  3. 03A registered 1940 Act fund, so losses stop at what you put in, unlike a margined position in the stock itself.defianceetfs.com

Worth knowing

  1. 01The daily reset means multi-day results compound. Over a choppy stretch, the fund's return can diverge from twice the stock's move across that same stretch.
  2. 02The 1.31% expense ratio sits above the typical 2x single-stock fund; peers like GGLL and AMDG charge less for the same daily-reset mechanic.
  3. 03Launched October 2025, so the track record is short, and the design targets price moves rather than income.

QSU Holdings

As of Oct 13, 2026
Asset class
Other
Holdings
9
Top-10 weight
248%
Largest holding
Quantumscape Corporation-Swap-Mscs-L52.4%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Quantumscape Corporation-Swap-Mscs-L52.44%598,000$3M1
002—United States Treasury Bill 11/19/202640.90%2,000,000$2M56
003—Quantumscape Corporation-Swap-Nbcb-L29.76%339,437$1M1
004—Quantumscape Corp Swap Jnst-L26.45%301,684$1M1
005—Quantumscap Swap Mar-L24.32%277,327$1M1
006—Quantumscape Inc Swap Cantor23.60%269,122$1M1
007—Quantumscape Corp Swap Nm22.02%251,086$1M1
008—Quantumscape Corp Swap Cs21.69%247,391$1M1
009—First American Government Obligations Fund 12/01/20316.54%318,457$318K529

Showing 1–9 of 9 holdings

QSU Performance

Launched Oct 20, 2025

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
QSU$841
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. QSU $841. SPY $11,500. Use the arrow keys to read each point.$-32$6,297$12,626Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for QSU. Periods over one year show the average yearly return.
PeriodQSU
Year to date−91.6%
1 month−38.2%
3 months−66.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

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

Annual total returns for QSU
YearReturn barQSU
2026 YTD−91.6%
2025−64.5%

History from Oct 21, 2025

QSU in the news

Filtered to QSU · Single-Stock Long Leveraged

QSU Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Oct 2025. No distributions yet.

QSU 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.

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Oct 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Oct 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
5.73
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.

QSU Cost

Expense ratio1.32%
  • The middle half of Single-Stock Long Leveraged funds
  • Median 0.98%

254 of the 333 Single-Stock Long Leveraged funds charge less.

QSU costs $132.00 a year on $10,000. The median Single-Stock Long Leveraged fund costs $98.00.

Other funds in Single-Stock Long Leveraged

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