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QSU

GradeDNew York Stock Exchange Arca

Daily Target 2X Long QS ETF

Leveraged · Single-Stock Leveraged · Defiance · Inception 2025-10-20 · SEC filings

This 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.

$4.68−0.15 (−3.12%)

As of Sep 23, 2026, 2:22 PM EDT

History starts Oct 21, 2025.History starts Oct 21, 2025.
Intraday session: down, 26 prints from 4.83 to 4.68. Range 4.61 to 4.80. Use the arrow keys to read each point.$4.60$4.65$4.75$4.8010 AM12 PM2 PM4 PM
Expense ratio
1.32%
Fund size
$7M
1Y return
—
Yield · Last 12 months
—
Holdings
10
Volume · 30D
0.1M sh
NAV per share
$4.91
52W range
low $4.58high $146.76

The ETF.net QSU Grade

D

28/ 100

Rank 273 of 380 in Single-Stock Long Leveraged⁠

Confidence High

Six-pillar profile for QSU. Scores out of 100: Cost 27, Risk 20, Mission 91, Tradability 30, Holdings not scored, Durability 60. Strongest: Mission (91). Weakest: Risk (20). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 28 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 27
    Category rank282/380 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 91
    Category rank80/147 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 20
    Category rank274/285 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 30
    Category rank273/380 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 60
    Category rank130/380 · top 34%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 20, 2026, 5:08 AM
Asset class
Other
Holdings
10
Top-10 weight
241%
Largest holding
QUANTUMSCAPE CORPORATION-SWAP-MSCS-L58.5%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—QUANTUMSCAPE CORPORATION-SWAP-MSCS-L58.53%798,000$4M1
002—United States Treasury Bill 11/19/202629.01%2,000,000$2M48
003—QUANTUMSCAPE CORPORATION-SWAP-NBCB-L27.00%368,165$2M1
004—QUANTUMSCAPE CORP SWAP NM25.62%349,322$2M1
005—QUANTUMSCAP SWAP MAR-L24.55%334,670$2M1
006—QUANTUMSCAPE CORP SWAP JNST-L24.19%329,818$2M1
007—QUANTUMSCAPE CORP SWAP CS21.96%299,439$2M1
008—QUANTUMSCAPE INC SWAP CANTOR18.43%251,318$1M1
009—First American Government Obligations Fund 12/01/203111.57%792,933$793K625

Showing 1–9 of 9 holdings

QSU Performance

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

QSU$1,227
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. QSU $1,227. SPY $11,430. Use the arrow keys to read each point.$360$6,479$12,597Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns 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.

Trailing total return for QSU. Periods over one year show the average yearly return.
PeriodQSU
Year to date−87.7%
1 month−31.8%
3 months−64.6%
1 yearFund is under 1 year old—
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 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−87.7%
2025−64.5%

History from Oct 21, 2025

QSU in the news

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

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 Sep 22, 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.
5.68
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%

250 of the 329 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.