IVES vs QTUM

IVESCDan Ives Wedbush AI Revolution ETF

QTUMADefiance Quantum ETF

In short

IVES Wedbush turned its own AI research call into a ticker. IVES tracks a house-built index of roughly 30 AI names, reaching past US megacaps into chip-supply-chain countries like Taiwan, the Netherlands and Israel.

QTUM Live since 2018, QTUM turns the quantum-computing story into a plain index fund: about 90 global names spanning quantum hardware and machine learning, for 0.40% a year.

Stated mandate

IVES The Fund seeks to track, before fees and expenses, the total return of the Solactive Wedbush Artificial Intelligence Index.

QTUM The Fund seeks to track, before fees and expenses, the total return of the BlueStar® Quantum Computing and Machine Learning Index. It uses a passive indexing approach.

Why people hold it

• IVES Concentration is the point: roughly 30 stocks, not 300, so the names the index selects actually move the fund.
• It doesn't stop at Silicon Valley. The mandate reaches into Taiwan, the Netherlands, Israel and China, where much of the physical AI supply chain sits.
• Rules first, hunches second. It follows the Solactive Wedbush Artificial Intelligence Index, so the selection logic is written down before you own it.
• Shares trade actively, which generally keeps the gap between the market price and the fund's underlying value tight for everyday orders.

• QTUM 0.40% a year against a 0.68% median for its AI-theme cohort, and it undercuts peers like WTAI (0.45%) and ALAI (0.55%).
• Rules-based by design: it tracks the BlueStar Quantum Computing and Machine Learning Index, so no manager is hand-picking which quantum story wins.
• About 90 holdings across global markets, so the theme rides on a basket instead of two or three pure plays.
• Size and liquidity back it up: a multi-billion-dollar fund that trades actively, and one of the stronger implementations in its thematic peer group.

Worth knowing

• IVES At 0.75% a year it sits above the typical AI index fund. XAIX charges 0.35% and ARTY 0.47% for their own takes on the theme.
• Both the fund and its index launched in 2025, so there's no multi-year record of how closely it has tracked the benchmark.
• Thirty-odd stocks in one theme cuts both ways: the focus that sharpens the AI bet also makes for a bumpier ride than a broad tech fund.

• QTUM Risk is the softest part of the profile. One narrow, early-stage theme in a single asset class means sharper swings than a broad-market fund.
• The index covers machine learning as well as quantum, so part of the basket is familiar AI exposure rather than quantum specialists.
• Distributions come quarterly, but a growth theme like this is not built around income.

Full IVES profile⁠

Full QTUM profile⁠