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QBTZ vs SKHZ

Defiance Daily Target 2X Short QBTS ETF

QBTZDNasdaq

Leverage Shares 1X Short SK Hynix Daily ETF

SKHZCCboe

Overlap

Expense ratio

SKHZ −1.56pt a year

QBTZ2.31%SKHZ0.75%

Avg volume · 30D

SKHZ 4.5×the volume

QBTZ425KSKHZ1.9M

QBTZ vs SKHZ Performance

Aug 7, 2026 – Nov 9, 2026

+66.5%QBTZ−11.2%SKHZ

Aug 7, 2026 to Nov 9, 2026. QBTZ +66.5%. SKHZ −11.2%. Use the arrow keys to read each point.100%150%200%Aug 2026Sep 2026Nov 2026
Expense ratio
QBTZ 2.31%
SKHZ 0.75%, better
Fund size
QBTZ $3M
SKHZ $7M
1Y total return
QBTZ −88.9%
SKHZ No data
Holdings
QBTZ 3
SKHZ 2
Avg volume (30D)
QBTZ 425K sh
SKHZ 1.9M sh, better
NAV per share
QBTZ $29.06
SKHZ $12.85
52W range

ETF.net Grade

QBTZ: Cost 0, Risk 29, Mission 99, Tradability 25, Holdings not scored, Durability 36. SKHZ: Cost 100, Risk 80, Mission not scored, Tradability 72, Holdings not scored, Durability 27.
Pillar letters and Scores for QBTZ, SKHZ, with each pillar’s weight
PillarQBTZSKHZ
Cost30% weightF0A100Higher
Mission25% weightA99Not scored
Risk15% weightD29A80Higher
Tradability15% weightD25A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightD36HigherD27

Rank among Single-Stock Inverse funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. QBTZ and SKHZ are both graded against the same 43 Single-Stock Inverse funds, so their Grades compare head to head.

Single-Stock Inverse⁠

Category · 43 funds
See all 43 ›

SKHZ ranks 27th and QBTZ 34th of 43 funds in the Single-Stock Inverse Category.

  1. Rank 27CRKLZDefiance Daily Target 2X Short RKLB ETFScore 40
  2. Rank 27CSKHZLeverage Shares 1X Short SK Hynix Daily ETFScore 40
  3. Rank 27CTSMZDirexion Daily TSM Bear 1X ETFScore 40
  4. Rank 34DQBTZDefiance Daily Target 2X Short QBTS ETFScore 38
  5. Rank 34DRGTZDefiance Daily Target 2X Short RGTI ETFScore 38

Our read on each fund

ETF.net Research

QBTZDDefiance Daily Target 2X Short QBTS ETF

SKHZCLeverage Shares 1X Short SK Hynix Daily ETF

In short

QBTZ The first 2X short ETF on D-Wave Quantum. QBTZ aims to deliver -200% of QBTS's move for one trading day at a time, then resets, so it is a trading tool rather than a long-haul quantum bet.

SKHZ No data

Stated mandate

QBTZ QBTZ seeks daily inverse results equal to -200% of the daily percentage change in D-Wave Quantum Inc.'s share price. It is designed for short-term use and does not target results over periods longer than one trading day.

SKHZ No data

Why people hold it

  • QBTZ Does what the label says: -200% of D-Wave Quantum's daily percentage change, reset each session. In our tracking review it lands close to that stated one-day target.defianceetfs.com
  • Shorting a quantum stock usually means a margin account and locating a borrow. QBTZ packages amplified inverse exposure into one ticker in a regular brokerage account.defianceetfs.com
  • One ticker, no options chain. No strikes, no expiry calendar, no premium decay to manage; the inverse exposure is reset for you at the end of each trading day.defianceetfs.com

SKHZ No data

Worth knowing

  • QBTZ Costs 2.31%, above what this category typically charges. Cheaper bear peers exist, including TSDD at 0.95% net of a waiver through December 31, 2026 and SKHZ at 0.75%.
  • The -200% target applies to a single day. Over longer holds, daily compounding can push results well away from -2x the period move, in either direction.defianceetfs.com
  • A 2025 launch with assets at the small end of its category and a short risk history, which is part of why it sits in the lower half of its peer group here.

SKHZ No data

Full QBTZ profile⁠

Full SKHZ profile⁠

QBTZ vs SKHZ Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

QBTZ vs SKHZ Cost

Overpaying QBTZ vs SKHZ

$22,090

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • QBTZ 2.31%

    $36,572

  • SKHZ 0.75%

    $14,482

$10,000
30 years

Cost over time

  • QBTZ 2.31%
  • SKHZ 0.75%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530QBTZ $36,572SKHZ $14,482

Year by year

YearQBTZSKHZOverpaying
10$3,857$1,336$2,521
20$13,687$5,078$8,609
30$36,572$14,482$22,090

Expense ratio

  • 2.31%QBTZ
  • 0.75%SKHZ, cheaper
  • Middle half of Single-Stock Inverse funds
  • Median 1.05%

SKHZ cheapest of 43 funds

QBTZ 43rd cheapest of 43 funds

QBTZ vs SKHZ Dividends

Last 12 months to Nov 9, 2026
Payout (12M)
QBTZ None
SKHZ None

Distribution history

QBTZAll QBTZ payments⁠

No distribution history available.

SKHZAll SKHZ payments⁠

No distribution history available.

QBTZ vs SKHZ Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
QBTZ 204.4%since Nov 2025SKHZ No data
Return per unit of riskSharpe ratio, 3 years
QBTZ 0.36since Nov 2025SKHZ No data
Worst fallMax drawdown, 5 years
QBTZ −96.6%since Oct 2025SKHZ No data
Market sensitivityBeta, 5 years
QBTZ −8.19SKHZ −6.28

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