QTUM vs TEKY

QTUMADefiance Quantum ETF

TEKYCLazard Next Gen Technologies ETF

In short

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.

TEKY Most AI ETFs hand the job to an index. TEKY is the stock-picker's version: Lazard analysts run a concentrated global book of roughly 50 names across the whole AI stack, from chipmakers to the firms selling AI software onward.

Stated mandate

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.

TEKY The Portfolio normally invests at least 80% of its net assets in equity and equity-related securities of or related to next-generation technology companies worldwide, including companies involved in artificial intelligence and automation.

Why people hold it

• 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.

• TEKY Active by design. Managers hold roughly 40 to 60 names spanning AI hardware infrastructure, enabling technologies and application vendors, instead of tracking a theme index.sec.gov
• Cheap for an active thematic: 0.50% net of a fee waiver (0.60% gross), below the category median fee and under active peer IGPT at 0.57%.
• The mandate is worldwide, not US-only. At least 80% of assets go to next-gen tech companies anywhere, via common stock, ADRs and global depositary receipts.sec.gov

Worth knowing

• 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.

• TEKY Thinly traded. Spreads and market impact can cost more than the expense ratio, which matters most on bigger orders.
• Non-diversified under SEC rules and concentrated by construction, so one issuer or one corner of the AI stack can swing the fund harder.lazardassetmanagement.com
• Launched in 2025, so the record is short, and cash comes back once or twice a year rather than quarterly.

Full QTUM profile⁠

Full TEKY profile⁠