QBTX vs SPY
Tradr 2X Long QBTS Daily ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, QBTX or SPY?
Trading-Leveraged Equity against Large Cap Blend.
SPY has a lower expense ratio. QBTX led over the full window, SPY over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | QBTX | SPY |
|---|---|---|
| Expense Ratio | 1.31% | 0.09%Best |
| AUM | $62M | $811.2B |
| Dividend Yield | 0.00% | 0.98% |
| Holdings | 6 | 1,515 |
| YTD Return | -61.89% | +14.77%Best |
| 1Y Return | -87.73% | +18.61%Best |
| 3Y Return (annualized) | - | +22.83% |
| 5Y Return (annualized) | - | +13.84% |
| Volatility (annualized) | 372.8% | 11.8%Best |
| Max Drawdown | -96.1% | -8.9%Best |
| $10,000 over 1.5 years | $18,670Best | $14,480 |
| Fund Family | Tradr ETFs | State Street Investment Management |
| Category | Alternative | Equity |
| Style | Trading-Leveraged Equity | Large Cap Blend |
| Inception | Apr 24, 2025 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.5 years row, are measured over the window both funds cover: Apr 25, 2025 to Oct 13, 2026 (1.5 years).
QBTX vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
QBTX vs SPY Performance
Tradr 2X Long QBTS Daily ETF (QBTX) is an ETF from Tradr ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year QBTX returned -87.73% while SPY returned +18.61%. Year to date, QBTX is down 61.89% versus a gain of 14.77% for SPY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QBTX has been the more volatile fund, with annualized monthly volatility of 372.8% compared with 11.8% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -96.1% for QBTX and -8.9% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
QBTX charges 1.31% per year while SPY charges 0.09%. On a $10,000 position that is $131 vs $9 annually, a gap of $122 per year that compounds over a long holding period. On income, QBTX currently yields 0.00% against 0.98% for SPY.
You are not choosing between two funds in isolation.
Whichever of QBTX and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, QBTX or SPY?
QBTX has an expense ratio of 1.31% while SPY charges 0.09%. SPY is the cheaper option, by $122 a year on a $10,000 investment.
Which performed better, QBTX or SPY?
Over the past year QBTX returned -87.73% vs +18.61% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), QBTX annualized +51.62% vs +27.99% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, QBTX or SPY?
QBTX has been the more volatile fund at 372.8% annualized versus 11.8% for SPY. Worst drawdown: QBTX -96.1% vs SPY -8.9%.
Should I hold both QBTX and SPY?
QBTX and SPY have a monthly-return correlation of 0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, QBTX or SPY?
QBTX yields 0.00% while SPY yields 0.98%, so SPY currently pays the higher dividend yield.
Is SPY better than QBTX?
SPY has a lower expense ratio. QBTX led over the full window, SPY over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.