PASX

Defiance Daily Target 2X Long Pasqal ETF

Defiance

PASX, the Defiance Daily Target 2X Long Pasqal ETF, is an ETF whose main story is the quantum frontier.

Key facts

Issued by Defiance

Against its peers

Nearest by size

The ETFs ranked just above and below PASX by assets, among the 26 ETFs whose main narrative is the quantum frontier, largest first.

#ETFSHAREASSETS1 YEARCOST
16INFH0.1%$3.5m––
17QNTU0.1%$2.8m–1.49%
18XQBTunder 0.1%$1.7m–0.49%
19IONCunder 0.1%$348,593–0.45%
20XQTMunder 0.1%$322,010–0.45%
21RGTCunder 0.1%$223,872–0.45%
22QUAunder 0.1%$188,791–0.45%
23CHQT––––
24HQU––––
25PASX––––
26QTE––––

Share is each ETF’s slice of the money in ETFs carrying this narrative. 1 year is price change plus dividends; cost is the yearly fee.

The narrative it carries

This is its only narrative.

The quantum frontier →

Quantum computing developers and the chip companies beside them, and the distance from milestone to revenue.

This week its attention level is 51.0, in the WARM band, 14th of 22. 29 ETFs carry it.

PASX has no assets on file this week, so it has no share of this narrative’s money yet.

See who owns the quantum frontier and all 29 ETFs →

How it is built

A leveraged ETF that aims for 2 times the daily return of what it tracks, reset each day, and gets its exposure through swaps. It counts toward its narrative's share of money at its net assets.

Leverage2xAims for 2 times the daily move, reset each day
OptionsNoneNo options on top of what it holds
ExposureSwapsGets its exposure through swap contracts with banks
Underlyings1A single asset or index: PSQL

Common questions

What story is PASX selling?

PASX’s main story is the quantum frontier, which covers quantum computing developers and the chip companies beside them, and the distance from milestone to revenue.

Is PASX leveraged?

Yes. PASX aims for 2 times the daily return of what it tracks, reset each day, so over longer periods its return can differ a lot from 2 times.

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Attention figures are weekly, from the board. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →