Owns a roughly equal-weighted basket of companies working on quantum computing and machine learning, from chipmakers to the firms building the machines, following a BlueStar index.
QTUM, the Defiance Quantum ETF, is a $5.6 billion ETF whose main story is the quantum frontier. It holds 92.7% of the money in ETFs carrying that story, 1st of 25. Over the past year it returned +44.6%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.
The narrative it carries
Its main narrative, at 0.7 of its exposure.
The quantum frontier →
Quantum computing developers and the chip companies beside them, and the distance from milestone to revenue.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | QTUM | 92.7% | $5.64bn | +44.6% | 0.40% |
| 2 | WQTM | 5.8% | $352.2m | – | 0.45% |
| 3 | CHPX | 0.5% | $116.1m | +98.8% | 0.50% |
| 4 | QTUP | 0.5% | $20.6m | – | 0.77% |
| 5 | CQTM | 0.4% | $16.8m | – | 0.35% |
| 20 other ETFs | 0.1% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 25 ETFs on the narrative page →
Also carries: The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
FRI OCT 2MARKET PRICE TOTAL RETURN
| 1M | 3M | YTD | 1Y | 3Y* | 5Y* | |
|---|---|---|---|---|---|---|
| QTUM | +8.2% | +1.0% | +43.3% | +44.6% | +49.6% | +26.6% |
| The quantum frontierits narrative | +7.8% | +0.2% | +42.2% | – | – | – |
| The marketbroad US ETFs | +0.8% | +2.6% | +14.6% | +16.8% | +22.9% | +12.9% |
1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on September 5, 2018: +26.7% a year.
$10,000 invested September 30, 2018
Year by year
Total return in each calendar year; this year is year to date. A year appears only if QTUM traded for all of it.
Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.
FRI OCT 2MARKET PRICE TOTAL RETURN
How closely it moves
QTUM moves closely with the market. When the market has moved 1%, QTUM has tended to move 1.45%.
QTUM moves closely with the quantum frontier. When the quantum frontier has moved 1%, QTUM has tended to move 0.70%.
Weekly returns over 157 weeks. The narrative is measured without QTUM in it, so it is not compared with itself.
ETFs it moves most and least like
Correlation of weekly returns over the last 3 years, among unlevered ETFs StoryVector covers.
Risk
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Second narrative: read in the ETF’s own filing.
Common questions
What story is QTUM selling?
QTUM’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. Its second is the AI compute core.
Which ETFs compete with QTUM?
The ETFs whose weekly returns move most like QTUM’s over the past 3 years are WTAI (0.91), CHPX (0.90) and XSD (0.90).
How much of the quantum frontier does QTUM hold?
QTUM holds 92.7% of the money in ETFs carrying that story, 1st of 25.
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