Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF

Frequently Asked Questions About QPUX

What does QPUX invest in?

The fund seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) the performance of an actively managed group of “pure quantum” company securities (the “Target Portfolio”) by employing derivatives, namely swap agreements and/or listed options contracts. It is non-diversified.

What is the expense ratio of QPUX?

Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF (QPUX) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations.

Is QPUX a good long-term hold?

QPUX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple, typically with negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does QPUX's daily reset work?

QPUX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level, so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is QPUX?

Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF (QPUX) manages $24.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is QPUX actively managed or an index fund?

QPUX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.