# Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF (QPUX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/qpux for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Defiance · Asset class: Equity - Strategy: Leveraged · Inception: 2025-08-06 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. ## Key Facts | Metric | Value | |---|---| | Price | $6.39 | | Expense Ratio | 1.29% | | Assets Under Management | $21.6M | | NAV | $6.39 | | Holdings Count | 29 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $6.16 – $149.40 | | Beta | 11.60 | ## Frequently Asked Questions ### 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 $21.6M 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. ### Does QPUX pay a dividend? Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF (QPUX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does QPUX pay dividends? Tidal Trust II - Defiance 2X Daily Long Pure Quantum ETF pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is QPUX's dividend yield? QPUX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is QPUX's next ex-dividend date? QPUX hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will QPUX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.29% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does QPUX charge its expense ratio? The expense ratio is deducted in tiny daily slices from QPUX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does QPUX cost more than a fund like VOO? QPUX is a leveraged fund (current expense ratio 1.29%). Daily-reset leverage products carry swap and financing costs that don't exist on a plain-vanilla equity ETF. The Cost Verdict card compares against the leveraged/inverse cohort where these costs are the norm. ### Are there cheaper alternatives to QPUX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as QPUX (1.29%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/qpux - Distribution history: https://www.dividenddata.com/funds/qpux/dividend - Holdings & diversification: https://www.dividenddata.com/funds/qpux/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/qpux/expenses - Peer comparison: https://www.dividenddata.com/funds/qpux/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.