Defiance Daily Target 2x Short QBTS ETFQBTZ

Defiance ETFs has launched the first ETF targeting the Nasdaq-100, excluding software companies. The Defiance US 100 Tech Ex Software ETF (QBTZ) aims to provide investors with exposure to the hardware and semiconductor segments of the tech sector, while avoiding the volatility of software stocks. This niche approach sets it apart from traditional tech ETFs, offering a unique investment opportunity for those looking to diversify within the tech sector.

The ETF’s mandate is to provide 2x concentrated exposure to the Nasdaq-100, excluding software companies. This means that if the Nasdaq-100 (minus software) increases by 1%, the ETF aims to increase by 2%. Conversely, if the index decreases by 1%, the ETF aims to decrease by 2%. This concentrated approach can amplify gains but also magnifies losses, making it a high-risk, high-reward investment. The ETF charges an expense ratio of 0.75%, which is relatively high compared to some of its competitors.

As of July 25, 2026, the ETF has an AUM of approximately $10 million, indicating that it is still a relatively small player in the ETF market. The top holdings of the ETF include companies like Apple, Amazon, and Microsoft, but with a focus on their hardware and semiconductor operations rather than their software divisions. This unique approach aims to provide investors with a more targeted exposure to the tech sector, avoiding the volatility of software stocks.

For those interested in tracking the performance of the ETF, it is listed on the Nasdaq under the ticker QBTZ. Investors can access detailed information about the ETF’s holdings, performance, and other relevant data through the Defiance ETFs official website. The ETF’s prospectus and other regulatory filings are also available on the SEC’s EDGAR database, providing transparency and ensuring compliance with regulatory requirements.