ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) belongs to the Defined Outcome category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with QB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to QB
QB charges 0.58% annually. There are 30 ETFs in the Defined Outcome category with lower expense ratios, going as low as 0.25%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Aptus October Buffer ETF | 0.25% | — | Oct 2025 | QB vs OCTB | |
| Aptus January Buffer ETF | 0.25% | — | Oct 2025 | QB vs JANB | |
| Aptus July Buffer ETF | 0.25% | — | Oct 2025 | QB vs JULB | |
| Aptus April Buffer ETF | 0.25% | — | Oct 2025 | QB vs APRB | |
| Fidelity Dynamic Buffered Equity ETF | 0.48% | — | Apr 2024 | QB vs FBUF |
Best Risk-Adjusted Alternatives to QB
QB has a PortfoliosLab risk / return rank of 95. There are 48 ETFs in the Defined Outcome category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 99 | — | Mar 2025 | QB vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 98 | 19.60M | Apr 2025 | QB vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 98 | — | Mar 2025 | QB vs MMAX | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | 98 | — | Apr 2025 | QB vs ZAPR | |
| Innovator U.S. Equity Accelerated 9 Buffer ETF - A... | 98 | 134.85M | Mar 2021 | QB vs XBAP |
Top Performing QB Alternatives (YTD)
QB is at 12.67% YTD. There are 4 ETFs in the Defined Outcome category with higher YTD returns, going as high as 16.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Leverage Shares 2x Capped Accelerated NVDA Monthly... | 16.35% | — | Aug 2025 | QB vs NVDO | |
| Innovator U.S. Small Cap Power Buffer ETF - Februa... | 13.68% | — | Jan 2025 | QB vs KFEB | |
| Innovator Russell 2000 Power Buffer ETF - April | 13.02% | 214.51M | Mar 2020 | QB vs KAPR | |
| FT Cboe Vest Nasdaq-100 Buffer ETF - March | 12.77% | 568.10M | Mar 2021 | QB vs QMAR | |
| PGIM Nasdaq-100 Buffer 12 ETF - April | 11.88% | 25.92M | Dec 2024 | QB vs PQAP |
Lowest Volatility Alternatives to QB
QB has 7.03% 1-year volatility. There are 182 ETFs in the Defined Outcome category with lower 1-year volatility, going as low as 1.15%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | 1.15% | — | Mar 2025 | QB vs PMAP | |
| FT Vest U.S. Equity Max Buffer ETF - April | 1.24% | — | Apr 2025 | QB vs APXM | |
| PGIM S&P 500 Max Buffer ETF - May | 1.31% | — | Apr 2025 | QB vs PMMY | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | 1.34% | 19.60M | Apr 2025 | QB vs CPSP | |
| iShares Large Cap Max Buffer Mar ETF | 1.42% | — | Mar 2025 | QB vs MMAX |
Lowest Drawdown Alternatives to QB
QB has a 1-year max drawdown of -3.47%. There are 102 ETFs in the Defined Outcome category with shallower 1-year drawdowns, going as shallow as -0.35%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM S&P 500 Max Buffer ETF - April | -0.35% | — | Mar 2025 | QB vs PMAP | |
| Calamos S&P 500 Structured Alt Protection ETF - Ap... | -0.37% | 19.60M | Apr 2025 | QB vs CPSP | |
| Innovator Equity Defined Protection ETF - 1 Yr Apr... | -0.40% | — | Apr 2025 | QB vs ZAPR | |
| iShares Large Cap Max Buffer Mar ETF | -0.46% | — | Mar 2025 | QB vs MMAX | |
| Calamos S&P 500 Structured Alt Protection ETF - Ma... | -0.49% | 56.60M | May 2024 | QB vs CPSM |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 50 | 42.86% | 37.04B | Feb 2010 | QB vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 52 | 30.96% | 14.15B | Jun 2006 | QB vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -27.52% | 1.45B | Oct 2021 | QB vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 52 | 25.19% | 5.47B | Jun 2009 | QB vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 55 | 18.15% | 8.13B | Jun 2006 | QB vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 76 | 81.18% | 2.97B | Jan 2007 | QB vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 33 | 9.33% | 11.63B | Oct 2013 | QB vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -42.24% | 2.09B | Feb 2010 | QB vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 56 | 14.90% | 410.75M | Mar 2024 | QB vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -33.76% | 216.19M | Oct 2011 | QB vs UVXY |
Often Compared With QB
Investors most often compare QB with QDTY, QMMY, QCJL. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare QB with Any Fund or Stock
Compare QB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair QB with funds that move differently
ProShares Nasdaq-100 Dynamic Daily Buffer ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to QB.
Explore QB Diversifiers