AUGZ vs. QB
AUGZ (TrueShares Structured Outcome (August) ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds - AUGZ tracks the S&P 500 Index while QB tracks the Nasdaq-100. Both are passively managed. Over the past year, AUGZ returned 15.39% vs 21.06% for QB. Their 0.78 correlation means they have sometimes moved together and sometimes differently. AUGZ charges 0.79%/yr vs 0.58%/yr for QB.
Performance
AUGZ vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, AUGZ achieves a 7.11% return, which is significantly lower than QB's 13.84% return.
AUGZ
- 1D
- 0.80%
- 1M
- 0.15%
- 6M
- 6.16%
- YTD
- 7.11%
- 1Y
- 15.39%
- 3Y*
- 14.20%
- 5Y*
- 9.79%
- 10Y*
- —
- ALL TIME*
- 12.49%
QB
- 1D
- 0.29%
- 1M
- 2.50%
- 6M
- 12.93%
- YTD
- 13.84%
- 1Y
- 21.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $28.12K | $49.05K | $654.57K | |
| $58.82K | $37.73K | $149.66K |
AUGZ vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 7.11% | 9.89% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 6.10% |
Correlation
The correlation between AUGZ and QB is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.78 |
The correlation between AUGZ and QB has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
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Return for Risk
AUGZ vs. QB — Risk / Return Rank
AUGZ
QB
AUGZ vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (August) ETF (AUGZ) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUGZ | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.66 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 5.83 | -3.97 |
| Martin ratioReturn relative to average drawdown | 7.17 | 27.99 | -20.83 |
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Drawdowns
AUGZ vs. QB - Drawdown Comparison
The maximum AUGZ drawdown since its inception was -15.67%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for AUGZ and QB.
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Drawdown Indicators
| AUGZ | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.67% | -3.47% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -3.47% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.67% | — | — |
Current DrawdownCurrent decline from peak | -1.62% | 0.00% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -0.42% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 0.72% | +1.16% |
Volatility
AUGZ vs. QB - Volatility Comparison
TrueShares Structured Outcome (August) ETF (AUGZ) has a higher volatility of 3.20% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 2.32%. This indicates that AUGZ's price experiences larger fluctuations and is considered to be riskier than QB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUGZ | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 2.32% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 6.04% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 7.27% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 7.01% | +5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.13% | 7.01% | +5.12% |
AUGZ vs. QB - Expense Ratio Comparison
AUGZ has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
AUGZ vs. QB - Dividend Comparison
AUGZ's dividend yield for the trailing twelve months is around 3.39%, more than QB's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUGZ TrueShares Structured Outcome (August) ETF | 3.39% | 3.63% | 4.08% | 3.42% | 0.41% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.77% | 0.48% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AUGZ and QB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AUGZ has higher volatility (3.20%) compared to QB (2.32%). In terms of maximum drawdown, AUGZ dropped -15.67% vs QB's -3.47%.
On 1-year performance, QB leads with 21.06% vs 15.39% for AUGZ. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QB has performed better with a 21.06% return vs 15.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QB is cheaper with a 0.58% expense ratio, compared with 0.79% for AUGZ.
AUGZ has the higher dividend yield at 3.39%, compared with 0.77% for QB.
AUGZ tracks S&P 500 Index, while QB tracks Nasdaq-100. They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.79% for AUGZ and 0.58% for QB.
QB currently has the higher Sharpe Ratio (2.79 vs 1.27), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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