DDNQ vs. QB

Last updated Jun 5, 2026

DDNQ (Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. DDNQ is actively managed, while QB is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. DDNQ charges 0.79%/yr vs 0.58%/yr for QB.

Performance

DDNQ vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly (DDNQ) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DDNQ

• 1D: 0.02%
• 1M: 0.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.19%
• 1M: 2.03%
• YTD: 10.26%
• 6M: 9.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDNQ vs. QB - Yearly Performance Comparison

	2026 (YTD)
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	5.06%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.18%

Correlation

The correlation between DDNQ and QB is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 5, 2026	0.71

DDNQ vs. QB - Sectors Allocation Comparison

Sectors	DDNQ	QB
Technology	50.7%	49.9%
Communication Services	15.8%	16.4%
Consumer Cyclical	12.5%	12.5%
Consumer Defensive	8.7%	8.6%
Healthcare	5.1%	5.3%
Industrials	3.3%	3.7%
Utilities	1.6%	1.6%
Basic Materials	1.3%	1.3%
Energy	0.7%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

DDNQ vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly (DDNQ) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DDNQ	QB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	3.12	-1.87

Drawdowns

DDNQ vs. QB - Drawdown Comparison

The maximum DDNQ drawdown since its inception was -5.65%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for DDNQ and QB.

Drawdown Indicators

	DDNQ	QB	Difference
Max Drawdown Largest peak-to-trough decline	-5.65%	-1.83%	-3.82%
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-0.73%	-0.35%	-0.38%

Volatility

Volatility by Period

	DDNQ	QB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	10.17%	5.74%	+4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.17%	5.74%	+4.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.17%	5.74%	+4.43%

DDNQ vs. QB - Expense Ratio Comparison

DDNQ has a 0.79% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

DDNQ vs. QB - Dividend Comparison

DDNQ has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025
DDNQ Innovator Growth-100 Dual Directional 5 Buffer ETF - Quarterly	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%

Frequently Asked Questions

Can I hold both DDNQ and QB in my portfolio?

DDNQ and QB have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DDNQ or QB?

On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DDNQ or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.79% for DDNQ.

Which ETF pays a higher dividend yield, DDNQ or QB?

QB has the higher dividend yield at 0.62%, compared with 0.00% for DDNQ.

What is the main difference between DDNQ and QB?

They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for DDNQ and 0.58% for QB.