DECP vs. QB
DECP (PGIM S&P 500 Buffer 12 ETF - December) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. DECP is actively managed, while QB is passively managed. Over the past year, DECP returned 17.40% vs 15.92% for QB. A 0.75 correlation means they provide meaningful diversification when combined. DECP charges 0.50%/yr vs 0.58%/yr for QB.
Performance
DECP vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, DECP achieves a 5.59% return, which is significantly lower than QB's 9.26% return.
DECP
- 1D
- 0.07%
- 1M
- -0.60%
- YTD
- 5.59%
- 6M
- 4.92%
- 1Y
- 17.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -0.08%
- 1M
- -1.17%
- YTD
- 9.26%
- 6M
- 9.05%
- 1Y
- 15.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DECP vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DECP PGIM S&P 500 Buffer 12 ETF - December | 5.59% | 11.18% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 9.26% | 6.10% |
Correlation
The correlation between DECP and QB is 0.75, 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 Jun 26, 2025 | 0.75 |
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Return for Risk
DECP vs. QB — Risk / Return Rank
DECP
QB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DECP vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PGIM S&P 500 Buffer 12 ETF - December (DECP) 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.
| DECP | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.41 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | — | — |
| Martin ratioReturn relative to average drawdown | 15.30 | — | — |
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Drawdowns
DECP vs. QB - Drawdown Comparison
The maximum DECP drawdown since its inception was -12.12%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for DECP and QB.
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Drawdown Indicators
| DECP | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.12% | -3.47% | -8.65% |
Max Drawdown (1Y)Largest decline over 1 year | -5.43% | -3.47% | -1.96% |
Current DrawdownCurrent decline from peak | -1.21% | -1.78% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -1.12% | -0.42% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | — | — |
Volatility
DECP vs. QB - Volatility Comparison
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Volatility by Period
| DECP | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.26% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.06% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.15% | 6.83% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.90% | 6.83% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.90% | 6.83% | +3.07% |
DECP vs. QB - Expense Ratio Comparison
DECP has a 0.50% expense ratio, which is lower than QB's 0.58% expense ratio.
Dividends
DECP vs. QB - Dividend Comparison
DECP has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.80%.
| Position | TTM | 2025 |
|---|---|---|
DECP PGIM S&P 500 Buffer 12 ETF - December | 0.00% | 0.00% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.80% | 0.48% |
Frequently Asked Questions
DECP and QB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, DECP leads with 17.40% vs 15.92% for QB. On fees, DECP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DECP has performed better with a 17.40% return vs 15.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DECP is cheaper with a 0.50% expense ratio, compared with 0.58% for QB.
QB has the higher dividend yield at 0.80%, compared with 0.00% for DECP.
They also come from different issuers: PGIM and ProShares. Their fees differ too: 0.50% for DECP and 0.58% for QB.
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