DECP vs. QB

Last updated Jun 6, 2026

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. 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

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM S&P 500 Buffer 12 ETF - December (DECP) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECP achieves a 5.60% return, which is significantly lower than QB's 6.95% return.

DECP

• 1D: -1.18%
• 1M: 0.50%
• YTD: 5.60%
• 6M: 5.12%
• 1Y: 19.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: -3.00%
• 1M: -1.90%
• YTD: 6.95%
• 6M: 6.54%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DECP vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
DECP PGIM S&P 500 Buffer 12 ETF - December	5.60%	10.54%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	6.95%	5.77%

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 27, 2025	0.75

Return for Risk

DECP vs. QB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DECP

DECP Risk / Return Rank: 81
DECP Sharpe Ratio Rank: 80
DECP Sortino Ratio Rank: 80
DECP Omega Ratio Rank: 82
DECP Calmar Ratio Rank: 75
DECP Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	DECP	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.40	—	—
Sortino ratio: Return per unit of downside risk	3.34	—	—
Omega ratio: Gain probability vs. loss probability	1.46	—	—
Calmar ratio: Return relative to maximum drawdown	3.59	—	—
Martin ratio: Return relative to average drawdown	17.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DECP	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	2.15	-0.83

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.

Drawdown Indicators

	DECP	QB	Difference
Max Drawdown Largest peak-to-trough decline	-12.12%	-3.47%	-8.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	—	—
Current Drawdown Current decline from peak	-1.20%	-3.47%	+2.27%
Average Drawdown Average peak-to-trough decline	-1.13%	-0.36%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	—	—

Volatility

Volatility by Period

	DECP	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.83%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.13%	6.54%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.96%	6.54%	+3.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.96%	6.54%	+3.42%

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 0.64%.

Position	TTM	2025
DECP PGIM S&P 500 Buffer 12 ETF - December	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.64%	0.48%

Frequently Asked Questions

Can I hold both DECP and QB in my portfolio?

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.

Which ETF is better, DECP or 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.

Which ETF is cheaper, DECP or QB?

DECP is cheaper with a 0.50% expense ratio, compared with 0.58% for QB.

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

QB has the higher dividend yield at 0.64%, compared with 0.00% for DECP.

What is the main difference between DECP and QB?

They also come from different issuers: PGIM and ProShares. Their fees differ too: 0.50% for DECP and 0.58% for QB.