FB vs. QB

Last updated Jun 4, 2026

FB (ProShares S&P 500 Dynamic Daily Buffer ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds from ProShares - FB tracks the S&P 500 while QB tracks the Nasdaq-100. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.58% expense ratio.

Performance

FB vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Dynamic Daily Buffer ETF (FB) 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, FB achieves a 6.03% return, which is significantly lower than QB's 10.47% return.

FB

• 1D: -0.15%
• 1M: 1.90%
• YTD: 6.03%
• 6M: 6.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.19%
• 1M: 2.95%
• YTD: 10.47%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FB vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
FB ProShares S&P 500 Dynamic Daily Buffer ETF	6.03%	6.72%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between FB and QB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.81

Return for Risk

FB vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Dynamic Daily Buffer ETF (FB) 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

	FB	QB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	3.04	3.17	-0.13

Drawdowns

FB vs. QB - Drawdown Comparison

The maximum FB drawdown since its inception was -1.38%, smaller than the maximum QB drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for FB and QB.

Drawdown Indicators

	FB	QB	Difference
Max Drawdown Largest peak-to-trough decline	-1.38%	-1.83%	+0.45%
Current Drawdown Current decline from peak	-0.15%	-0.30%	+0.15%
Average Drawdown Average peak-to-trough decline	-0.30%	-0.34%	+0.04%

Volatility

Volatility by Period

	FB	QB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	4.67%	5.75%	-1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.67%	5.75%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.67%	5.75%	-1.08%

FB vs. QB - Expense Ratio Comparison

Both FB and QB have an expense ratio of 0.58%.

Dividends

FB vs. QB - Dividend Comparison

FB's dividend yield for the trailing twelve months is around 1.23%, more than QB's 0.62% yield.

Position	TTM	2025
FB ProShares S&P 500 Dynamic Daily Buffer ETF	1.23%	0.92%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%

Frequently Asked Questions

Can I hold both FB and QB in my portfolio?

FB and QB have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FB or QB?

Both ETFs have the same 0.58% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FB or QB?

FB and QB have the same expense ratio: 0.58% per year.

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

FB has the higher dividend yield at 1.23%, compared with 0.62% for QB.

What is the main difference between FB and QB?

FB tracks S&P 500, while QB tracks Nasdaq-100.