JUNW vs. QB

Last updated Aug 2, 2026

JUNW (AllianzIM U.S. Equity Buffer20 Jun ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. JUNW is actively managed, while QB is passively managed. Over the past year, JUNW returned 7.67% vs 21.06% for QB. Their 0.66 correlation means they have sometimes moved together and sometimes differently. JUNW charges 0.74%/yr vs 0.58%/yr for QB.

Performance

JUNW vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) 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, JUNW achieves a 3.21% return, which is significantly lower than QB's 13.84% return.

JUNW

• 1D: 0.35%
• 1M: 0.44%
• 6M: 2.68%
• YTD: 3.21%
• 1Y: 7.67%
• 3Y*: 9.74%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.62%

QB

• 1D: 0.29%
• 1M: 2.50%
• 6M: 12.93%
• YTD: 13.84%
• 1Y: 21.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.82%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	$1.50M	$1.37M	$5.86M
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	$58.82K	$37.73K	$149.66K

JUNW vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	3.21%	5.53%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	13.84%	6.10%

Correlation

The correlation between JUNW and QB is 0.68, 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.	0.68
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.66

The correlation between JUNW and QB has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.

Return for Risk

JUNW vs. QB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JUNW

JUNW Risk / Return Rank: 82
JUNW Sharpe Ratio Rank: 75
JUNW Sortino Ratio Rank: 77
JUNW Omega Ratio Rank: 85
JUNW Calmar Ratio Rank: 83
JUNW Martin Ratio Rank: 91

QB

QB Risk / Return Rank: 96
QB Sharpe Ratio Rank: 95
QB Sortino Ratio Rank: 95
QB Omega Ratio Rank: 96
QB Calmar Ratio Rank: 95
QB Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JUNW vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) 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.

	JUNW	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.79	-1.06
Sortino ratio: Return per unit of downside risk	2.52	4.14	-1.62
Omega ratio: Gain probability vs. loss probability	1.37	1.66	-0.29
Calmar ratio: Return relative to maximum drawdown	3.15	5.83	-2.68
Martin ratio: Return relative to average drawdown	14.81	27.99	-13.19

JUNW vs. QB - Sharpe Ratio Comparison

The current JUNW Sharpe Ratio is 1.73, which is lower than the QB Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of JUNW and QB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JUNW vs. QB - Drawdown Comparison

The maximum JUNW drawdown since its inception was -8.57%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for JUNW and QB.

Drawdown Indicators

	JUNW	QB	Difference
Max Drawdown Largest peak-to-trough decline	-8.57%	-3.47%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-3.47%	+1.16%
Max Drawdown (3Y) Largest decline over 3 years	-8.57%	—	—
Current Drawdown Current decline from peak	-0.17%	0.00%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.55%	-0.42%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.49%	0.72%	-0.23%

Volatility

JUNW vs. QB - Volatility Comparison

The current volatility for AllianzIM U.S. Equity Buffer20 Jun ETF (JUNW) is 1.57%, while ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) has a volatility of 2.32%. This indicates that JUNW experiences smaller price fluctuations and is considered to be less risky than QB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JUNW	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	2.32%	-0.75%
Volatility (6M) Calculated over the trailing 6-month period	3.67%	6.04%	-2.37%
Volatility (1Y) Calculated over the trailing 1-year period	4.20%	7.27%	-3.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.42%	7.01%	-0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.42%	7.01%	-0.59%

JUNW vs. QB - Expense Ratio Comparison

JUNW has a 0.74% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

JUNW vs. QB - Dividend Comparison

JUNW has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025
JUNW AllianzIM U.S. Equity Buffer20 Jun ETF	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.77%	0.48%

Frequently Asked Questions

Can I hold both JUNW and QB in my portfolio?

JUNW and QB have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JUNW or QB?

QB has higher volatility (2.32%) compared to JUNW (1.57%). In terms of maximum drawdown, JUNW dropped -8.57% vs QB's -3.47%.

Which ETF is better, JUNW or QB?

On 1-year performance, QB leads with 21.06% vs 7.67% for JUNW. On fees, QB is cheaper at 0.58% per year. On volatility, JUNW has been the lower-risk option at 1.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUNW or QB?

Over the 1-year period, QB has performed better with a 21.06% return vs 7.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUNW or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.74% for JUNW.

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

QB has the higher dividend yield at 0.77%, compared with 0.00% for JUNW.

What is the main difference between JUNW and QB?

They also come from different issuers: Allianz and ProShares. Their fees differ too: 0.74% for JUNW and 0.58% for QB.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.79 vs 1.73), 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.