MAYZ vs. QB

Last updated Jul 14, 2026

MAYZ (TrueShares Structured Outcome (May) ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds - MAYZ tracks the S&P 500 Price Index while QB tracks the Nasdaq-100. Both are passively managed. Over the past year, MAYZ returned 16.46% vs 18.28% for QB. A 0.78 correlation means they provide meaningful diversification when combined. MAYZ charges 0.79%/yr vs 0.58%/yr for QB.

Performance

MAYZ vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (May) ETF (MAYZ) 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, MAYZ achieves a 7.98% return, which is significantly lower than QB's 12.15% return.

MAYZ

• 1D: -0.67%
• 1M: 0.86%
• 6M: 6.17%
• YTD: 7.98%
• 1Y: 16.46%
• 3Y*: 14.89%
• 5Y*: 8.97%
• 10Y*: —

QB

• 1D: -0.14%
• 1M: 3.02%
• 6M: 10.85%
• YTD: 12.15%
• 1Y: 18.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAYZ vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
MAYZ TrueShares Structured Outcome (May) ETF	7.98%	10.24%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.15%	6.10%

Correlation

The correlation between MAYZ and QB is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.78

The correlation between MAYZ and QB has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.

MAYZ vs. QB - Sectors Allocation Comparison

Sectors	MAYZ	QB
Technology	35.3%	49.9%
Financial Services	13.4%	0.2%
Consumer Cyclical	10.6%	12.5%
Communication Services	9.9%	16.4%
Healthcare	8.8%	5.3%
Industrials	7.8%	3.7%
Consumer Defensive	5.2%	8.6%
Energy	3.0%	0.6%
Utilities	2.5%	1.6%
Real Estate	2.0%	0.1%
Basic Materials	1.6%	1.3%

Return for Risk

MAYZ vs. QB — Risk / Return Rank

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

MAYZ

MAYZ Risk / Return Rank: 55
MAYZ Sharpe Ratio Rank: 57
MAYZ Sortino Ratio Rank: 57
MAYZ Omega Ratio Rank: 56
MAYZ Calmar Ratio Rank: 47
MAYZ Martin Ratio Rank: 60

QB

QB Risk / Return Rank: 94
QB Sharpe Ratio Rank: 93
QB Sortino Ratio Rank: 94
QB Omega Ratio Rank: 95
QB Calmar Ratio Rank: 93
QB Martin Ratio Rank: 96

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.

MAYZ vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (May) ETF (MAYZ) 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.

	MAYZ	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.54	2.62	-1.08
Sortino ratio: Return per unit of downside risk	2.18	3.81	-1.63
Omega ratio: Gain probability vs. loss probability	1.28	1.62	-0.35
Calmar ratio: Return relative to maximum drawdown	1.89	5.28	-3.39
Martin ratio: Return relative to average drawdown	8.25	25.48	-17.23

MAYZ vs. QB - Sharpe Ratio Comparison

The current MAYZ Sharpe Ratio is 1.54, which is lower than the QB Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of MAYZ 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

MAYZ vs. QB - Drawdown Comparison

The maximum MAYZ drawdown since its inception was -19.23%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for MAYZ and QB.

Drawdown Indicators

	MAYZ	QB	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-3.47%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-3.47%	-5.26%
Max Drawdown (3Y) Largest decline over 3 years	-13.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	—	—
Current Drawdown Current decline from peak	-0.98%	-0.31%	-0.67%
Average Drawdown Average peak-to-trough decline	-4.70%	-0.42%	-4.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	0.72%	+1.28%

Volatility

MAYZ vs. QB - Volatility Comparison

TrueShares Structured Outcome (May) ETF (MAYZ) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) have volatilities of 3.03% and 3.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAYZ	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	3.05%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	5.83%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.76%	7.03%	+3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.15%	6.93%	+5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.03%	6.93%	+5.10%

MAYZ vs. QB - Expense Ratio Comparison

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

Dividends

MAYZ vs. QB - Dividend Comparison

MAYZ's dividend yield for the trailing twelve months is around 1.99%, more than QB's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021
MAYZ TrueShares Structured Outcome (May) ETF	1.99%	2.15%	1.95%	2.75%	0.69%	1.90%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.78%	0.48%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MAYZ and QB in my portfolio?

MAYZ and QB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAYZ or QB?

QB has higher volatility (3.05%) compared to MAYZ (3.03%). In terms of maximum drawdown, MAYZ dropped -19.23% vs QB's -3.47%.

Which ETF is better, MAYZ or QB?

On 1-year performance, QB leads with 18.28% vs 16.46% for MAYZ. On fees, QB is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAYZ or QB?

Over the 1-year period, QB has performed better with a 18.28% return vs 16.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAYZ or QB?

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

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

MAYZ has the higher dividend yield at 1.99%, compared with 0.78% for QB.

What is the main difference between MAYZ and QB?

MAYZ tracks S&P 500 Price Index, while QB tracks Nasdaq-100. They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.79% for MAYZ and 0.58% for QB.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.62 vs 1.54), 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.