NVBU vs. QB

Last updated Jul 14, 2026

NVBU (AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. NVBU is actively managed, while QB is passively managed. Over the past year, NVBU returned 15.39% vs 18.28% for QB. A 0.77 correlation means they provide meaningful diversification when combined. NVBU charges 0.74%/yr vs 0.58%/yr for QB.

Performance

NVBU vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) 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, NVBU achieves a 6.63% return, which is significantly lower than QB's 12.15% return.

NVBU

• 1D: -0.70%
• 1M: 0.66%
• 6M: 5.28%
• YTD: 6.63%
• 1Y: 15.39%
• 3Y*: —
• 5Y*: —
• 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)

NVBU vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
NVBU AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF	6.63%	10.63%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.15%	6.10%

Correlation

The correlation between NVBU 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	0.77

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

Return for Risk

NVBU vs. QB — Risk / Return Rank

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

NVBU

NVBU Risk / Return Rank: 65
NVBU Sharpe Ratio Rank: 61
NVBU Sortino Ratio Rank: 60
NVBU Omega Ratio Rank: 59
NVBU Calmar Ratio Rank: 72
NVBU Martin Ratio Rank: 71

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.

NVBU vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) 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.

	NVBU	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.62	-1.01
Sortino ratio: Return per unit of downside risk	2.26	3.81	-1.55
Omega ratio: Gain probability vs. loss probability	1.29	1.62	-0.33
Calmar ratio: Return relative to maximum drawdown	2.87	5.28	-2.41
Martin ratio: Return relative to average drawdown	10.34	25.48	-15.14

NVBU vs. QB - Sharpe Ratio Comparison

The current NVBU Sharpe Ratio is 1.61, which is lower than the QB Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of NVBU 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

NVBU vs. QB - Drawdown Comparison

The maximum NVBU drawdown since its inception was -11.97%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for NVBU and QB.

Drawdown Indicators

	NVBU	QB	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-3.47%	-8.50%
Max Drawdown (1Y) Largest decline over 1 year	-5.38%	-3.47%	-1.91%
Current Drawdown Current decline from peak	-1.44%	-0.31%	-1.13%
Average Drawdown Average peak-to-trough decline	-1.79%	-0.42%	-1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	0.72%	+0.77%

Volatility

NVBU vs. QB - Volatility Comparison

AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF (NVBU) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) have volatilities of 3.17% 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

	NVBU	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.05%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	6.94%	5.83%	+1.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.64%	7.03%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.12%	6.93%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.12%	6.93%	+4.19%

NVBU vs. QB - Expense Ratio Comparison

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

Dividends

NVBU vs. QB - Dividend Comparison

NVBU has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.78%.

Position	TTM	2025
NVBU AllianzIM U.S. Equity Buffer15 Uncapped Nov ETF	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.78%	0.48%

Frequently Asked Questions

Can I hold both NVBU and QB in my portfolio?

NVBU 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, NVBU or QB?

NVBU has higher volatility (3.17%) compared to QB (3.05%). In terms of maximum drawdown, NVBU dropped -11.97% vs QB's -3.47%.

Which ETF is better, NVBU or QB?

On 1-year performance, QB leads with 18.28% vs 15.39% for NVBU. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NVBU or QB?

Over the 1-year period, QB has performed better with a 18.28% return vs 15.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NVBU or QB?

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

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

QB has the higher dividend yield at 0.78%, compared with 0.00% for NVBU.

What is the main difference between NVBU and QB?

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

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.62 vs 1.61), 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.