ONEZ vs. QB

Last updated Jun 20, 2026

ONEZ (TrueShares Seasonality Laddered Buffered ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. ONEZ is actively managed, while QB is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. ONEZ charges 0.98%/yr vs 0.58%/yr for QB.

Performance

ONEZ vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Seasonality Laddered Buffered ETF (ONEZ) 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, ONEZ achieves a 6.62% return, which is significantly lower than QB's 11.24% return.

ONEZ

• 1D: 0.81%
• 1M: 0.58%
• YTD: 6.62%
• 6M: 6.82%
• 1Y: 17.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: 1.27%
• 1M: 1.25%
• YTD: 11.24%
• 6M: 10.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ONEZ vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
ONEZ TrueShares Seasonality Laddered Buffered ETF	6.62%	8.29%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	11.24%	6.10%

Correlation

The correlation between ONEZ and QB is 0.72, 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 26, 2025	0.72

Return for Risk

ONEZ vs. QB — Risk / Return Rank

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

ONEZ

ONEZ Risk / Return Rank: 55
ONEZ Sharpe Ratio Rank: 54
ONEZ Sortino Ratio Rank: 55
ONEZ Omega Ratio Rank: 52
ONEZ Calmar Ratio Rank: 54
ONEZ Martin Ratio Rank: 60

QB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ONEZ vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Seasonality Laddered Buffered ETF (ONEZ) 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.

	ONEZ	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.79	—	—
Sortino ratio: Return per unit of downside risk	2.55	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.59	—	—
Martin ratio: Return relative to average drawdown	10.47	—	—

Drawdowns

ONEZ vs. QB - Drawdown Comparison

The maximum ONEZ drawdown since its inception was -13.24%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for ONEZ and QB.

Drawdown Indicators

	ONEZ	QB	Difference
Max Drawdown Largest peak-to-trough decline	-13.24%	-3.47%	-9.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	—	—
Current Drawdown Current decline from peak	-1.21%	0.00%	-1.21%
Average Drawdown Average peak-to-trough decline	-2.06%	-0.41%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	—	—

Volatility

Volatility by Period

	ONEZ	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	6.75%	+2.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	6.75%	+5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	6.75%	+5.20%

ONEZ vs. QB - Expense Ratio Comparison

ONEZ has a 0.98% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

ONEZ vs. QB - Dividend Comparison

ONEZ's dividend yield for the trailing twelve months is around 3.72%, more than QB's 0.62% yield.

Position	TTM	2025
ONEZ TrueShares Seasonality Laddered Buffered ETF	3.72%	3.97%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%

Frequently Asked Questions

Can I hold both ONEZ and QB in my portfolio?

ONEZ and QB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ONEZ or QB?

On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ONEZ or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.98% for ONEZ.

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

ONEZ has the higher dividend yield at 3.72%, compared with 0.62% for QB.

What is the main difference between ONEZ and QB?

They also come from different issuers: TrueShares and ProShares. Their fees differ too: 0.98% for ONEZ and 0.58% for QB.