QB vs. BITO
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while BITO is a Cryptocurrency fund actively managed by ProShares. QB is passively managed, while BITO is actively managed. At a 0.43 correlation, their price movements are largely independent. QB charges 0.58%/yr vs 0.95%/yr for BITO.
Performance
QB vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, QB achieves a 9.56% return, which is significantly higher than BITO's -29.93% return.
QB
- 1D
- -1.22%
- 1M
- -0.18%
- YTD
- 9.56%
- 6M
- 9.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BITO
- 1D
- -3.31%
- 1M
- -18.05%
- YTD
- -29.93%
- 6M
- -30.03%
- 1Y
- -42.09%
- 3Y*
- 18.00%
- 5Y*
- —
- 10Y*
- —
QB vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 9.56% | 6.10% |
BITO ProShares Bitcoin Strategy ETF | -29.93% | -20.81% |
Correlation
The correlation between QB and BITO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.43 |
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Return for Risk
QB vs. BITO — Risk / Return Rank
QB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BITO
QB vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and ProShares Bitcoin Strategy ETF (BITO). 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.
| QB | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.85 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.80 | — |
| Martin ratioReturn relative to average drawdown | — | -1.35 | — |
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Drawdowns
QB vs. BITO - Drawdown Comparison
The maximum QB drawdown since its inception was -3.47%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for QB and BITO.
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Drawdown Indicators
| QB | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -77.86% | +74.39% |
Max Drawdown (1Y)Largest decline over 1 year | — | -53.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.10% | — |
Current DrawdownCurrent decline from peak | -1.51% | -51.67% | +50.16% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -36.86% | +36.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 31.28% | — |
Volatility
QB vs. BITO - Volatility Comparison
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Volatility by Period
| QB | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 44.08% | -37.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 55.02% | -48.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 55.02% | -48.17% |
QB vs. BITO - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is lower than BITO's 0.95% expense ratio.
Dividends
QB vs. BITO - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.63%, less than BITO's 71.07% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 71.07% | 78.29% | 61.59% | 15.14% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.63% | 0.48% | 0.00% | 0.00% |
Frequently Asked Questions
QB and BITO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QB is cheaper with a 0.58% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 71.07%, compared with 0.63% for QB.
QB is categorized as Defined Outcome, while BITO is Cryptocurrency. Their fees differ too: 0.58% for QB and 0.95% for BITO.
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