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. Over the past year, QB returned 22.04% vs -46.07% for BITO. Their 0.42 correlation means their historical movements had little consistent relationship. 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 15.61% return, which is significantly higher than BITO's -27.98% return.
QB
- 1D
- 0.85%
- 1M
- 4.09%
- 6M
- 15.00%
- YTD
- 15.61%
- 1Y
- 22.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.28%
BITO
- 1D
- 0.58%
- 1M
- 4.24%
- 6M
- -17.22%
- YTD
- -27.98%
- 1Y
- -46.07%
- 3Y*
- 22.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.25B | $2.50B | $2.06B | |
| $54.67K | $35.27K | $152.35K |
QB vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 15.61% | 6.10% |
BITO ProShares Bitcoin Strategy ETF | -27.98% | -20.81% |
Correlation
The correlation between QB and BITO is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.42 |
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Return for Risk
QB vs. BITO — Risk / Return Rank
QB
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 | +4.10 | ||
| Sortino ratioReturn per unit of downside risk | +6.12 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 0.83 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | -0.85 | +7.22 |
| Martin ratioReturn relative to average drawdown | 30.57 | -1.29 | +31.86 |
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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 | -3.47% | -54.47% | +51.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.47% | — |
Current DrawdownCurrent decline from peak | 0.00% | -50.33% | +50.33% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -37.20% | +36.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 35.76% | -35.04% |
Volatility
QB vs. BITO - Volatility Comparison
The current volatility for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) is 2.40%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 8.00%. This indicates that QB experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QB | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 8.00% | -5.60% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 32.76% | -26.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 44.12% | -36.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 54.56% | -47.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 54.56% | -47.51% |
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 0.75%, less than BITO's 46.76% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 46.76% | 78.29% | 61.59% | 15.14% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.75% | 0.48% | 0.00% | 0.00% |
Frequently Asked Questions
QB and BITO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITO has higher volatility (8.00%) compared to QB (2.40%). In terms of maximum drawdown, QB dropped -3.47% vs BITO's -77.86%.
On 1-year performance, QB leads with 22.04% vs -46.07% for BITO. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QB has performed better with a 22.04% return vs -46.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QB is cheaper with a 0.58% expense ratio, compared with 0.95% for BITO.
BITO has the higher dividend yield at 46.76%, compared with 0.75% 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.
QB currently has the higher Sharpe Ratio (3.05 vs -1.05), 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.
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