QB vs. DDSQ

Last updated Jul 15, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and DDSQ (Innovator Equity Dual Directional 5 Buffer ETF - Quarterly) are both Defined Outcome funds. QB is passively managed, while DDSQ is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 0.79%/yr for DDSQ.

Performance

QB vs. DDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QB

• 1D: 0.47%
• 1M: 3.50%
• 6M: 11.39%
• YTD: 12.67%
• 1Y: 18.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DDSQ

• 1D: 0.18%
• 1M: 0.67%
• 6M: 9.76%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QB vs. DDSQ - Yearly Performance Comparison

	2026 (YTD)
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.67%
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	10.28%

Correlation

The correlation between QB and DDSQ is 0.60, 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 Jan 2, 2026	0.60

Return for Risk

QB vs. DDSQ — Risk / Return Rank

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

QB

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

DDSQ

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.

QB vs. DDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and Innovator Equity Dual Directional 5 Buffer ETF - Quarterly (DDSQ). 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	DDSQ	Difference
Sharpe ratio: Return per unit of total volatility	2.69	—	—
Sortino ratio: Return per unit of downside risk	3.91	—	—
Omega ratio: Gain probability vs. loss probability	1.64	—	—
Calmar ratio: Return relative to maximum drawdown	5.44	—	—
Martin ratio: Return relative to average drawdown	26.25	—	—

Drawdowns

QB vs. DDSQ - Drawdown Comparison

The maximum QB drawdown since its inception was -3.47%, smaller than the maximum DDSQ drawdown of -3.69%. Use the drawdown chart below to compare losses from any high point for QB and DDSQ.

Drawdown Indicators

	QB	DDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-3.69%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-3.47%	—	—
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-0.42%	-0.30%	-0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	—	—

Volatility

Volatility by Period

	QB	DDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.03%	10.54%	-3.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.93%	10.54%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.93%	10.54%	-3.61%

QB vs. DDSQ - Expense Ratio Comparison

QB has a 0.58% expense ratio, which is lower than DDSQ's 0.79% expense ratio.

Dividends

QB vs. DDSQ - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.77%, while DDSQ has not paid dividends to shareholders.

Position	TTM	2025
DDSQ Innovator Equity Dual Directional 5 Buffer ETF - Quarterly	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.77%	0.48%

Frequently Asked Questions

Can I hold both QB and DDSQ in my portfolio?

QB and DDSQ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QB or DDSQ?

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, QB or DDSQ?

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

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

QB has the higher dividend yield at 0.77%, compared with 0.00% for DDSQ.

What is the main difference between QB and DDSQ?

They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.58% for QB and 0.79% for DDSQ.