QB vs. IQQQ
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. Both are passively managed. Over the past year, QB returned 18.83% vs 26.85% for IQQQ. Their correlation of 0.81 suggests significant overlap in exposure. QB charges 0.58%/yr vs 0.55%/yr for IQQQ.
Performance
QB vs. IQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, QB achieves a 12.67% return, which is significantly lower than IQQQ's 14.90% return.
QB
- 1D
- 0.47%
- 1M
- 3.50%
- 6M
- 11.39%
- YTD
- 12.67%
- 1Y
- 18.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQQQ
- 1D
- 1.08%
- 1M
- -0.58%
- 6M
- 12.88%
- YTD
- 14.90%
- 1Y
- 26.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB vs. IQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.67% | 6.10% |
IQQQ ProShares Nasdaq-100 High Income ETF | 14.90% | 13.62% |
Correlation
The correlation between QB and IQQQ is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.81 |
The correlation between QB and IQQQ has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.
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Return for Risk
QB vs. IQQQ — Risk / Return Rank
QB
IQQQ
QB vs. IQQQ - 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 Nasdaq-100 High Income ETF (IQQQ). 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 | IQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.26 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.44 | 2.42 | +3.02 |
| Martin ratioReturn relative to average drawdown | 26.25 | 7.99 | +18.26 |
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Drawdowns
QB vs. IQQQ - Drawdown Comparison
The maximum QB drawdown since its inception was -3.47%, smaller than the maximum IQQQ drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for QB and IQQQ.
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Drawdown Indicators
| QB | IQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -20.41% | +16.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -11.13% | +7.66% |
Current DrawdownCurrent decline from peak | 0.00% | -3.51% | +3.51% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -3.63% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 3.37% | -2.65% |
Volatility
QB vs. IQQQ - Volatility Comparison
The current volatility for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) is 2.86%, while ProShares Nasdaq-100 High Income ETF (IQQQ) has a volatility of 7.33%. This indicates that QB experiences smaller price fluctuations and is considered to be less risky than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QB | IQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 7.33% | -4.47% |
Volatility (6M)Calculated over the trailing 6-month period | 5.82% | 14.35% | -8.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.03% | 17.61% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 19.15% | -12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 19.15% | -12.22% |
QB vs. IQQQ - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is higher than IQQQ's 0.55% expense ratio.
Dividends
QB vs. IQQQ - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.77%, less than IQQQ's 5.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IQQQ ProShares Nasdaq-100 High Income ETF | 5.20% | 10.34% | 7.27% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.77% | 0.48% | 0.00% |
Frequently Asked Questions
QB and IQQQ have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IQQQ has higher volatility (7.33%) compared to QB (2.86%). In terms of maximum drawdown, QB dropped -3.47% vs IQQQ's -20.41%.
On 1-year performance, IQQQ leads with 26.85% vs 18.83% for QB. On fees, IQQQ is cheaper at 0.55% per year. On volatility, QB has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IQQQ has performed better with a 26.85% return vs 18.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IQQQ is cheaper with a 0.55% expense ratio, compared with 0.58% for QB.
IQQQ has the higher dividend yield at 5.20%, compared with 0.77% for QB.
QB is categorized as Defined Outcome, while IQQQ is Nasdaq-100. QB tracks Nasdaq-100, while IQQQ tracks Nasdaq-100 Daily Covered Call Index. Their fees differ too: 0.58% for QB and 0.55% for IQQQ.
QB currently has the higher Sharpe Ratio (2.69 vs 1.53), 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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