QB vs. NJUL

Last updated Jun 4, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and NJUL (Innovator Nasdaq-100 Power Buffer ETF - July) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while NJUL is a Nasdaq-100 fund tracking the Invesco QQQ Trust. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 0.79%/yr for NJUL.

Performance

QB vs. NJUL - 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 Nasdaq-100 Power Buffer ETF - July (NJUL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QB achieves a 10.47% return, which is significantly higher than NJUL's 6.16% return.

QB

• 1D: -0.19%
• 1M: 2.95%
• YTD: 10.47%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NJUL

• 1D: 0.02%
• 1M: 1.39%
• YTD: 6.16%
• 6M: 6.40%
• 1Y: 18.75%
• 3Y*: 14.95%
• 5Y*: 10.86%
• 10Y*: —

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

QB vs. NJUL - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	6.16%	8.00%

Correlation

The correlation between QB and NJUL is 0.73, 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 27, 2025	0.73

QB vs. NJUL - Sectors Allocation Comparison

Sectors	QB	NJUL
Technology	49.9%	54.2%
Communication Services	16.4%	15.5%
Consumer Cyclical	12.5%	12.2%
Consumer Defensive	8.6%	7.6%
Healthcare	5.3%	4.2%
Industrials	3.7%	2.8%
Utilities	1.6%	1.4%
Basic Materials	1.3%	1.2%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QB vs. NJUL — Risk / Return Rank

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

NJUL

NJUL Risk / Return Rank: 80
NJUL Sharpe Ratio Rank: 75
NJUL Sortino Ratio Rank: 79
NJUL Omega Ratio Rank: 81
NJUL Calmar Ratio Rank: 76
NJUL Martin Ratio Rank: 88

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. NJUL - 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 Nasdaq-100 Power Buffer ETF - July (NJUL). 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.

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

Sharpe Ratios by Period

	QB	NJUL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.45	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.17	1.01	+2.16

Drawdowns

QB vs. NJUL - Drawdown Comparison

The maximum QB drawdown since its inception was -1.83%, smaller than the maximum NJUL drawdown of -14.37%. Use the drawdown chart below to compare losses from any high point for QB and NJUL.

Drawdown Indicators

	QB	NJUL	Difference
Max Drawdown Largest peak-to-trough decline	-1.83%	-14.37%	+12.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.37%	—
Current Drawdown Current decline from peak	-0.30%	0.00%	-0.30%
Average Drawdown Average peak-to-trough decline	-0.34%	-2.31%	+1.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.96%	—

Volatility

Volatility by Period

	QB	NJUL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	7.71%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	11.56%	-5.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.75%	11.06%	-5.31%

QB vs. NJUL - Expense Ratio Comparison

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

Dividends

QB vs. NJUL - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.62%, while NJUL has not paid dividends to shareholders.

Position	TTM	2025
NJUL Innovator Nasdaq-100 Power Buffer ETF - July	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%

Frequently Asked Questions

Can I hold both QB and NJUL in my portfolio?

QB and NJUL have a correlation of 0.73, 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 NJUL?

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 NJUL?

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

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

QB has the higher dividend yield at 0.62%, compared with 0.00% for NJUL.

What is the main difference between QB and NJUL?

QB is categorized as Defined Outcome, while NJUL is Nasdaq-100. QB tracks Nasdaq-100, while NJUL tracks Invesco QQQ Trust. They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.58% for QB and 0.79% for NJUL.