QB vs. OCTB

Last updated Jun 24, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and OCTB (Aptus October Buffer ETF) are both Defined Outcome funds. QB is passively managed, while OCTB is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 0.25%/yr for OCTB.

Performance

QB vs. OCTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and Aptus October Buffer ETF (OCTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QB achieves a 9.56% return, which is significantly higher than OCTB's 5.52% return.

QB

• 1D: -1.22%
• 1M: -0.18%
• YTD: 9.56%
• 6M: 9.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OCTB

• 1D: -0.56%
• 1M: 0.00%
• YTD: 5.52%
• 6M: 5.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QB vs. OCTB - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	9.56%	3.02%
OCTB Aptus October Buffer ETF	5.52%	2.37%

Correlation

The correlation between QB and OCTB is 0.79, 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 Oct 14, 2025	0.79

Return for Risk

QB vs. OCTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and Aptus October Buffer ETF (OCTB). 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.

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

Drawdowns

QB vs. OCTB - Drawdown Comparison

The maximum QB drawdown since its inception was -3.47%, smaller than the maximum OCTB drawdown of -4.79%. Use the drawdown chart below to compare losses from any high point for QB and OCTB.

Drawdown Indicators

	QB	OCTB	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-4.79%	+1.32%
Current Drawdown Current decline from peak	-1.51%	-0.82%	-0.69%
Average Drawdown Average peak-to-trough decline	-0.41%	-0.69%	+0.28%

Volatility

Volatility by Period

	QB	OCTB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	7.26%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	7.26%	-0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	7.26%	-0.41%

QB vs. OCTB - Expense Ratio Comparison

QB has a 0.58% expense ratio, which is higher than OCTB's 0.25% expense ratio.

Dividends

QB vs. OCTB - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.63%, while OCTB has not paid dividends to shareholders.

Position	TTM	2025
OCTB Aptus October Buffer ETF	0.00%	0.00%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.63%	0.48%

Frequently Asked Questions

Can I hold both QB and OCTB in my portfolio?

QB and OCTB have a correlation of 0.79, 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 OCTB?

On fees, OCTB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QB or OCTB?

OCTB is cheaper with a 0.25% expense ratio, compared with 0.58% for QB.

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

QB has the higher dividend yield at 0.63%, compared with 0.00% for OCTB.

What is the main difference between QB and OCTB?

They also come from different issuers: ProShares and Aptus Capital Advisors. Their fees differ too: 0.58% for QB and 0.25% for OCTB.