QB vs. QDTY

Last updated Jun 24, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and QDTY (YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while QDTY is a Nasdaq-100 fund actively managed by YieldMax. QB is passively managed, while QDTY is actively managed. A 0.74 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 1.01%/yr for QDTY.

Performance

QB vs. QDTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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 lower than QDTY's 11.90% return.

QB

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

QDTY

• 1D: -2.95%
• 1M: -0.01%
• YTD: 11.90%
• 6M: 10.72%
• 1Y: 32.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QB vs. QDTY - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	9.56%	6.10%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	11.90%	16.16%

Correlation

The correlation between QB and QDTY is 0.74, 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 26, 2025	0.74

QB vs. QDTY - Sectors Allocation Comparison

Sectors	QB	QDTY
Technology	49.9%	58.5%
Communication Services	16.4%	14.3%
Consumer Cyclical	12.5%	11.4%
Consumer Defensive	8.6%	6.4%
Healthcare	5.3%	3.7%
Industrials	3.7%	2.8%
Utilities	1.6%	1.2%
Basic Materials	1.3%	1.0%
Energy	0.6%	0.5%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QB vs. QDTY — Risk / Return Rank

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

QB

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

QDTY

QDTY Risk / Return Rank: 60
QDTY Sharpe Ratio Rank: 61
QDTY Sortino Ratio Rank: 55
QDTY Omega Ratio Rank: 58
QDTY Calmar Ratio Rank: 63
QDTY Martin Ratio Rank: 61

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. QDTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF (QDTY). 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	QDTY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.94	—
Sortino ratio: Return per unit of downside risk	—	2.52	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.97	—
Martin ratio: Return relative to average drawdown	—	10.47	—

Drawdowns

QB vs. QDTY - Drawdown Comparison

The maximum QB drawdown since its inception was -3.47%, smaller than the maximum QDTY drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for QB and QDTY.

Drawdown Indicators

	QB	QDTY	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-23.45%	+19.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.10%	—
Current Drawdown Current decline from peak	-1.51%	-3.84%	+2.33%
Average Drawdown Average peak-to-trough decline	-0.41%	-4.43%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.14%	—

Volatility

Volatility by Period

	QB	QDTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.81%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	17.02%	-10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	26.25%	-19.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	26.25%	-19.40%

QB vs. QDTY - Expense Ratio Comparison

QB has a 0.58% expense ratio, which is lower than QDTY's 1.01% expense ratio.

Dividends

QB vs. QDTY - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.63%, less than QDTY's 31.83% yield.

Position	TTM	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.63%	0.48%
QDTY YieldMax Nasdaq 100 0DTE Covered Call Strategy ETF	31.83%	26.82%

Frequently Asked Questions

Can I hold both QB and QDTY in my portfolio?

QB and QDTY have a correlation of 0.74, 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 QDTY?

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 QDTY?

QB is cheaper with a 0.58% expense ratio, compared with 1.01% for QDTY.

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

QDTY has the higher dividend yield at 31.83%, compared with 0.63% for QB.

What is the main difference between QB and QDTY?

QB is categorized as Defined Outcome, while QDTY is Nasdaq-100. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.58% for QB and 1.01% for QDTY.