QB vs. QMMY

Last updated Jun 24, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while QMMY is a Nasdaq-100 fund actively managed by First Trust. QB is passively managed, while QMMY is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 0.90%/yr for QMMY.

Performance

QB vs. QMMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY). 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 QMMY's 4.05% return.

QB

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

QMMY

• 1D: -1.37%
• 1M: -0.76%
• YTD: 4.05%
• 6M: 3.89%
• 1Y: 12.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QB vs. QMMY - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	9.56%	6.10%
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	4.05%	7.39%

Correlation

The correlation between QB and QMMY is 0.72, 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	0.72

Return for Risk

QB vs. QMMY — 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.

QMMY

QMMY Risk / Return Rank: 69
QMMY Sharpe Ratio Rank: 58
QMMY Sortino Ratio Rank: 59
QMMY Omega Ratio Rank: 69
QMMY Calmar Ratio Rank: 73
QMMY Martin Ratio Rank: 87

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. QMMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY). 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	QMMY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	2.52	—
Omega ratio: Gain probability vs. loss probability	—	1.37	—
Calmar ratio: Return relative to maximum drawdown	—	3.35	—
Martin ratio: Return relative to average drawdown	—	16.89	—

Drawdowns

QB vs. QMMY - Drawdown Comparison

The maximum QB drawdown since its inception was -3.47%, smaller than the maximum QMMY drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for QB and QMMY.

Drawdown Indicators

	QB	QMMY	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-12.82%	+9.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.82%	—
Current Drawdown Current decline from peak	-1.51%	-2.03%	+0.52%
Average Drawdown Average peak-to-trough decline	-0.41%	-1.13%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.76%	—

Volatility

Volatility by Period

	QB	QMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	7.28%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	11.08%	-4.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	11.08%	-4.23%

QB vs. QMMY - Expense Ratio Comparison

QB has a 0.58% expense ratio, which is lower than QMMY's 0.90% expense ratio.

Dividends

QB vs. QMMY - Dividend Comparison

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

Position	TTM	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.63%	0.48%
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both QB and QMMY in my portfolio?

QB and QMMY have a correlation of 0.72, 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 QMMY?

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 QMMY?

QB is cheaper with a 0.58% expense ratio, compared with 0.90% for QMMY.

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

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

What is the main difference between QB and QMMY?

QB is categorized as Defined Outcome, while QMMY is Nasdaq-100. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.58% for QB and 0.90% for QMMY.