QB vs. QNXT

Last updated Jun 4, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and QNXT (iShares Nasdaq-100 ex Top 30 ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while QNXT is a Nasdaq-100 fund tracking the Nasdaq-100 ex Top 30 UCITS Index. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 0.20%/yr for QNXT.

Performance

QB vs. QNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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 lower than QNXT's 15.67% return.

QB

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

QNXT

• 1D: -0.61%
• 1M: 9.65%
• YTD: 15.67%
• 6M: 13.13%
• 1Y: 25.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QB vs. QNXT - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%
QNXT iShares Nasdaq-100 ex Top 30 ETF	15.67%	5.52%

Correlation

The correlation between QB and QNXT is 0.67, 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	0.67

QB vs. QNXT - Sectors Allocation Comparison

Sectors	QB	QNXT
Technology	49.9%	40.3%
Communication Services	16.4%	8.8%
Consumer Cyclical	12.5%	17.0%
Consumer Defensive	8.6%	5.7%
Healthcare	5.3%	7.5%
Industrials	3.7%	10.6%
Utilities	1.6%	6.1%
Basic Materials	1.3%	-
Energy	0.6%	2.7%
Financial Services	0.2%	1.0%
Real Estate	0.1%	0.3%

Return for Risk

QB vs. QNXT — Risk / Return Rank

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

QNXT

QNXT Risk / Return Rank: 49
QNXT Sharpe Ratio Rank: 50
QNXT Sortino Ratio Rank: 49
QNXT Omega Ratio Rank: 47
QNXT Calmar Ratio Rank: 52
QNXT Martin Ratio Rank: 49

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. QNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and iShares Nasdaq-100 ex Top 30 ETF (QNXT). 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	QNXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.17	0.90	+2.27

Drawdowns

QB vs. QNXT - Drawdown Comparison

The maximum QB drawdown since its inception was -1.83%, smaller than the maximum QNXT drawdown of -22.25%. Use the drawdown chart below to compare losses from any high point for QB and QNXT.

Drawdown Indicators

	QB	QNXT	Difference
Max Drawdown Largest peak-to-trough decline	-1.83%	-22.25%	+20.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.16%	—
Current Drawdown Current decline from peak	-0.30%	-0.61%	+0.31%
Average Drawdown Average peak-to-trough decline	-0.34%	-3.79%	+3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	QB	QNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.92%	—
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	15.05%	-9.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.75%	19.73%	-13.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.75%	19.73%	-13.98%

QB vs. QNXT - Expense Ratio Comparison

QB has a 0.58% expense ratio, which is higher than QNXT's 0.20% expense ratio.

Dividends

QB vs. QNXT - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.62%, more than QNXT's 0.60% yield.

Position	TTM	2025	2024
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%
QNXT iShares Nasdaq-100 ex Top 30 ETF	0.60%	0.64%	0.22%

Frequently Asked Questions

Can I hold both QB and QNXT in my portfolio?

QB and QNXT have a correlation of 0.67, 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 QNXT?

On fees, QNXT is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QB or QNXT?

QNXT is cheaper with a 0.20% expense ratio, compared with 0.58% for QB.

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

QB has the higher dividend yield at 0.62%, compared with 0.60% for QNXT.

What is the main difference between QB and QNXT?

QB is categorized as Defined Outcome, while QNXT is Nasdaq-100. QB tracks Nasdaq-100, while QNXT tracks Nasdaq-100 ex Top 30 UCITS Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for QB and 0.20% for QNXT.