QB vs. QQQY
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while QQQY is a Nasdaq-100 fund actively managed by Defiance. QB is passively managed, while QQQY is actively managed. Over the past year, QB returned 21.06% vs 21.17% for QQQY. Their 0.79 correlation means they have sometimes moved together and sometimes differently. QB charges 0.58%/yr vs 0.99%/yr for QQQY.
Performance
QB vs. QQQY - Performance Comparison
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Returns By Period
In the year-to-date period, QB achieves a 13.84% return, which is significantly higher than QQQY's 12.11% return.
QB
- 1D
- 0.29%
- 1M
- 2.50%
- 6M
- 12.93%
- YTD
- 13.84%
- 1Y
- 21.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.82%
QQQY
- 1D
- 0.50%
- 1M
- -3.16%
- 6M
- 11.25%
- YTD
- 12.11%
- 1Y
- 21.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $58.82K | $37.73K | $149.66K | |
| $1.79M | $2.09M | $2.92M |
QB vs. QQQY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 13.84% | 6.10% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 12.11% | 11.48% |
Correlation
The correlation between QB and QQQY is 0.80, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.79 |
The correlation between QB and QQQY has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
QB vs. QQQY — Risk / Return Rank
QB
QQQY
QB vs. QQQY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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 | QQQY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.21 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.83 | 1.72 | +4.11 |
| Martin ratioReturn relative to average drawdown | 27.99 | 6.07 | +21.92 |
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Drawdowns
QB vs. QQQY - Drawdown Comparison
The maximum QB drawdown since its inception was -3.47%, smaller than the maximum QQQY drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for QB and QQQY.
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Drawdown Indicators
| QB | QQQY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -19.05% | +15.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -11.14% | +7.67% |
Current DrawdownCurrent decline from peak | 0.00% | -6.19% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -2.96% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 3.15% | -2.43% |
Volatility
QB vs. QQQY - Volatility Comparison
The current volatility for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) is 2.32%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 6.53%. This indicates that QB experiences smaller price fluctuations and is considered to be less risky than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QB | QQQY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 6.53% | -4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.04% | 15.23% | -9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 17.41% | -10.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.01% | 15.75% | -8.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.01% | 15.75% | -8.74% |
QB vs. QQQY - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is lower than QQQY's 0.99% expense ratio.
Dividends
QB vs. QQQY - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.77%, less than QQQY's 37.47% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.77% | 0.48% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 37.47% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
QB and QQQY have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQY has higher volatility (6.53%) compared to QB (2.32%). In terms of maximum drawdown, QB dropped -3.47% vs QQQY's -19.05%.
On 1-year performance, QQQY leads with 21.17% vs 21.06% for QB. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QQQY has performed better with a 21.17% return vs 21.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QB is cheaper with a 0.58% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 37.47%, compared with 0.77% for QB.
QB is categorized as Defined Outcome, while QQQY is Nasdaq-100. They also come from different issuers: ProShares and Defiance. Their fees differ too: 0.58% for QB and 0.99% for QQQY.
QB currently has the higher Sharpe Ratio (2.79 vs 1.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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