QB vs. QTOP

Last updated Aug 5, 2026

QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and QTOP (iShares Nasdaq Top 30 Stocks ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index. Both are passively managed. Over the past year, QB returned 22.04% vs 30.82% for QTOP. Their correlation of 0.82 means they have usually moved in the same direction. QB charges 0.58%/yr vs 0.20%/yr for QTOP.

Performance

QB vs. QTOP - 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 Top 30 Stocks ETF (QTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QB achieves a 15.61% return, which is significantly lower than QTOP's 18.71% return.

QB

• 1D: 0.85%
• 1M: 4.09%
• 6M: 15.00%
• YTD: 15.61%
• 1Y: 22.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.28%

QTOP

• 1D: 3.47%
• 1M: 1.80%
• 6M: 18.12%
• YTD: 18.71%
• 1Y: 30.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 27.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	$54.67K	$35.27K	$152.35K
QTOP iShares Nasdaq Top 30 Stocks ETF	$6.36M	$5.85M	$7.10M

QB vs. QTOP - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	15.61%	6.10%
QTOP iShares Nasdaq Top 30 Stocks ETF	18.71%	15.69%

Correlation

The correlation between QB and QTOP is 0.82, 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.	0.82
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.82

The correlation between QB and QTOP has been stable across timeframes, ranging from 0.82 to 0.82 - a consistent structural relationship.

QB vs. QTOP - Sectors Allocation Comparison

Sectors	QB	QTOP
Technology	49.9%	67.0%
Communication Services	16.4%	15.2%
Consumer Cyclical	12.5%	9.1%
Consumer Defensive	8.6%	7.2%
Healthcare	5.3%	2.9%
Industrials	3.7%	0.9%
Utilities	1.6%	-
Basic Materials	1.3%	1.5%
Energy	0.6%	-
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QB vs. QTOP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QB

QB Risk / Return Rank: 96
QB Sharpe Ratio Rank: 95
QB Sortino Ratio Rank: 96
QB Omega Ratio Rank: 97
QB Calmar Ratio Rank: 96
QB Martin Ratio Rank: 97

QTOP

QTOP Risk / Return Rank: 53
QTOP Sharpe Ratio Rank: 52
QTOP Sortino Ratio Rank: 50
QTOP Omega Ratio Rank: 49
QTOP Calmar Ratio Rank: 60
QTOP Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QB vs. QTOP - 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 Top 30 Stocks ETF (QTOP). 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	QTOP	Difference
Sharpe ratio: Return per unit of total volatility	3.05	1.44	+1.61
Sortino ratio: Return per unit of downside risk	4.54	2.00	+2.53
Omega ratio: Gain probability vs. loss probability	1.73	1.25	+0.48
Calmar ratio: Return relative to maximum drawdown	6.37	2.38	+3.99
Martin ratio: Return relative to average drawdown	30.57	7.35	+23.22

QB vs. QTOP - Sharpe Ratio Comparison

The current QB Sharpe Ratio is 3.05, which is higher than the QTOP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of QB and QTOP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QB vs. QTOP - Drawdown Comparison

The maximum QB drawdown since its inception was -3.47%, smaller than the maximum QTOP drawdown of -23.28%. Use the drawdown chart below to compare losses from any high point for QB and QTOP.

Drawdown Indicators

	QB	QTOP	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-23.28%	+19.81%
Max Drawdown (1Y) Largest decline over 1 year	-3.47%	-13.02%	+9.55%
Current Drawdown Current decline from peak	0.00%	-3.46%	+3.46%
Average Drawdown Average peak-to-trough decline	-0.41%	-3.93%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.72%	4.20%	-3.48%

Volatility

QB vs. QTOP - Volatility Comparison

The current volatility for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) is 2.40%, while iShares Nasdaq Top 30 Stocks ETF (QTOP) has a volatility of 9.01%. This indicates that QB experiences smaller price fluctuations and is considered to be less risky than QTOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QB	QTOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	9.01%	-6.61%
Volatility (6M) Calculated over the trailing 6-month period	6.11%	18.36%	-12.25%
Volatility (1Y) Calculated over the trailing 1-year period	7.29%	21.63%	-14.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	23.92%	-16.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.05%	23.92%	-16.87%

QB vs. QTOP - Expense Ratio Comparison

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

Dividends

QB vs. QTOP - Dividend Comparison

QB's dividend yield for the trailing twelve months is around 0.75%, more than QTOP's 0.33% yield.

Position	TTM	2025	2024
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.75%	0.48%	0.00%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.33%	0.38%	0.11%

Frequently Asked Questions

Can I hold both QB and QTOP in my portfolio?

QB and QTOP have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QB or QTOP?

QTOP has higher volatility (9.01%) compared to QB (2.40%). In terms of maximum drawdown, QB dropped -3.47% vs QTOP's -23.28%.

Which ETF is better, QB or QTOP?

On 1-year performance, QTOP leads with 30.82% vs 22.04% for QB. On fees, QTOP is cheaper at 0.20% per year. On volatility, QB has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QB or QTOP?

Over the 1-year period, QTOP has performed better with a 30.82% return vs 22.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QB or QTOP?

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

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

QB has the higher dividend yield at 0.75%, compared with 0.33% for QTOP.

What is the main difference between QB and QTOP?

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

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (3.05 vs 1.44), 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.