QB vs. SQQQ
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Both are passively managed. Over the past year, QB returned 22.04% vs -57.01% for SQQQ. Their -0.83 correlation means they have often moved in opposite directions in the past. QB charges 0.58%/yr vs 0.95%/yr for SQQQ.
Performance
QB vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, QB achieves a 15.61% return, which is significantly higher than SQQQ's -44.29% return.
QB
- 1D
- 0.85%
- 1M
- 4.09%
- 6M
- 15.00%
- YTD
- 15.61%
- 1Y
- 22.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.28%
SQQQ
- 1D
- -10.07%
- 1M
- -6.73%
- 6M
- -43.84%
- YTD
- -44.29%
- 1Y
- -57.01%
- 3Y*
- -53.77%
- 5Y*
- -45.76%
- 10Y*
- -54.99%
- ALL TIME*
- -53.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.67K | $35.27K | $152.35K | |
| $2.89B | $2.45B | $2.72B |
QB vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 15.61% | 6.10% |
SQQQ ProShares UltraPro Short QQQ | -44.29% | -31.23% |
Correlation
The correlation between QB and SQQQ is -0.84, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | -0.83 |
The correlation between QB and SQQQ has been stable across timeframes, ranging from -0.84 to -0.83 - a consistent structural relationship.
QB vs. SQQQ - Sectors Allocation Comparison
Sectors
QB
SQQQ
Technology
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Healthcare
-
Industrials
-
Utilities
-
Basic Materials
-
Energy
-
Financial Services
Real Estate
-
Technology
QB
SQQQ
-
Communication Services
QB
SQQQ
-
Consumer Cyclical
QB
SQQQ
-
Consumer Defensive
QB
SQQQ
-
Healthcare
QB
SQQQ
-
Industrials
QB
SQQQ
-
Utilities
QB
SQQQ
-
Basic Materials
QB
SQQQ
-
Energy
QB
SQQQ
-
Financial Services
QB
SQQQ
Real Estate
QB
SQQQ
-
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Return for Risk
QB vs. SQQQ — Risk / Return Rank
QB
SQQQ
QB vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.03 | ||
| Sortino ratioReturn per unit of downside risk | +6.13 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 0.83 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | -0.96 | +7.33 |
| Martin ratioReturn relative to average drawdown | 30.57 | -1.70 | +32.27 |
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Drawdowns
QB vs. SQQQ - Drawdown Comparison
The maximum QB drawdown since its inception was -3.47%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QB and SQQQ.
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Drawdown Indicators
| QB | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -100.00% | +96.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -59.62% | +56.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.27% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.97% | — |
Current DrawdownCurrent decline from peak | 0.00% | -100.00% | +100.00% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -92.78% | +92.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 33.54% | -32.82% |
Volatility
QB vs. SQQQ - Volatility Comparison
The current volatility for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) is 2.40%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 23.31%. This indicates that QB experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QB | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 23.31% | -20.91% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 49.25% | -43.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 58.66% | -51.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 68.39% | -61.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 66.84% | -59.79% |
QB vs. SQQQ - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Dividends
QB vs. SQQQ - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.75%, less than SQQQ's 10.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.75% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 10.72% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
QB and SQQQ have a correlation of -0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (23.31%) compared to QB (2.40%). In terms of maximum drawdown, QB dropped -3.47% vs SQQQ's -100.00%.
On 1-year performance, QB leads with 22.04% vs -57.01% for SQQQ. On fees, QB is cheaper at 0.58% 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.
Over the 1-year period, QB has performed better with a 22.04% return vs -57.01%. 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 0.95% for SQQQ.
SQQQ has the higher dividend yield at 10.72%, compared with 0.75% for QB.
QB is categorized as Defined Outcome, while SQQQ is Leveraged Equities. QB tracks Nasdaq-100, while SQQQ tracks NASDAQ-100 Index (-300%). Their fees differ too: 0.58% for QB and 0.95% for SQQQ.
QB currently has the higher Sharpe Ratio (3.05 vs -0.98), 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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