QB vs. SQQQ

Last updated Jun 24, 2026

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. At a correlation of -0.82, they often move in opposite directions. QB charges 0.58%/yr vs 0.95%/yr for SQQQ.

Performance

QB vs. SQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and ProShares UltraPro Short QQQ (SQQQ). 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 SQQQ's -40.31% return.

QB

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

SQQQ

• 1D: 9.83%
• 1M: -2.27%
• YTD: -40.31%
• 6M: -37.80%
• 1Y: -61.11%
• 3Y*: -53.86%
• 5Y*: -46.89%
• 10Y*: -56.24%

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

QB vs. SQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	9.56%	6.10%
SQQQ ProShares UltraPro Short QQQ	-40.31%	-31.23%

Correlation

The correlation between QB and SQQQ is -0.82, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	-0.82

QB vs. SQQQ - Sectors Allocation Comparison

Sectors	QB	SQQQ
Technology	49.9%	-
Communication Services	16.4%	-
Consumer Cyclical	12.5%	-
Consumer Defensive	8.6%	-
Healthcare	5.3%	-
Industrials	3.7%	-
Utilities	1.6%	-
Basic Materials	1.3%	-
Energy	0.6%	-
Financial Services	0.2%	122.0%
Real Estate	0.1%	-

Return for Risk

QB vs. SQQQ — 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.

SQQQ

SQQQ Risk / Return Rank: 1
SQQQ Sharpe Ratio Rank: 1
SQQQ Sortino Ratio Rank: 0
SQQQ Omega Ratio Rank: 1
SQQQ Calmar Ratio Rank: 1
SQQQ Martin Ratio Rank: 0

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. 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 ratio: Return per unit of total volatility	—	-1.14	—
Sortino ratio: Return per unit of downside risk	—	-2.07	—
Omega ratio: Gain probability vs. loss probability	—	0.78	—
Calmar ratio: Return relative to maximum drawdown	—	-0.96	—
Martin ratio: Return relative to average drawdown	—	-1.81	—

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.

Drawdown Indicators

	QB	SQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.47%	-100.00%	+96.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-63.52%	—
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	—	-99.98%	—
Current Drawdown Current decline from peak	-1.51%	-100.00%	+98.49%
Average Drawdown Average peak-to-trough decline	-0.41%	-92.73%	+92.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	36.37%	—

Volatility

Volatility by Period

	QB	SQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.69%	—
Volatility (6M) Calculated over the trailing 6-month period	—	43.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.85%	53.65%	-46.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.85%	67.53%	-60.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.85%	66.47%	-59.62%

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 0.63%, less than SQQQ's 11.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.63%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SQQQ ProShares UltraPro Short QQQ	11.44%	9.36%	10.23%	8.01%	0.28%	0.00%	2.15%	2.92%	1.47%	0.14%

Frequently Asked Questions

Can I hold both QB and SQQQ in my portfolio?

QB and SQQQ 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 ETF is better, QB or SQQQ?

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 SQQQ?

QB is cheaper with a 0.58% expense ratio, compared with 0.95% for SQQQ.

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

SQQQ has the higher dividend yield at 11.44%, compared with 0.63% for QB.

What is the main difference between QB and SQQQ?

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.