QB vs. TWOX
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and TWOX (iShares Large Cap Accelerated Outcome ETF) are both Defined Outcome funds. QB is passively managed, while TWOX is actively managed. Over the past year, QB returned 18.28% vs 14.81% for TWOX. A 0.67 correlation means they provide meaningful diversification when combined. QB charges 0.58%/yr vs 0.50%/yr for TWOX.
Performance
QB vs. TWOX - Performance Comparison
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Returns By Period
In the year-to-date period, QB achieves a 12.15% return, which is significantly higher than TWOX's 3.48% return.
QB
- 1D
- -0.14%
- 1M
- 3.02%
- 6M
- 10.85%
- YTD
- 12.15%
- 1Y
- 18.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TWOX
- 1D
- -0.64%
- 1M
- 1.20%
- 6M
- 1.98%
- YTD
- 3.48%
- 1Y
- 14.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB vs. TWOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 12.15% | 6.10% |
TWOX iShares Large Cap Accelerated Outcome ETF | 3.48% | 12.12% |
Correlation
The correlation between QB and TWOX 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 (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.67 |
The correlation between QB and TWOX has been stable across timeframes, ranging from 0.67 to 0.67 - a consistent structural relationship.
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Return for Risk
QB vs. TWOX — Risk / Return Rank
QB
TWOX
QB vs. TWOX - 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 Large Cap Accelerated Outcome ETF (TWOX). 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 | TWOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.30 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 5.28 | 1.56 | +3.72 |
| Martin ratioReturn relative to average drawdown | 25.48 | 7.38 | +18.10 |
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Drawdowns
QB vs. TWOX - Drawdown Comparison
The maximum QB drawdown since its inception was -3.47%, smaller than the maximum TWOX drawdown of -19.35%. Use the drawdown chart below to compare losses from any high point for QB and TWOX.
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Drawdown Indicators
| QB | TWOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -19.35% | +15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -9.51% | +6.04% |
Current DrawdownCurrent decline from peak | -0.31% | -0.64% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -0.42% | -2.46% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 2.01% | -1.29% |
Volatility
QB vs. TWOX - Volatility Comparison
ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) has a higher volatility of 3.05% compared to iShares Large Cap Accelerated Outcome ETF (TWOX) at 1.49%. This indicates that QB's price experiences larger fluctuations and is considered to be riskier than TWOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QB | TWOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.49% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 5.83% | 7.81% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.03% | 10.46% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.93% | 16.21% | -9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.93% | 16.21% | -9.28% |
QB vs. TWOX - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is higher than TWOX's 0.50% expense ratio.
Dividends
QB vs. TWOX - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.78%, more than TWOX's 0.55% yield.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.78% | 0.48% |
TWOX iShares Large Cap Accelerated Outcome ETF | 0.55% | 0.57% |
Frequently Asked Questions
QB and TWOX 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.
QB has higher volatility (3.05%) compared to TWOX (1.49%). In terms of maximum drawdown, QB dropped -3.47% vs TWOX's -19.35%.
On 1-year performance, QB leads with 18.28% vs 14.81% for TWOX. On fees, TWOX is cheaper at 0.50% per year. On volatility, TWOX has been the lower-risk option at 1.49%. 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 18.28% return vs 14.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TWOX is cheaper with a 0.50% expense ratio, compared with 0.58% for QB.
QB has the higher dividend yield at 0.78%, compared with 0.55% for TWOX.
They also come from different issuers: ProShares and iShares. Their fees differ too: 0.58% for QB and 0.50% for TWOX.
QB currently has the higher Sharpe Ratio (2.62 vs 1.42), 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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