QB vs. UVXY
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - QB is a Defined Outcome fund tracking the Nasdaq-100, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past year, QB returned 22.04% vs -70.28% for UVXY. Their -0.56 correlation means they have often moved in opposite directions in the past. QB charges 0.58%/yr vs 0.95%/yr for UVXY.
Performance
QB vs. UVXY - 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 UVXY's -35.49% return.
QB
- 1D
- 0.85%
- 1M
- 4.09%
- 6M
- 15.00%
- YTD
- 15.61%
- 1Y
- 22.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.28%
UVXY
- 1D
- 1.09%
- 1M
- -6.53%
- 6M
- -36.87%
- YTD
- -35.49%
- 1Y
- -70.28%
- 3Y*
- -63.63%
- 5Y*
- -67.81%
- 10Y*
- -71.00%
- ALL TIME*
- -80.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.67K | $35.27K | $152.35K | |
| $189.58M | $189.56M | $234.35M |
QB vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 15.61% | 6.10% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -35.49% | -62.34% |
Correlation
The correlation between QB and UVXY is -0.58, 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. | -0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | -0.56 |
The correlation between QB and UVXY has been stable across timeframes, ranging from -0.58 to -0.56 - a consistent structural relationship.
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Return for Risk
QB vs. UVXY — Risk / Return Rank
QB
UVXY
QB vs. UVXY - 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 Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.87 | ||
| Sortino ratioReturn per unit of downside risk | +5.96 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 0.84 | +0.89 |
| Calmar ratioReturn relative to maximum drawdown | 6.37 | -0.99 | +7.36 |
| Martin ratioReturn relative to average drawdown | 30.57 | -1.47 | +32.04 |
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Drawdowns
QB vs. UVXY - Drawdown Comparison
The maximum QB drawdown since its inception was -3.47%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for QB and UVXY.
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Drawdown Indicators
| QB | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.47% | -100.00% | +96.53% |
Max Drawdown (1Y)Largest decline over 1 year | -3.47% | -71.36% | +67.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -95.42% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | -100.00% | +100.00% |
Average DrawdownAverage peak-to-trough decline | -0.41% | -98.76% | +98.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 47.86% | -47.14% |
Volatility
QB vs. UVXY - Volatility Comparison
The current volatility for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) is 2.40%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 21.98%. This indicates that QB experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QB | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.40% | 21.98% | -19.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 65.18% | -59.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.29% | 86.32% | -79.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 103.35% | -96.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.05% | 112.07% | -105.02% |
QB vs. UVXY - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
QB vs. UVXY - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.75%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.75% | 0.48% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% |
Frequently Asked Questions
QB and UVXY have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (21.98%) compared to QB (2.40%). In terms of maximum drawdown, QB dropped -3.47% vs UVXY's -100.00%.
On 1-year performance, QB leads with 22.04% vs -70.28% for UVXY. 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 -70.28%. 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 UVXY.
QB has the higher dividend yield at 0.75%, compared with 0.00% for UVXY.
QB is categorized as Defined Outcome, while UVXY is Volatility. QB tracks Nasdaq-100, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.58% for QB and 0.95% for UVXY.
QB currently has the higher Sharpe Ratio (3.05 vs -0.82), 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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