QB vs. ZAPR
QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) and ZAPR (Innovator Equity Defined Protection ETF - 1 Yr April) are both Defined Outcome funds. QB is passively managed, while ZAPR is actively managed. At a 0.47 correlation, their price movements are largely independent. QB charges 0.58%/yr vs 0.79%/yr for ZAPR.
Performance
QB vs. ZAPR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QB achieves a 10.47% return, which is significantly higher than ZAPR's 3.25% return.
QB
- 1D
- -0.19%
- 1M
- 2.95%
- YTD
- 10.47%
- 6M
- 9.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZAPR
- 1D
- 0.03%
- 1M
- 0.52%
- YTD
- 3.25%
- 6M
- 3.73%
- 1Y
- 7.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB vs. ZAPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 10.47% | 5.77% |
ZAPR Innovator Equity Defined Protection ETF - 1 Yr April | 3.25% | 3.04% |
Correlation
The correlation between QB and ZAPR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.47 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QB vs. ZAPR — Risk / Return Rank
QB
ZAPR
QB vs. ZAPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) and Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Sharpe Ratios by Period
| QB | ZAPR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.17 | 2.96 | +0.21 |
Drawdowns
QB vs. ZAPR - Drawdown Comparison
The maximum QB drawdown since its inception was -1.83%, which is greater than ZAPR's maximum drawdown of -1.72%. Use the drawdown chart below to compare losses from any high point for QB and ZAPR.
Loading charts...
Drawdown Indicators
| QB | ZAPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.83% | -1.72% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.40% | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.03% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -0.09% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.08% | — |
Volatility
QB vs. ZAPR - Volatility Comparison
Loading charts...
Volatility by Period
| QB | ZAPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.37% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.75% | 1.46% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.75% | 2.51% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 2.51% | +3.24% |
QB vs. ZAPR - Expense Ratio Comparison
QB has a 0.58% expense ratio, which is lower than ZAPR's 0.79% expense ratio.
Dividends
QB vs. ZAPR - Dividend Comparison
QB's dividend yield for the trailing twelve months is around 0.62%, while ZAPR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.62% | 0.48% |
ZAPR Innovator Equity Defined Protection ETF - 1 Yr April | 0.00% | 0.00% |
Frequently Asked Questions
QB and ZAPR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
QB is cheaper with a 0.58% expense ratio, compared with 0.79% for ZAPR.
QB has the higher dividend yield at 0.62%, compared with 0.00% for ZAPR.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.58% for QB and 0.79% for ZAPR.
Find the right allocation for QB and ZAPR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer