QBER vs. BUFD

Last updated Aug 4, 2026

QBER (TrueShares Quarterly Bear Hedge ETF) and BUFD (FT Vest Laddered Deep Buffer ETF) are both exchange-traded funds - QBER is a Options Trading fund actively managed by TrueShares, while BUFD is a Defined Outcome fund actively managed by FT Vest. Both are actively managed. Over the past year, QBER returned -1.05% vs 12.58% for BUFD. Their -0.51 correlation means they have often moved in opposite directions in the past. QBER charges 0.79%/yr vs 0.95%/yr for BUFD.

Performance

QBER vs. BUFD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Quarterly Bear Hedge ETF (QBER) and FT Vest Laddered Deep Buffer ETF (BUFD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBER achieves a -0.83% return, which is significantly lower than BUFD's 6.44% return.

QBER

• 1D: -0.31%
• 1M: 0.08%
• 6M: -0.08%
• YTD: -0.83%
• 1Y: -1.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -0.26%

BUFD

• 1D: 0.59%
• 1M: 1.14%
• 6M: 5.58%
• YTD: 6.44%
• 1Y: 12.58%
• 3Y*: 11.59%
• 5Y*: 7.60%
• 10Y*: —
• ALL TIME*: 7.52%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BUFD FT Vest Laddered Deep Buffer ETF	$8.60M	$7.60M	$8.56M
QBER TrueShares Quarterly Bear Hedge ETF	$460.54K	$316.09K	$665.79K

QBER vs. BUFD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBER TrueShares Quarterly Bear Hedge ETF	-0.83%	0.25%	0.04%
BUFD FT Vest Laddered Deep Buffer ETF	6.44%	10.66%	4.93%

Correlation

The correlation between QBER and BUFD 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 Jul 1, 2024	-0.51

The correlation between QBER and BUFD has been stable across timeframes, ranging from -0.58 to -0.51 - a consistent structural relationship.

Return for Risk

QBER vs. BUFD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QBER

QBER Risk / Return Rank: 6
QBER Sharpe Ratio Rank: 7
QBER Sortino Ratio Rank: 6
QBER Omega Ratio Rank: 6
QBER Calmar Ratio Rank: 5
QBER Martin Ratio Rank: 5

BUFD

BUFD Risk / Return Rank: 92
BUFD Sharpe Ratio Rank: 91
BUFD Sortino Ratio Rank: 93
BUFD Omega Ratio Rank: 93
BUFD Calmar Ratio Rank: 88
BUFD Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QBER vs. BUFD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bear Hedge ETF (QBER) and FT Vest Laddered Deep Buffer ETF (BUFD). 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.

	QBER	BUFD	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	2.39	-2.67
Sortino ratio: Return per unit of downside risk	-0.36	3.63	-3.99
Omega ratio: Gain probability vs. loss probability	0.96	1.49	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.45	3.68	-4.13
Martin ratio: Return relative to average drawdown	-0.89	19.47	-20.35

QBER vs. BUFD - Sharpe Ratio Comparison

The current QBER Sharpe Ratio is -0.27, which is lower than the BUFD Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of QBER and BUFD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QBER vs. BUFD - Drawdown Comparison

The maximum QBER drawdown since its inception was -5.72%, smaller than the maximum BUFD drawdown of -10.75%. Use the drawdown chart below to compare losses from any high point for QBER and BUFD.

Drawdown Indicators

	QBER	BUFD	Difference
Max Drawdown Largest peak-to-trough decline	-5.72%	-10.75%	+5.03%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-3.43%	+1.08%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.75%	—
Current Drawdown Current decline from peak	-5.56%	0.00%	-5.56%
Average Drawdown Average peak-to-trough decline	-4.75%	-1.92%	-2.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.22%	0.65%	+0.57%

Volatility

QBER vs. BUFD - Volatility Comparison

The current volatility for TrueShares Quarterly Bear Hedge ETF (QBER) is 1.14%, while FT Vest Laddered Deep Buffer ETF (BUFD) has a volatility of 1.51%. This indicates that QBER experiences smaller price fluctuations and is considered to be less risky than BUFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBER	BUFD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	1.51%	-0.37%
Volatility (6M) Calculated over the trailing 6-month period	2.94%	4.26%	-1.32%
Volatility (1Y) Calculated over the trailing 1-year period	3.85%	5.29%	-1.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.24%	7.76%	-1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.24%	7.49%	-1.25%

QBER vs. BUFD - Expense Ratio Comparison

QBER has a 0.79% expense ratio, which is lower than BUFD's 0.95% expense ratio.

Dividends

QBER vs. BUFD - Dividend Comparison

QBER's dividend yield for the trailing twelve months is around 3.29%, while BUFD has not paid dividends to shareholders.

Position	TTM	2025	2024
BUFD FT Vest Laddered Deep Buffer ETF	0.00%	0.00%	0.00%
QBER TrueShares Quarterly Bear Hedge ETF	3.29%	3.26%	1.35%

Frequently Asked Questions

Can I hold both QBER and BUFD in my portfolio?

QBER and BUFD 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.

Which is riskier, QBER or BUFD?

BUFD has higher volatility (1.51%) compared to QBER (1.14%). In terms of maximum drawdown, QBER dropped -5.72% vs BUFD's -10.75%.

Which ETF is better, QBER or BUFD?

On 1-year performance, BUFD leads with 12.58% vs -1.05% for QBER. On fees, QBER is cheaper at 0.79% per year. On volatility, QBER has been the lower-risk option at 1.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBER or BUFD?

Over the 1-year period, BUFD has performed better with a 12.58% return vs -1.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBER or BUFD?

QBER is cheaper with a 0.79% expense ratio, compared with 0.95% for BUFD.

Which ETF pays a higher dividend yield, QBER or BUFD?

QBER has the higher dividend yield at 3.29%, compared with 0.00% for BUFD.

What is the main difference between QBER and BUFD?

QBER is categorized as Options Trading, while BUFD is Defined Outcome. They also come from different issuers: TrueShares and FT Vest. Their fees differ too: 0.79% for QBER and 0.95% for BUFD.

Which has better risk-adjusted returns?

BUFD currently has the higher Sharpe Ratio (2.39 vs -0.27), 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.