QBER vs. BUFG

Last updated Jun 24, 2026

QBER (TrueShares Quarterly Bear Hedge ETF) and BUFG (FT Cboe Vest Buffered Allocation Growth ETF) are both Options Trading funds. Both are actively managed. Over the past year, QBER returned -0.12% vs 15.81% for BUFG. At a correlation of -0.52, they often move in opposite directions. QBER charges 0.79%/yr vs 1.05%/yr for BUFG.

Performance

QBER vs. BUFG - Performance Comparison

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

Returns By Period

In the year-to-date period, QBER achieves a -0.35% return, which is significantly lower than BUFG's 5.63% return.

QBER

• 1D: 0.15%
• 1M: 0.40%
• YTD: -0.35%
• 6M: 0.28%
• 1Y: -0.12%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BUFG

• 1D: -0.52%
• 1M: -0.07%
• YTD: 5.63%
• 6M: 5.13%
• 1Y: 15.81%
• 3Y*: 13.66%
• 5Y*: —
• 10Y*: —

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

QBER vs. BUFG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBER TrueShares Quarterly Bear Hedge ETF	-0.35%	0.25%	0.04%
BUFG FT Cboe Vest Buffered Allocation Growth ETF	5.63%	12.33%	5.60%

Correlation

The correlation between QBER and BUFG is -0.54, 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 (1Y) Calculated over the trailing 1-year period	-0.54
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	-0.52

The correlation between QBER and BUFG has been stable across timeframes, ranging from -0.54 to -0.52 - a consistent structural relationship.

Return for Risk

QBER vs. BUFG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QBER

QBER Risk / Return Rank: 8
QBER Sharpe Ratio Rank: 9
QBER Sortino Ratio Rank: 8
QBER Omega Ratio Rank: 8
QBER Calmar Ratio Rank: 9
QBER Martin Ratio Rank: 8

BUFG

BUFG Risk / Return Rank: 71
BUFG Sharpe Ratio Rank: 70
BUFG Sortino Ratio Rank: 72
BUFG Omega Ratio Rank: 74
BUFG Calmar Ratio Rank: 61
BUFG Martin Ratio Rank: 80

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.

QBER vs. BUFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Quarterly Bear Hedge ETF (QBER) and FT Cboe Vest Buffered Allocation Growth ETF (BUFG). 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	BUFG	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	2.08	-2.11
Sortino ratio: Return per unit of downside risk	-0.02	2.98	-3.00
Omega ratio: Gain probability vs. loss probability	1.00	1.40	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.05	2.77	-2.82
Martin ratio: Return relative to average drawdown	-0.12	14.37	-14.49

QBER vs. BUFG - Sharpe Ratio Comparison

The current QBER Sharpe Ratio is -0.03, which is lower than the BUFG Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of QBER and BUFG, 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. BUFG - Drawdown Comparison

The maximum QBER drawdown since its inception was -5.72%, smaller than the maximum BUFG drawdown of -17.62%. Use the drawdown chart below to compare losses from any high point for QBER and BUFG.

Drawdown Indicators

	QBER	BUFG	Difference
Max Drawdown Largest peak-to-trough decline	-5.72%	-17.62%	+11.90%
Max Drawdown (1Y) Largest decline over 1 year	-2.35%	-5.74%	+3.39%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.20%	—
Current Drawdown Current decline from peak	-5.11%	-1.02%	-4.09%
Average Drawdown Average peak-to-trough decline	-4.73%	-3.58%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.06%	1.10%	-0.04%

Volatility

QBER vs. BUFG - Volatility Comparison

The current volatility for TrueShares Quarterly Bear Hedge ETF (QBER) is 1.03%, while FT Cboe Vest Buffered Allocation Growth ETF (BUFG) has a volatility of 2.34%. This indicates that QBER experiences smaller price fluctuations and is considered to be less risky than BUFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBER	BUFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	2.34%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	2.87%	6.13%	-3.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.68%	7.69%	-4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.33%	11.81%	-5.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.33%	11.81%	-5.48%

QBER vs. BUFG - Expense Ratio Comparison

QBER has a 0.79% expense ratio, which is lower than BUFG's 1.05% expense ratio.

Dividends

QBER vs. BUFG - Dividend Comparison

QBER's dividend yield for the trailing twelve months is around 3.27%, while BUFG has not paid dividends to shareholders.

Position	TTM	2025	2024
BUFG FT Cboe Vest Buffered Allocation Growth ETF	0.00%	0.00%	0.00%
QBER TrueShares Quarterly Bear Hedge ETF	3.27%	3.26%	1.35%

Frequently Asked Questions

Can I hold both QBER and BUFG in my portfolio?

QBER and BUFG have a correlation of -0.54, 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 BUFG?

BUFG has higher volatility (2.34%) compared to QBER (1.03%). In terms of maximum drawdown, QBER dropped -5.72% vs BUFG's -17.62%.

Which ETF is better, QBER or BUFG?

On 1-year performance, BUFG leads with 15.81% vs -0.12% for QBER. On fees, QBER is cheaper at 0.79% per year. On volatility, QBER has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBER or BUFG?

Over the 1-year period, BUFG has performed better with a 15.81% return vs -0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBER or BUFG?

QBER is cheaper with a 0.79% expense ratio, compared with 1.05% for BUFG.

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

QBER has the higher dividend yield at 3.27%, compared with 0.00% for BUFG.

What is the main difference between QBER and BUFG?

They also come from different issuers: TrueShares and FT Vest. Their fees differ too: 0.79% for QBER and 1.05% for BUFG.

Which has better risk-adjusted returns?

BUFG currently has the higher Sharpe Ratio (2.08 vs -0.03), 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.