QBUF vs. GBIL

Last updated Jun 24, 2026

QBUF (Innovator Nasdaq-100 10 Buffer ETF - Quarterly) and GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) are both exchange-traded funds - QBUF is a Nasdaq-100 fund tracking the Invesco QQQ Trust, while GBIL is a Government Bonds fund tracking the FTSE US Treasury 0-1 Year Composite Select Index. Both are passively managed. Over the past year, QBUF returned 11.57% vs 3.81% for GBIL. At a correlation of -0.01, they often move in opposite directions. QBUF charges 0.79%/yr vs 0.12%/yr for GBIL.

Performance

QBUF vs. GBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QBUF achieves a 4.88% return, which is significantly higher than GBIL's 1.57% return.

QBUF

• 1D: 0.00%
• 1M: 0.41%
• YTD: 4.88%
• 6M: 4.08%
• 1Y: 11.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBIL

• 1D: 0.01%
• 1M: 0.25%
• YTD: 1.57%
• 6M: 1.66%
• 1Y: 3.81%
• 3Y*: 4.59%
• 5Y*: 3.35%
• 10Y*: —

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

QBUF vs. GBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	4.88%	11.08%	5.90%
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	1.57%	4.12%	2.70%

Correlation

The correlation between QBUF and GBIL is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024	-0.01

Return for Risk

QBUF vs. GBIL — Risk / Return Rank

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

QBUF

QBUF Risk / Return Rank: 83
QBUF Sharpe Ratio Rank: 76
QBUF Sortino Ratio Rank: 77
QBUF Omega Ratio Rank: 85
QBUF Calmar Ratio Rank: 89
QBUF Martin Ratio Rank: 87

GBIL

GBIL Risk / Return Rank: 100
GBIL Sharpe Ratio Rank: 100
GBIL Sortino Ratio Rank: 100
GBIL Omega Ratio Rank: 100
GBIL Calmar Ratio Rank: 100
GBIL Martin Ratio Rank: 100

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.

QBUF vs. GBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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.

	QBUF	GBIL	Difference
Sharpe ratio: Return per unit of total volatility	2.21	16.78	-14.57
Sortino ratio: Return per unit of downside risk	3.12	104.00	-100.89
Omega ratio: Gain probability vs. loss probability	1.47	42.59	-41.12
Calmar ratio: Return relative to maximum drawdown	5.03	191.21	-186.18
Martin ratio: Return relative to average drawdown	17.26	1,621.11	-1,603.86

QBUF vs. GBIL - Sharpe Ratio Comparison

The current QBUF Sharpe Ratio is 2.21, which is lower than the GBIL Sharpe Ratio of 16.78. The chart below compares the historical Sharpe Ratios of QBUF and GBIL, 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

QBUF vs. GBIL - Drawdown Comparison

The maximum QBUF drawdown since its inception was -8.84%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for QBUF and GBIL.

Drawdown Indicators

	QBUF	GBIL	Difference
Max Drawdown Largest peak-to-trough decline	-8.84%	-0.76%	-8.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-0.02%	-2.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.76%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.80%	-0.04%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	0.00%	+0.67%

Volatility

QBUF vs. GBIL - Volatility Comparison

Innovator Nasdaq-100 10 Buffer ETF - Quarterly (QBUF) has a higher volatility of 0.41% compared to Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) at 0.05%. This indicates that QBUF's price experiences larger fluctuations and is considered to be riskier than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QBUF	GBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.41%	0.05%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	3.68%	0.14%	+3.54%
Volatility (1Y) Calculated over the trailing 1-year period	5.25%	0.23%	+5.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.35%	0.58%	+7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.35%	0.47%	+7.88%

QBUF vs. GBIL - Expense Ratio Comparison

QBUF has a 0.79% expense ratio, which is higher than GBIL's 0.12% expense ratio.

Dividends

QBUF vs. GBIL - Dividend Comparison

QBUF has not paid dividends to shareholders, while GBIL's dividend yield for the trailing twelve months is around 3.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GBIL Goldman Sachs Access Treasury 0-1 Year ETF	3.74%	4.02%	4.93%	4.77%	1.37%	0.00%	0.81%	2.20%	1.70%	0.74%	0.11%
QBUF Innovator Nasdaq-100 10 Buffer ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBUF and GBIL in my portfolio?

QBUF and GBIL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBUF or GBIL?

QBUF has higher volatility (0.41%) compared to GBIL (0.05%). In terms of maximum drawdown, QBUF dropped -8.84% vs GBIL's -0.76%.

Which ETF is better, QBUF or GBIL?

On 1-year performance, QBUF leads with 11.57% vs 3.81% for GBIL. On fees, GBIL is cheaper at 0.12% per year. On volatility, GBIL has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBUF or GBIL?

Over the 1-year period, QBUF has performed better with a 11.57% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBUF or GBIL?

GBIL is cheaper with a 0.12% expense ratio, compared with 0.79% for QBUF.

Which ETF pays a higher dividend yield, QBUF or GBIL?

GBIL has the higher dividend yield at 3.74%, compared with 0.00% for QBUF.

What is the main difference between QBUF and GBIL?

QBUF is categorized as Nasdaq-100, while GBIL is Government Bonds. QBUF tracks Invesco QQQ Trust, while GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index. They also come from different issuers: Innovator and Goldman Sachs. Their fees differ too: 0.79% for QBUF and 0.12% for GBIL.

Which has better risk-adjusted returns?

GBIL currently has the higher Sharpe Ratio (16.78 vs 2.21), 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.