QCAP vs. QB
QCAP (FT Vest NASDAQ-100 Conservative Buffer ETF - April) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QCAP is a Nasdaq-100 fund actively managed by FT Vest, while QB is a Defined Outcome fund tracking the Nasdaq-100. QCAP is actively managed, while QB is passively managed. A 0.70 correlation means they provide meaningful diversification when combined. QCAP charges 0.90%/yr vs 0.58%/yr for QB.
Performance
QCAP vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, QCAP achieves a 5.23% return, which is significantly lower than QB's 10.47% return.
QCAP
- 1D
- -0.08%
- 1M
- 2.34%
- YTD
- 5.23%
- 6M
- 5.92%
- 1Y
- 11.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -0.19%
- 1M
- 2.95%
- YTD
- 10.47%
- 6M
- 9.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCAP vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCAP FT Vest NASDAQ-100 Conservative Buffer ETF - April | 5.23% | 4.44% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 10.47% | 5.77% |
Correlation
The correlation between QCAP and QB is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.70 |
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Return for Risk
QCAP vs. QB — Risk / Return Rank
QCAP
QB
QCAP vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest NASDAQ-100 Conservative Buffer ETF - April (QCAP) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). 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.
| QCAP | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 13.50 | — | — |
| Martin ratioReturn relative to average drawdown | 67.84 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QCAP | QB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.17 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 3.17 | -1.91 |
Drawdowns
QCAP vs. QB - Drawdown Comparison
The maximum QCAP drawdown since its inception was -9.17%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QCAP and QB.
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Drawdown Indicators
| QCAP | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.17% | -1.83% | -7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.82% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.30% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -0.34% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | — | — |
Volatility
QCAP vs. QB - Volatility Comparison
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Volatility by Period
| QCAP | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.69% | 5.75% | -3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.73% | 5.75% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.73% | 5.75% | +2.98% |
QCAP vs. QB - Expense Ratio Comparison
QCAP has a 0.90% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
QCAP vs. QB - Dividend Comparison
QCAP has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.62%.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.62% | 0.48% |
QCAP FT Vest NASDAQ-100 Conservative Buffer ETF - April | 0.00% | 0.00% |
Frequently Asked Questions
QCAP and QB have a correlation of 0.70, 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 0.90% for QCAP.
QB has the higher dividend yield at 0.62%, compared with 0.00% for QCAP.
QCAP is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: FT Vest and ProShares. Their fees differ too: 0.90% for QCAP and 0.58% for QB.
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