QCJL vs. QB
QCJL (FT Vest Nasdaq-100 Conservative Buffer ETF - July) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QCJL is a Nasdaq-100 fund actively managed by First Trust, while QB is a Defined Outcome fund tracking the Nasdaq-100. QCJL is actively managed, while QB is passively managed. A 0.66 correlation means they provide meaningful diversification when combined. QCJL charges 0.90%/yr vs 0.58%/yr for QB.
Performance
QCJL vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, QCJL achieves a 5.19% return, which is significantly lower than QB's 10.26% return.
QCJL
- 1D
- 0.04%
- 1M
- 1.18%
- YTD
- 5.19%
- 6M
- 5.63%
- 1Y
- 14.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -0.19%
- 1M
- 2.03%
- YTD
- 10.26%
- 6M
- 9.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCJL vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July | 5.19% | 6.46% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 10.26% | 5.77% |
Correlation
The correlation between QCJL and QB is 0.66, 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 | 0.66 |
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Return for Risk
QCJL vs. QB — Risk / Return Rank
QCJL
QB
QCJL vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - July (QCJL) 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.
| QCJL | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.50 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | — | — |
| Martin ratioReturn relative to average drawdown | 18.55 | — | — |
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
| QCJL | QB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 3.12 | -1.83 |
Drawdowns
QCJL vs. QB - Drawdown Comparison
The maximum QCJL drawdown since its inception was -11.18%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QCJL and QB.
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Drawdown Indicators
| QCJL | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.18% | -1.83% | -9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.49% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -0.35% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | — | — |
Volatility
QCJL vs. QB - Volatility Comparison
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Volatility by Period
| QCJL | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 5.74% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.47% | 5.74% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.47% | 5.74% | +3.73% |
QCJL vs. QB - Expense Ratio Comparison
QCJL has a 0.90% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
QCJL vs. QB - Dividend Comparison
QCJL 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% |
QCJL FT Vest Nasdaq-100 Conservative Buffer ETF - July | 0.00% | 0.00% |
Frequently Asked Questions
QCJL and QB have a correlation of 0.66, 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 QCJL.
QB has the higher dividend yield at 0.62%, compared with 0.00% for QCJL.
QCJL is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.90% for QCJL and 0.58% for QB.
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