QEW vs. QB

Last updated Aug 6, 2026

QEW (Invesco QQQ Equal Weight ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QEW is a Nasdaq-100 fund tracking the Nasdaq-100 Equal Weighted Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. QEW charges 0.25%/yr vs 0.58%/yr for QB.

Performance

QEW vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco QQQ Equal Weight ETF (QEW) and ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QEW

• 1D: -0.67%
• 1M: 0.22%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QB

• 1D: -0.16%
• 1M: 3.10%
• 6M: 15.23%
• YTD: 15.42%
• 1Y: 22.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.05%

*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)
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	$54.45K	$33.29K	$150.60K
QEW Invesco QQQ Equal Weight ETF	$538.59K	$483.74K	$1.02M

QEW vs. QB - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	20.10%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.97%

Correlation

The correlation between QEW and QB is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.75

Return for Risk

QEW vs. QB — Risk / Return Rank

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

QEW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QB

QB Risk / Return Rank: 96
QB Sharpe Ratio Rank: 95
QB Sortino Ratio Rank: 96
QB Omega Ratio Rank: 97
QB Calmar Ratio Rank: 96
QB Martin Ratio Rank: 97

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.

QEW vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco QQQ Equal Weight ETF (QEW) 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.

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.

	QEW	QB	Difference
Sharpe ratio: Return per unit of total volatility	—	3.04	—
Sortino ratio: Return per unit of downside risk	—	4.53	—
Omega ratio: Gain probability vs. loss probability	—	1.73	—
Calmar ratio: Return relative to maximum drawdown	—	6.36	—
Martin ratio: Return relative to average drawdown	—	30.54	—

Drawdowns

QEW vs. QB - Drawdown Comparison

The maximum QEW drawdown since its inception was -5.88%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for QEW and QB.

Drawdown Indicators

	QEW	QB	Difference
Max Drawdown Largest peak-to-trough decline	-5.88%	-3.47%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.47%	—
Current Drawdown Current decline from peak	-1.11%	-0.16%	-0.95%
Average Drawdown Average peak-to-trough decline	-1.73%	-0.41%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.72%	—

Volatility

Volatility by Period

	QEW	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.11%	7.27%	+11.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.11%	7.04%	+12.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.11%	7.04%	+12.07%

QEW vs. QB - Expense Ratio Comparison

QEW has a 0.25% expense ratio, which is lower than QB's 0.58% expense ratio.

Dividends

QEW vs. QB - Dividend Comparison

QEW's dividend yield for the trailing twelve months is around 0.11%, less than QB's 0.75% yield.

Position	TTM	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.75%	0.48%
QEW Invesco QQQ Equal Weight ETF	0.11%	0.00%

Frequently Asked Questions

Can I hold both QEW and QB in my portfolio?

QEW and QB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QEW or QB?

On fees, QEW is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QEW or QB?

QEW is cheaper with a 0.25% expense ratio, compared with 0.58% for QB.

Which ETF pays a higher dividend yield, QEW or QB?

QB has the higher dividend yield at 0.75%, compared with 0.11% for QEW.

What is the main difference between QEW and QB?

QEW is categorized as Nasdaq-100, while QB is Defined Outcome. QEW tracks Nasdaq-100 Equal Weighted Index, while QB tracks Nasdaq-100. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.25% for QEW and 0.58% for QB.