QEW vs. QB

Last updated Jun 4, 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. A 0.75 correlation means they provide meaningful diversification when combined. 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: -0.11%
• 1M: 10.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.19%
• 1M: 2.95%
• YTD: 10.47%
• 6M: 9.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QEW vs. QB - Yearly Performance Comparison

	2026 (YTD)
QEW Invesco QQQ Equal Weight ETF	21.49%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	8.17%

Correlation

The correlation between QEW and QB is 0.75, 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 Mar 19, 2026	0.75

Return for Risk

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.

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

Sharpe Ratios by Period

	QEW	QB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	9.75	3.17	+6.58

Drawdowns

QEW vs. QB - Drawdown Comparison

The maximum QEW drawdown since its inception was -4.15%, which is greater than QB's maximum drawdown of -1.83%. 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	-4.15%	-1.83%	-2.32%
Current Drawdown Current decline from peak	-0.11%	-0.30%	+0.19%
Average Drawdown Average peak-to-trough decline	-0.57%	-0.34%	-0.23%

Volatility

Volatility by Period

	QEW	QB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	5.75%	+10.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	5.75%	+10.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	5.75%	+10.03%

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 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%
QEW Invesco QQQ Equal Weight ETF	0.00%	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 0.62%, compared with 0.00% 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.