QFLR vs. QB

Last updated Jun 4, 2026

QFLR (Innovator Nasdaq-100 Managed Floor ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QFLR is a Nasdaq-100 fund actively managed by Innovator, while QB is a Defined Outcome fund tracking the Nasdaq-100. QFLR is actively managed, while QB is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. QFLR charges 0.89%/yr vs 0.58%/yr for QB.

Performance

QFLR vs. QB - Performance Comparison

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

Returns By Period

In the year-to-date period, QFLR achieves a 6.90% return, which is significantly lower than QB's 10.47% return.

QFLR

• 1D: 0.01%
• 1M: 3.99%
• YTD: 6.90%
• 6M: 5.88%
• 1Y: 26.98%
• 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)

QFLR vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.90%	15.27%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QFLR and QB is 0.72, 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	0.72

QFLR vs. QB - Sectors Allocation Comparison

Sectors	QFLR	QB
Technology	50.8%	49.9%
Communication Services	18.4%	16.4%
Consumer Cyclical	12.1%	12.5%
Consumer Defensive	9.2%	8.6%
Healthcare	3.2%	5.3%
Industrials	2.8%	3.7%
Utilities	1.5%	1.6%
Energy	1.1%	0.6%
Financial Services	0.9%	0.2%
Basic Materials	0.0%	1.3%
Real Estate	-	0.1%

Return for Risk

QFLR vs. QB — Risk / Return Rank

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

QFLR

QFLR Risk / Return Rank: 74
QFLR Sharpe Ratio Rank: 73
QFLR Sortino Ratio Rank: 71
QFLR Omega Ratio Rank: 74
QFLR Calmar Ratio Rank: 71
QFLR Martin Ratio Rank: 78

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.

QFLR vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Nasdaq-100 Managed Floor ETF (QFLR) 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.

	QFLR	QB	Difference
Sharpe ratio Return per unit of total volatility	2.41	—	—
Sortino ratio Return per unit of downside risk	3.26	—	—
Omega ratio Gain probability vs. loss probability	1.44	—	—
Calmar ratio Return relative to maximum drawdown	3.56	—	—
Martin ratio Return relative to average drawdown	15.19	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QFLR	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.40	3.17	-1.77

Drawdowns

QFLR vs. QB - Drawdown Comparison

The maximum QFLR drawdown since its inception was -13.97%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QFLR and QB.

Drawdown Indicators

	QFLR	QB	Difference
Max Drawdown Largest peak-to-trough decline	-13.97%	-1.83%	-12.14%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.30%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.50%	-0.34%	-2.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	—	—

Volatility

Volatility by Period

	QFLR	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	5.75%	+5.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.62%	5.75%	+6.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.62%	5.75%	+6.87%

QFLR vs. QB - Expense Ratio Comparison

QFLR has a 0.89% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

QFLR vs. QB - Dividend Comparison

QFLR has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025	2024
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%

Frequently Asked Questions

Can I hold both QFLR and QB in my portfolio?

QFLR and QB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QFLR or QB?

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.

Which ETF is cheaper, QFLR or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.89% for QFLR.

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

QB has the higher dividend yield at 0.62%, compared with 0.00% for QFLR.

What is the main difference between QFLR and QB?

QFLR is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.89% for QFLR and 0.58% for QB.