QMAG vs. QB
QMAG (FT Vest Nasdaq-100 Moderate Buffer ETF - August) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. QMAG is actively managed, while QB is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. QMAG charges 0.90%/yr vs 0.58%/yr for QB.
Performance
QMAG vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, QMAG achieves a 6.31% return, which is significantly lower than QB's 9.56% return.
QMAG
- 1D
- -0.50%
- 1M
- 0.06%
- YTD
- 6.31%
- 6M
- 5.94%
- 1Y
- 15.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -1.22%
- 1M
- -0.18%
- YTD
- 9.56%
- 6M
- 9.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QMAG vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QMAG FT Vest Nasdaq-100 Moderate Buffer ETF - August | 6.31% | 7.34% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 9.56% | 6.10% |
Correlation
The correlation between QMAG and QB is 0.74, 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 26, 2025 | 0.74 |
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Return for Risk
QMAG vs. QB — Risk / Return Rank
QMAG
QB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QMAG vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - August (QMAG) 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.
| QMAG | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | — | — |
| Martin ratioReturn relative to average drawdown | 13.62 | — | — |
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Drawdowns
QMAG vs. QB - Drawdown Comparison
The maximum QMAG drawdown since its inception was -12.44%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for QMAG and QB.
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Drawdown Indicators
| QMAG | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.44% | -3.47% | -8.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.23% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -1.51% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -1.14% | -0.41% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | — | — |
Volatility
QMAG vs. QB - Volatility Comparison
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Volatility by Period
| QMAG | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.63% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 6.85% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.79% | 6.85% | +3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.79% | 6.85% | +3.94% |
QMAG vs. QB - Expense Ratio Comparison
QMAG has a 0.90% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
QMAG vs. QB - Dividend Comparison
QMAG has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.63%.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.63% | 0.48% |
QMAG FT Vest Nasdaq-100 Moderate Buffer ETF - August | 0.00% | 0.00% |
Frequently Asked Questions
QMAG and QB have a correlation of 0.74, 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 QMAG.
QB has the higher dividend yield at 0.63%, compared with 0.00% for QMAG.
They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.90% for QMAG and 0.58% for QB.
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