QNDX vs. QB
QNDX (SPDR Portfolio Nasdaq 100 ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QNDX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. Their 0.79 correlation means they have sometimes moved together and sometimes differently. QNDX charges 0.10%/yr vs 0.58%/yr for QB.
Performance
QNDX vs. QB - Performance Comparison
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Returns By Period
QNDX
- 1D
- -0.86%
- 1M
- -0.69%
- 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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.45K | $33.29K | $150.60K | |
| $14.09M | $14.07M | $12.53M |
QNDX vs. QB - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.41% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 5.35% |
Correlation
The correlation between QNDX and QB is 0.79, 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 Jun 24, 2026 | 0.79 |
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Return for Risk
QNDX vs. QB — Risk / Return Rank
QNDX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QB
QNDX vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio Nasdaq 100 ETF (QNDX) 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.
| QNDX | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.73 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.36 | — |
| Martin ratioReturn relative to average drawdown | — | 30.54 | — |
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Drawdowns
QNDX vs. QB - Drawdown Comparison
The maximum QNDX drawdown since its inception was -10.10%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for QNDX and QB.
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Drawdown Indicators
| QNDX | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.10% | -3.47% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.47% | — |
Current DrawdownCurrent decline from peak | -2.57% | -0.16% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -0.41% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.72% | — |
Volatility
QNDX vs. QB - Volatility Comparison
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Volatility by Period
| QNDX | 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 | 24.98% | 7.27% | +17.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 7.04% | +17.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 7.04% | +17.94% |
QNDX vs. QB - Expense Ratio Comparison
QNDX has a 0.10% expense ratio, which is lower than QB's 0.58% expense ratio.
Dividends
QNDX vs. QB - Dividend Comparison
QNDX has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.75% | 0.48% |
QNDX SPDR Portfolio Nasdaq 100 ETF | 0.00% | 0.00% |
Frequently Asked Questions
QNDX and QB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QNDX is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QNDX is cheaper with a 0.10% expense ratio, compared with 0.58% for QB.
QB has the higher dividend yield at 0.75%, compared with 0.00% for QNDX.
QNDX is categorized as Nasdaq-100, while QB is Defined Outcome. QNDX tracks Nasdaq-100 Index, while QB tracks Nasdaq-100. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.10% for QNDX and 0.58% for QB.
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