QQQA vs. QB

Last updated Jun 4, 2026

QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QQQA is a Nasdaq-100 fund tracking the NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.58% expense ratio.

Performance

QQQA vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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, QQQA achieves a 65.37% return, which is significantly higher than QB's 10.47% return.

QQQA

• 1D: 2.20%
• 1M: 23.31%
• YTD: 65.37%
• 6M: 67.98%
• 1Y: 88.43%
• 3Y*: 34.58%
• 5Y*: 14.74%
• 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)

QQQA vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	65.37%	12.38%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QQQA and QB is 0.67, 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	0.67

QQQA vs. QB - Sectors Allocation Comparison

Sectors	QQQA	QB
Technology	65.2%	49.9%
Communication Services	13.7%	16.4%
Energy	9.1%	0.6%
Healthcare	7.8%	5.3%
Consumer Cyclical	4.2%	12.5%
Basic Materials	-	1.3%
Consumer Defensive	-	8.6%
Financial Services	-	0.2%
Industrials	-	3.7%
Real Estate	-	0.1%
Utilities	-	1.6%

Return for Risk

QQQA vs. QB — Risk / Return Rank

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

QQQA

QQQA Risk / Return Rank: 90
QQQA Sharpe Ratio Rank: 92
QQQA Sortino Ratio Rank: 87
QQQA Omega Ratio Rank: 87
QQQA Calmar Ratio Rank: 92
QQQA Martin Ratio Rank: 92

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.

QQQA vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) 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.

	QQQA	QB	Difference
Sharpe ratio: Return per unit of total volatility	3.41	—	—
Sortino ratio: Return per unit of downside risk	4.00	—	—
Omega ratio: Gain probability vs. loss probability	1.54	—	—
Calmar ratio: Return relative to maximum drawdown	6.11	—	—
Martin ratio: Return relative to average drawdown	22.85	—	—
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

	QQQA	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.41	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	3.17	-2.58

Drawdowns

QQQA vs. QB - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QQQA and QB.

Drawdown Indicators

	QQQA	QB	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-1.83%	-36.61%
Max Drawdown (1Y) Largest decline over 1 year	-14.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.44%	—	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-15.68%	-0.34%	-15.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	—	—

Volatility

Volatility by Period

	QQQA	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.05%	5.75%	+20.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	5.75%	+20.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.77%	5.75%	+20.02%

QQQA vs. QB - Expense Ratio Comparison

Both QQQA and QB have an expense ratio of 0.58%.

Dividends

QQQA vs. QB - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.06%, less than QB's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%	0.00%	0.00%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.06%	0.10%	0.09%	0.34%	0.28%	0.10%

Frequently Asked Questions

Can I hold both QQQA and QB in my portfolio?

QQQA and QB have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQA or QB?

Both ETFs have the same 0.58% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQA or QB?

QQQA and QB have the same expense ratio: 0.58% per year.

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

QB has the higher dividend yield at 0.62%, compared with 0.06% for QQQA.

What is the main difference between QQQA and QB?

QQQA is categorized as Nasdaq-100, while QB is Defined Outcome. QQQA tracks NASDAQ-100 Dorsey Wright Momentum Index - Benchmark TR Gross, while QB tracks Nasdaq-100.