QQQA vs. QB

Last updated Aug 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. Over the past year, QQQA returned 62.87% vs 21.91% for QB. Their 0.72 correlation means they have sometimes moved together and sometimes differently. 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 44.44% return, which is significantly higher than QB's 14.64% return.

QQQA

• 1D: 1.29%
• 1M: -5.50%
• 6M: 31.12%
• YTD: 44.44%
• 1Y: 62.87%
• 3Y*: 27.15%
• 5Y*: 10.11%
• 10Y*: —
• ALL TIME*: 11.89%

QB

• 1D: 0.70%
• 1M: 3.21%
• 6M: 13.78%
• YTD: 14.64%
• 1Y: 21.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.42%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	$54.65K	$36.90K	$152.33K
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	$2.42M	$3.28M	$3.82M

QQQA vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	44.44%	13.57%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	14.64%	6.10%

Correlation

The correlation between QQQA and QB is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.73
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.72

The correlation between QQQA and QB has been stable across timeframes, ranging from 0.72 to 0.73 - a consistent structural relationship.

QQQA vs. QB - Sectors Allocation Comparison

Sectors	QQQA	QB
Technology	74.4%	49.9%
Communication Services	11.0%	16.4%
Energy	5.9%	0.6%
Healthcare	5.6%	5.3%
Consumer Cyclical	3.1%	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 historical risk-adjusted metric ranks over the past 12 months.

QQQA

QQQA Risk / Return Rank: 76
QQQA Sharpe Ratio Rank: 80
QQQA Sortino Ratio Rank: 71
QQQA Omega Ratio Rank: 74
QQQA Calmar Ratio Rank: 78
QQQA Martin Ratio Rank: 76

QB

QB Risk / Return Rank: 96
QB Sharpe Ratio Rank: 96
QB Sortino Ratio Rank: 96
QB Omega Ratio Rank: 97
QB Calmar Ratio Rank: 96
QB Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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.

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.

	QQQA	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.88	3.03	-1.15
Sortino ratio: Return per unit of downside risk	2.34	4.51	-2.18
Omega ratio: Gain probability vs. loss probability	1.32	1.73	-0.41
Calmar ratio: Return relative to maximum drawdown	2.82	6.33	-3.51
Martin ratio: Return relative to average drawdown	9.70	30.39	-20.69

QQQA vs. QB - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 1.88, which is lower than the QB Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of QQQA and QB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -3.47%. 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%	-3.47%	-34.97%
Max Drawdown (1Y) Largest decline over 1 year	-22.41%	-3.47%	-18.94%
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	-17.45%	0.00%	-17.45%
Average Drawdown Average peak-to-trough decline	-15.52%	-0.42%	-15.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	0.72%	+5.78%

Volatility

QQQA vs. QB - Volatility Comparison

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 10.99% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 2.38%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than QB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.99%	2.38%	+8.61%
Volatility (6M) Calculated over the trailing 6-month period	29.73%	6.06%	+23.67%
Volatility (1Y) Calculated over the trailing 1-year period	33.66%	7.27%	+26.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.46%	7.02%	+20.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.08%	7.02%	+20.06%

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 0.03%, less than QB's 0.76% yield.

Position	TTM	2025	2024	2023	2022	2021
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.76%	0.48%	0.00%	0.00%	0.00%	0.00%
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	0.03%	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 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QQQA or QB?

QQQA has higher volatility (10.99%) compared to QB (2.38%). In terms of maximum drawdown, QQQA dropped -38.44% vs QB's -3.47%.

Which ETF is better, QQQA or QB?

On 1-year performance, QQQA leads with 62.87% vs 21.91% for QB. Both ETFs have the same 0.58% expense ratio. On volatility, QB has been the lower-risk option at 2.38%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQA or QB?

Over the 1-year period, QQQA has performed better with a 62.87% return vs 21.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 0.76%, compared with 0.03% 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.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (3.03 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.