QQQA vs. QMMY

Last updated Aug 4, 2026

QQQA (ProShares Nasdaq-100 Dorsey Wright Momentum ETF) and QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) are both Nasdaq-100 funds. QQQA is passively managed, while QMMY is actively managed. Over the past year, QQQA returned 62.87% vs 10.25% for QMMY. Their correlation of 0.82 means they have usually moved in the same direction. QQQA charges 0.58%/yr vs 0.90%/yr for QMMY.

Performance

QQQA vs. QMMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY). 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 QMMY's 4.09% 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%

QMMY

• 1D: 0.86%
• 1M: -0.26%
• 6M: 3.15%
• YTD: 4.09%
• 1Y: 10.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.89%

*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)
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	$709.36K	$750.11K	$2.03M
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	$2.42M	$3.28M	$3.82M

QQQA vs. QMMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QQQA ProShares Nasdaq-100 Dorsey Wright Momentum ETF	44.44%	9.87%	5.05%
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	4.09%	15.80%	8.37%

Correlation

The correlation between QQQA and QMMY is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (All Time) Calculated using the full available price history since May 20, 2024	0.82

The correlation between QQQA and QMMY has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

Return for Risk

QQQA vs. QMMY — 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

QMMY

QMMY Risk / Return Rank: 53
QMMY Sharpe Ratio Rank: 46
QMMY Sortino Ratio Rank: 46
QMMY Omega Ratio Rank: 50
QMMY Calmar Ratio Rank: 53
QMMY Martin Ratio Rank: 70

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. QMMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) and FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY). 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	QMMY	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.28	+0.61
Sortino ratio: Return per unit of downside risk	2.34	1.87	+0.47
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.06
Calmar ratio: Return relative to maximum drawdown	2.82	2.12	+0.70
Martin ratio: Return relative to average drawdown	9.70	9.56	+0.14

QQQA vs. QMMY - Sharpe Ratio Comparison

The current QQQA Sharpe Ratio is 1.88, which is higher than the QMMY Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of QQQA and QMMY, 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. QMMY - Drawdown Comparison

The maximum QQQA drawdown since its inception was -38.44%, which is greater than QMMY's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for QQQA and QMMY.

Drawdown Indicators

	QQQA	QMMY	Difference
Max Drawdown Largest peak-to-trough decline	-38.44%	-12.82%	-25.62%
Max Drawdown (1Y) Largest decline over 1 year	-22.41%	-4.86%	-17.55%
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%	-1.99%	-15.46%
Average Drawdown Average peak-to-trough decline	-15.52%	-1.18%	-14.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	1.07%	+5.43%

Volatility

QQQA vs. QMMY - Volatility Comparison

ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA) has a higher volatility of 10.99% compared to FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) at 3.43%. This indicates that QQQA's price experiences larger fluctuations and is considered to be riskier than QMMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QQQA	QMMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.99%	3.43%	+7.56%
Volatility (6M) Calculated over the trailing 6-month period	29.73%	7.11%	+22.62%
Volatility (1Y) Calculated over the trailing 1-year period	33.66%	8.09%	+25.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.46%	11.10%	+16.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.08%	11.10%	+15.98%

QQQA vs. QMMY - Expense Ratio Comparison

QQQA has a 0.58% expense ratio, which is lower than QMMY's 0.90% expense ratio.

Dividends

QQQA vs. QMMY - Dividend Comparison

QQQA's dividend yield for the trailing twelve months is around 0.03%, while QMMY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May	0.00%	0.00%	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 QMMY in my portfolio?

QQQA and QMMY have a correlation of 0.81, 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 QMMY?

QQQA has higher volatility (10.99%) compared to QMMY (3.43%). In terms of maximum drawdown, QQQA dropped -38.44% vs QMMY's -12.82%.

Which ETF is better, QQQA or QMMY?

On 1-year performance, QQQA leads with 62.87% vs 10.25% for QMMY. On fees, QQQA is cheaper at 0.58% per year. On volatility, QMMY has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQA or QMMY?

Over the 1-year period, QQQA has performed better with a 62.87% return vs 10.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQA or QMMY?

QQQA is cheaper with a 0.58% expense ratio, compared with 0.90% for QMMY.

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

QQQA has the higher dividend yield at 0.03%, compared with 0.00% for QMMY.

What is the main difference between QQQA and QMMY?

They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.58% for QQQA and 0.90% for QMMY.

Which has better risk-adjusted returns?

QQQA currently has the higher Sharpe Ratio (1.88 vs 1.28), 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.