QQQE vs. QB

Last updated Jun 4, 2026

QQQE (Direxion NASDAQ-100 Equal Weighted Index Shares) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QQQE is a Nasdaq-100 fund tracking the NASDAQ-100 Equal Weighted Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. QQQE charges 0.35%/yr vs 0.58%/yr for QB.

Performance

QQQE vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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, QQQE achieves a 19.12% return, which is significantly higher than QB's 10.47% return.

QQQE

• 1D: -0.10%
• 1M: 10.46%
• YTD: 19.12%
• 6M: 17.48%
• 1Y: 28.68%
• 3Y*: 18.69%
• 5Y*: 10.30%
• 10Y*: 15.49%

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)

QQQE vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	19.12%	5.46%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QQQE and QB is 0.71, 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	0.71

QQQE vs. QB - Sectors Allocation Comparison

Sectors	QQQE	QB
Technology	45.1%	49.9%
Consumer Cyclical	10.9%	12.5%
Industrials	10.1%	3.7%
Communication Services	9.1%	16.4%
Healthcare	8.6%	5.3%
Consumer Defensive	7.7%	8.6%
Utilities	3.9%	1.6%
Energy	2.0%	0.6%
Financial Services	1.0%	0.2%
Basic Materials	0.9%	1.3%
Real Estate	0.7%	0.1%

Return for Risk

QQQE vs. QB — Risk / Return Rank

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

QQQE

QQQE Risk / Return Rank: 58
QQQE Sharpe Ratio Rank: 59
QQQE Sortino Ratio Rank: 57
QQQE Omega Ratio Rank: 55
QQQE Calmar Ratio Rank: 61
QQQE Martin Ratio Rank: 59

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.

QQQE vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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.

	QQQE	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.79	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.06	—	—
Martin ratio: Return relative to average drawdown	10.57	—	—
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

	QQQE	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.04	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	3.17	-2.40

Drawdowns

QQQE vs. QB - Drawdown Comparison

The maximum QQQE drawdown since its inception was -32.14%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QQQE and QB.

Drawdown Indicators

	QQQE	QB	Difference
Max Drawdown Largest peak-to-trough decline	-32.14%	-1.83%	-30.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.14%	—	—
Current Drawdown Current decline from peak	-0.10%	-0.30%	+0.20%
Average Drawdown Average peak-to-trough decline	-5.17%	-0.34%	-4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	—	—

Volatility

Volatility by Period

	QQQE	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.15%	5.75%	+8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.30%	5.75%	+14.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	5.75%	+14.97%

QQQE vs. QB - Expense Ratio Comparison

QQQE has a 0.35% expense ratio, which is lower than QB's 0.58% expense ratio.

Dividends

QQQE vs. QB - Dividend Comparison

QQQE's dividend yield for the trailing twelve months is around 0.52%, less than QB's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQE Direxion NASDAQ-100 Equal Weighted Index Shares	0.52%	0.52%	0.86%	0.79%	0.98%	3.83%	0.54%	0.74%	0.80%	0.65%	1.17%	0.57%

Frequently Asked Questions

Can I hold both QQQE and QB in my portfolio?

QQQE and QB have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQE or QB?

On fees, QQQE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQE or QB?

QQQE is cheaper with a 0.35% expense ratio, compared with 0.58% for QB.

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

QB has the higher dividend yield at 0.62%, compared with 0.52% for QQQE.

What is the main difference between QQQE and QB?

QQQE is categorized as Nasdaq-100, while QB is Defined Outcome. QQQE tracks NASDAQ-100 Equal Weighted Index, while QB tracks Nasdaq-100. They also come from different issuers: Direxion and ProShares. Their fees differ too: 0.35% for QQQE and 0.58% for QB.