QQQI vs. QB

Last updated Jul 15, 2026

QQQI (NEOS Nasdaq-100 High Income ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QQQI is a Nasdaq-100 fund actively managed by Neos, while QB is a Defined Outcome fund tracking the Nasdaq-100. QQQI is actively managed, while QB is passively managed. Over the past year, QQQI returned 22.96% vs 18.83% for QB. Their correlation of 0.81 suggests significant overlap in exposure. QQQI charges 0.68%/yr vs 0.58%/yr for QB.

Performance

QQQI vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NEOS Nasdaq-100 High Income ETF (QQQI) 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, QQQI achieves a 11.53% return, which is significantly lower than QB's 12.67% return.

QQQI

• 1D: 1.03%
• 1M: 0.87%
• 6M: 9.92%
• YTD: 11.53%
• 1Y: 22.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: 0.47%
• 1M: 3.50%
• 6M: 11.39%
• YTD: 12.67%
• 1Y: 18.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QQQI vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QQQI NEOS Nasdaq-100 High Income ETF	11.53%	12.39%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.67%	6.10%

Correlation

The correlation between QQQI and QB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.81

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

QQQI vs. QB - Sectors Allocation Comparison

Sectors	QQQI	QB
Technology	58.1%	49.9%
Communication Services	14.2%	16.4%
Consumer Cyclical	11.3%	12.5%
Consumer Defensive	6.5%	8.6%
Healthcare	3.9%	5.3%
Industrials	3.0%	3.7%
Utilities	1.3%	1.6%
Basic Materials	1.0%	1.3%
Energy	0.5%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QQQI vs. QB — Risk / Return Rank

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

QQQI

QQQI Risk / Return Rank: 58
QQQI Sharpe Ratio Rank: 55
QQQI Sortino Ratio Rank: 51
QQQI Omega Ratio Rank: 56
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 69

QB

QB Risk / Return Rank: 95
QB Sharpe Ratio Rank: 93
QB Sortino Ratio Rank: 94
QB Omega Ratio Rank: 96
QB Calmar Ratio Rank: 94
QB Martin Ratio Rank: 96

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.

QQQI vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NEOS Nasdaq-100 High Income ETF (QQQI) 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.

	QQQI	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.69	-1.20
Sortino ratio: Return per unit of downside risk	2.03	3.91	-1.89
Omega ratio: Gain probability vs. loss probability	1.28	1.64	-0.36
Calmar ratio: Return relative to maximum drawdown	2.40	5.44	-3.04
Martin ratio: Return relative to average drawdown	9.90	26.25	-16.35

QQQI vs. QB - Sharpe Ratio Comparison

The current QQQI Sharpe Ratio is 1.49, which is lower than the QB Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of QQQI 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

QQQI vs. QB - Drawdown Comparison

The maximum QQQI drawdown since its inception was -20.00%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for QQQI and QB.

Drawdown Indicators

	QQQI	QB	Difference
Max Drawdown Largest peak-to-trough decline	-20.00%	-3.47%	-16.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-3.47%	-6.14%
Current Drawdown Current decline from peak	-1.84%	0.00%	-1.84%
Average Drawdown Average peak-to-trough decline	-2.21%	-0.42%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	0.72%	+1.60%

Volatility

QQQI vs. QB - Volatility Comparison

NEOS Nasdaq-100 High Income ETF (QQQI) has a higher volatility of 6.94% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 2.86%. This indicates that QQQI'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

	QQQI	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	2.86%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	5.82%	+6.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.44%	7.03%	+8.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	6.93%	+10.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.60%	6.93%	+10.67%

QQQI vs. QB - Expense Ratio Comparison

QQQI has a 0.68% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

QQQI vs. QB - Dividend Comparison

QQQI's dividend yield for the trailing twelve months is around 13.62%, more than QB's 0.77% yield.

Position	TTM	2025	2024
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.77%	0.48%	0.00%
QQQI NEOS Nasdaq-100 High Income ETF	13.62%	13.82%	12.85%

Frequently Asked Questions

Can I hold both QQQI and QB in my portfolio?

QQQI and QB 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, QQQI or QB?

QQQI has higher volatility (6.94%) compared to QB (2.86%). In terms of maximum drawdown, QQQI dropped -20.00% vs QB's -3.47%.

Which ETF is better, QQQI or QB?

On 1-year performance, QQQI leads with 22.96% vs 18.83% for QB. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.86%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QQQI or QB?

Over the 1-year period, QQQI has performed better with a 22.96% return vs 18.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QQQI or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.68% for QQQI.

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

QQQI has the higher dividend yield at 13.62%, compared with 0.77% for QB.

What is the main difference between QQQI and QB?

QQQI is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: Neos and ProShares. Their fees differ too: 0.68% for QQQI and 0.58% for QB.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.69 vs 1.49), 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.