QQQM vs. QB

Last updated Jun 4, 2026

QQQM (Invesco NASDAQ 100 ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. QQQM charges 0.15%/yr vs 0.58%/yr for QB.

Performance

QQQM vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ 100 ETF (QQQM) 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, QQQM achieves a 21.39% return, which is significantly higher than QB's 10.47% return.

QQQM

• 1D: -0.20%
• 1M: 10.67%
• YTD: 21.39%
• 6M: 19.75%
• 1Y: 41.98%
• 3Y*: 28.89%
• 5Y*: 18.07%
• 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)

QQQM vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QQQM Invesco NASDAQ 100 ETF	21.39%	12.79%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QQQM and QB is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025	0.82

QQQM vs. QB - Sectors Allocation Comparison

Sectors	QQQM	QB
Technology	53.8%	49.9%
Communication Services	15.8%	16.4%
Consumer Cyclical	12.3%	12.5%
Consumer Defensive	7.7%	8.6%
Healthcare	4.2%	5.3%
Industrials	2.8%	3.7%
Utilities	1.4%	1.6%
Basic Materials	1.1%	1.3%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QQQM vs. QB — Risk / Return Rank

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

QQQM

QQQM Risk / Return Rank: 74
QQQM Sharpe Ratio Rank: 80
QQQM Sortino Ratio Rank: 75
QQQM Omega Ratio Rank: 75
QQQM Calmar Ratio Rank: 69
QQQM Martin Ratio Rank: 71

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.

QQQM vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) 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.

	QQQM	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.65	—	—
Sortino ratio: Return per unit of downside risk	3.46	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.53	—	—
Martin ratio: Return relative to average drawdown	13.52	—	—
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

	QQQM	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	3.17	-2.32

Drawdowns

QQQM vs. QB - Drawdown Comparison

The maximum QQQM drawdown since its inception was -35.04%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QQQM and QB.

Drawdown Indicators

	QQQM	QB	Difference
Max Drawdown Largest peak-to-trough decline	-35.04%	-1.83%	-33.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-22.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.04%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.30%	+0.10%
Average Drawdown Average peak-to-trough decline	-8.25%	-0.34%	-7.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	—	—

Volatility

Volatility by Period

	QQQM	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.91%	5.75%	+10.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.24%	5.75%	+16.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	5.75%	+16.37%

QQQM vs. QB - Expense Ratio Comparison

QQQM has a 0.15% expense ratio, which is lower than QB's 0.58% expense ratio.

Dividends

QQQM vs. QB - Dividend Comparison

QQQM's dividend yield for the trailing twelve months is around 0.41%, less than QB's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.41%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

Frequently Asked Questions

Can I hold both QQQM and QB in my portfolio?

QQQM and QB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QQQM or QB?

On fees, QQQM is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQM or QB?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.58% for QB.

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

QB has the higher dividend yield at 0.62%, compared with 0.41% for QQQM.

What is the main difference between QQQM and QB?

QQQM is categorized as Nasdaq-100, while QB is Defined Outcome. QQQM tracks NASDAQ-100 Index, while QB tracks Nasdaq-100. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.15% for QQQM and 0.58% for QB.