QQQY vs. QB
QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QQQY is a Nasdaq-100 fund actively managed by Defiance, while QB is a Defined Outcome fund tracking the Nasdaq-100. QQQY is actively managed, while QB is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. QQQY charges 0.99%/yr vs 0.58%/yr for QB.
Performance
QQQY vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, QQQY achieves a 19.07% return, which is significantly higher than QB's 10.47% return.
QQQY
- 1D
- -0.36%
- 1M
- 9.64%
- YTD
- 19.07%
- 6M
- 19.11%
- 1Y
- 36.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -0.19%
- 1M
- 2.95%
- YTD
- 10.47%
- 6M
- 9.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QQQY vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 19.07% | 10.99% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 10.47% | 5.77% |
Correlation
The correlation between QQQY and QB is 0.76, 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 | 0.76 |
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Return for Risk
QQQY vs. QB — Risk / Return Rank
QQQY
QB
QQQY vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) 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.
| QQQY | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | — | — |
| Martin ratioReturn relative to average drawdown | 13.95 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QQQY | QB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 3.17 | -1.92 |
Drawdowns
QQQY vs. QB - Drawdown Comparison
The maximum QQQY drawdown since its inception was -19.05%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QQQY and QB.
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Drawdown Indicators
| QQQY | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.05% | -1.83% | -17.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.14% | — | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.30% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -0.34% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | — | — |
Volatility
QQQY vs. QB - Volatility Comparison
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Volatility by Period
| QQQY | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.67% | 5.75% | +7.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.75% | 5.75% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 5.75% | +9.00% |
QQQY vs. QB - Expense Ratio Comparison
QQQY has a 0.99% expense ratio, which is higher than QB's 0.58% expense ratio.
Dividends
QQQY vs. QB - Dividend Comparison
QQQY's dividend yield for the trailing twelve months is around 34.34%, more than QB's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.62% | 0.48% | 0.00% | 0.00% |
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF | 34.34% | 45.34% | 83.34% | 20.64% |
Frequently Asked Questions
QQQY and QB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QB is cheaper with a 0.58% expense ratio, compared with 0.99% for QQQY.
QQQY has the higher dividend yield at 34.34%, compared with 0.62% for QB.
QQQY is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: Defiance and ProShares. Their fees differ too: 0.99% for QQQY and 0.58% for QB.
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