QRMI vs. QB

Last updated Jul 17, 2026

QRMI (Global X NASDAQ 100 Risk Managed Income ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QRMI is a Nasdaq-100 fund actively managed by Global X, while QB is a Defined Outcome fund tracking the Nasdaq-100. QRMI is actively managed, while QB is passively managed. Over the past year, QRMI returned 6.74% vs 18.61% for QB. A 0.69 correlation means they provide meaningful diversification when combined. QRMI charges 0.60%/yr vs 0.58%/yr for QB.

Performance

QRMI vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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, QRMI achieves a 0.70% return, which is significantly lower than QB's 12.42% return.

QRMI

• 1D: -1.52%
• 1M: -2.06%
• 6M: -0.36%
• YTD: 0.70%
• 1Y: 6.74%
• 3Y*: 5.96%
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.11%
• 1M: 2.44%
• 6M: 11.41%
• YTD: 12.42%
• 1Y: 18.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QRMI vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QRMI Global X NASDAQ 100 Risk Managed Income ETF	0.70%	6.53%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.42%	6.10%

Correlation

The correlation between QRMI and QB is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.69

The correlation between QRMI and QB has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.

QRMI vs. QB - Sectors Allocation Comparison

Sectors	QRMI	QB
Technology	59.0%	49.9%
Communication Services	12.8%	16.4%
Consumer Cyclical	10.5%	12.5%
Consumer Defensive	6.5%	8.6%
Healthcare	3.8%	5.3%
Industrials	3.7%	3.7%
Utilities	1.2%	1.6%
Basic Materials	1.1%	1.3%
Energy	0.5%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QRMI vs. QB — Risk / Return Rank

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

QRMI

QRMI Risk / Return Rank: 35
QRMI Sharpe Ratio Rank: 34
QRMI Sortino Ratio Rank: 31
QRMI Omega Ratio Rank: 35
QRMI Calmar Ratio Rank: 32
QRMI Martin Ratio Rank: 44

QB

QB Risk / Return Rank: 94
QB Sharpe Ratio Rank: 93
QB Sortino Ratio Rank: 94
QB Omega Ratio Rank: 95
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.

QRMI vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Risk Managed Income ETF (QRMI) 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.

	QRMI	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.66	-1.63
Sortino ratio: Return per unit of downside risk	1.38	3.87	-2.49
Omega ratio: Gain probability vs. loss probability	1.20	1.63	-0.43
Calmar ratio: Return relative to maximum drawdown	1.34	5.38	-4.03
Martin ratio: Return relative to average drawdown	5.66	25.93	-20.28

QRMI vs. QB - Sharpe Ratio Comparison

The current QRMI Sharpe Ratio is 1.02, which is lower than the QB Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of QRMI 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

QRMI vs. QB - Drawdown Comparison

The maximum QRMI drawdown since its inception was -20.95%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for QRMI and QB.

Drawdown Indicators

	QRMI	QB	Difference
Max Drawdown Largest peak-to-trough decline	-20.95%	-3.47%	-17.48%
Max Drawdown (1Y) Largest decline over 1 year	-5.04%	-3.47%	-1.57%
Max Drawdown (3Y) Largest decline over 3 years	-8.43%	—	—
Current Drawdown Current decline from peak	-2.81%	-0.22%	-2.59%
Average Drawdown Average peak-to-trough decline	-7.81%	-0.42%	-7.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.19%	0.72%	+0.47%

Volatility

QRMI vs. QB - Volatility Comparison

Global X NASDAQ 100 Risk Managed Income ETF (QRMI) has a higher volatility of 3.15% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 2.71%. This indicates that QRMI'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

	QRMI	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	2.71%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	5.63%	5.83%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	6.61%	7.03%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.40%	6.91%	+1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.40%	6.91%	+1.49%

QRMI vs. QB - Expense Ratio Comparison

QRMI has a 0.60% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

QRMI vs. QB - Dividend Comparison

QRMI's dividend yield for the trailing twelve months is around 12.55%, more than QB's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.77%	0.48%	0.00%	0.00%	0.00%	0.00%
QRMI Global X NASDAQ 100 Risk Managed Income ETF	12.55%	12.28%	11.80%	12.44%	10.65%	3.36%

Frequently Asked Questions

Can I hold both QRMI and QB in my portfolio?

QRMI and QB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QRMI or QB?

QRMI has higher volatility (3.15%) compared to QB (2.71%). In terms of maximum drawdown, QRMI dropped -20.95% vs QB's -3.47%.

Which ETF is better, QRMI or QB?

On 1-year performance, QB leads with 18.61% vs 6.74% for QRMI. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QRMI or QB?

Over the 1-year period, QB has performed better with a 18.61% return vs 6.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QRMI or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.60% for QRMI.

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

QRMI has the higher dividend yield at 12.55%, compared with 0.77% for QB.

What is the main difference between QRMI and QB?

QRMI is categorized as Nasdaq-100, while QB is Defined Outcome. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.60% for QRMI and 0.58% for QB.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.66 vs 1.02), 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.