QTOP vs. QB

Last updated Jun 4, 2026

QTOP (iShares Nasdaq Top 30 Stocks ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QTOP is a Nasdaq-100 fund tracking the Nasdaq-100 Top 30 Index, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. A 0.80 correlation means they provide meaningful diversification when combined. QTOP charges 0.20%/yr vs 0.58%/yr for QB.

Performance

QTOP vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Nasdaq Top 30 Stocks ETF (QTOP) 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, QTOP achieves a 22.71% return, which is significantly higher than QB's 10.47% return.

QTOP

• 1D: -0.21%
• 1M: 10.74%
• YTD: 22.71%
• 6M: 21.95%
• 1Y: 45.99%
• 3Y*: —
• 5Y*: —
• 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)

QTOP vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QTOP iShares Nasdaq Top 30 Stocks ETF	22.71%	14.57%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QTOP and QB is 0.80, 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	0.80

QTOP vs. QB - Sectors Allocation Comparison

Sectors	QTOP	QB
Technology	57.7%	49.9%
Communication Services	17.7%	16.4%
Consumer Cyclical	10.4%	12.5%
Consumer Defensive	8.5%	8.6%
Healthcare	3.3%	5.3%
Basic Materials	1.5%	1.3%
Industrials	0.9%	3.7%
Energy	-	0.6%
Financial Services	-	0.2%
Real Estate	-	0.1%
Utilities	-	1.6%

Return for Risk

QTOP vs. QB — Risk / Return Rank

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

QTOP

QTOP Risk / Return Rank: 74
QTOP Sharpe Ratio Rank: 80
QTOP Sortino Ratio Rank: 74
QTOP Omega Ratio Rank: 74
QTOP Calmar Ratio Rank: 71
QTOP Martin Ratio Rank: 70

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.

QTOP vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nasdaq Top 30 Stocks ETF (QTOP) 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.

	QTOP	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.66	—	—
Sortino ratio: Return per unit of downside risk	3.44	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	3.59	—	—
Martin ratio: Return relative to average drawdown	13.20	—	—
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

	QTOP	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	3.17	-1.68

Drawdowns

QTOP vs. QB - Drawdown Comparison

The maximum QTOP drawdown since its inception was -23.28%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QTOP and QB.

Drawdown Indicators

	QTOP	QB	Difference
Max Drawdown Largest peak-to-trough decline	-23.28%	-1.83%	-21.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.88%	—	—
Current Drawdown Current decline from peak	-0.21%	-0.30%	+0.09%
Average Drawdown Average peak-to-trough decline	-3.82%	-0.34%	-3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	—	—

Volatility

Volatility by Period

	QTOP	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.40%	5.75%	+11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.70%	5.75%	+16.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.70%	5.75%	+16.95%

QTOP vs. QB - Expense Ratio Comparison

QTOP has a 0.20% expense ratio, which is lower than QB's 0.58% expense ratio.

Dividends

QTOP vs. QB - Dividend Comparison

QTOP's dividend yield for the trailing twelve months is around 0.32%, less than QB's 0.62% yield.

Position	TTM	2025	2024
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%
QTOP iShares Nasdaq Top 30 Stocks ETF	0.32%	0.38%	0.11%

Frequently Asked Questions

Can I hold both QTOP and QB in my portfolio?

QTOP and QB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QTOP or QB?

On fees, QTOP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QTOP or QB?

QTOP is cheaper with a 0.20% expense ratio, compared with 0.58% for QB.

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

QB has the higher dividend yield at 0.62%, compared with 0.32% for QTOP.

What is the main difference between QTOP and QB?

QTOP is categorized as Nasdaq-100, while QB is Defined Outcome. QTOP tracks Nasdaq-100 Top 30 Index, while QB tracks Nasdaq-100. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.20% for QTOP and 0.58% for QB.