QTR vs. QB

Last updated Jun 4, 2026

QTR (Global X NASDAQ 100 Tail Risk ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QTR is a Nasdaq-100 fund tracking the NASDAQ-100 Quarterly Protective Put 90 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. QTR charges 0.60%/yr vs 0.58%/yr for QB.

Performance

QTR vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Tail Risk ETF (QTR) 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, QTR achieves a 17.64% return, which is significantly higher than QB's 10.47% return.

QTR

• 1D: -0.24%
• 1M: 10.52%
• YTD: 17.64%
• 6M: 15.72%
• 1Y: 33.76%
• 3Y*: 22.93%
• 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)

QTR vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QTR Global X NASDAQ 100 Tail Risk ETF	17.64%	10.44%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QTR 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

QTR vs. QB - Sectors Allocation Comparison

Sectors	QTR	QB
Technology	53.8%	49.9%
Communication Services	15.8%	16.4%
Consumer Cyclical	12.2%	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

QTR vs. QB — Risk / Return Rank

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

QTR

QTR Risk / Return Rank: 64
QTR Sharpe Ratio Rank: 72
QTR Sortino Ratio Rank: 70
QTR Omega Ratio Rank: 68
QTR Calmar Ratio Rank: 55
QTR Martin Ratio Rank: 55

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.

QTR vs. QB - Risk-Adjusted Trends Comparison

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

	QTR	QB	Difference
Sharpe ratio: Return per unit of total volatility	2.40	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	2.76	—	—
Martin ratio: Return relative to average drawdown	9.47	—	—
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

	QTR	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	3.17	-2.49

Drawdowns

QTR vs. QB - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QTR and QB.

Drawdown Indicators

	QTR	QB	Difference
Max Drawdown Largest peak-to-trough decline	-31.72%	-1.83%	-29.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.30%	+0.06%
Average Drawdown Average peak-to-trough decline	-8.84%	-0.34%	-8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	—	—

Volatility

Volatility by Period

	QTR	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	5.75%	+8.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	5.75%	+12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.10%	5.75%	+12.35%

QTR vs. QB - Expense Ratio Comparison

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

Dividends

QTR vs. QB - Dividend Comparison

QTR's dividend yield for the trailing twelve months is around 15.96%, more than QB's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	15.96%	18.77%	0.50%	0.53%	0.36%	1.90%

Frequently Asked Questions

Can I hold both QTR and QB in my portfolio?

QTR 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, QTR or QB?

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.

Which ETF is cheaper, QTR or QB?

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

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

QTR has the higher dividend yield at 15.96%, compared with 0.62% for QB.

What is the main difference between QTR and QB?

QTR is categorized as Nasdaq-100, while QB is Defined Outcome. QTR tracks NASDAQ-100 Quarterly Protective Put 90 Index, while QB tracks Nasdaq-100. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.60% for QTR and 0.58% for QB.