QTR vs. QB

Last updated Jul 14, 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. Over the past year, QTR returned 22.89% vs 18.28% for QB. Their correlation of 0.81 suggests significant overlap in exposure. 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

The year-to-date returns for both stocks are quite close, with QTR having a 12.74% return and QB slightly lower at 12.15%.

QTR

• 1D: -1.43%
• 1M: -1.14%
• 6M: 10.79%
• YTD: 12.74%
• 1Y: 22.89%
• 3Y*: 18.71%
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.14%
• 1M: 3.02%
• 6M: 10.85%
• YTD: 12.15%
• 1Y: 18.28%
• 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	12.74%	11.44%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.15%	6.10%

Correlation

The correlation between QTR and QB is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.81

The correlation between QTR and QB has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

QTR vs. QB - Sectors Allocation Comparison

Sectors	QTR	QB
Technology	58.1%	49.9%
Communication Services	12.6%	16.4%
Consumer Cyclical	10.4%	12.5%
Consumer Defensive	6.4%	8.6%
Healthcare	3.7%	5.3%
Industrials	3.6%	3.7%
Utilities	1.1%	1.6%
Basic Materials	1.1%	1.3%
Energy	0.4%	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: 49
QTR Sharpe Ratio Rank: 52
QTR Sortino Ratio Rank: 49
QTR Omega Ratio Rank: 49
QTR Calmar Ratio Rank: 47
QTR Martin Ratio Rank: 47

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: 93
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.

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.

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.

	QTR	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.62	-1.20
Sortino ratio: Return per unit of downside risk	1.95	3.81	-1.86
Omega ratio: Gain probability vs. loss probability	1.25	1.62	-0.37
Calmar ratio: Return relative to maximum drawdown	1.87	5.28	-3.41
Martin ratio: Return relative to average drawdown	6.12	25.48	-19.36

QTR vs. QB - Sharpe Ratio Comparison

The current QTR Sharpe Ratio is 1.41, which is lower than the QB Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of QTR 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

QTR vs. QB - Drawdown Comparison

The maximum QTR drawdown since its inception was -31.72%, which is greater than QB's maximum drawdown of -3.47%. 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%	-3.47%	-28.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.29%	-3.47%	-8.82%
Max Drawdown (3Y) Largest decline over 3 years	-18.99%	—	—
Current Drawdown Current decline from peak	-4.40%	-0.31%	-4.09%
Average Drawdown Average peak-to-trough decline	-8.72%	-0.42%	-8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	0.72%	+3.03%

Volatility

QTR vs. QB - Volatility Comparison

Global X NASDAQ 100 Tail Risk ETF (QTR) has a higher volatility of 7.11% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 3.05%. This indicates that QTR'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

	QTR	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	3.05%	+4.06%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	5.83%	+7.47%
Volatility (1Y) Calculated over the trailing 1-year period	16.32%	7.03%	+9.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.34%	6.93%	+11.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.34%	6.93%	+11.41%

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 16.57%, more than QB's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.78%	0.48%	0.00%	0.00%	0.00%	0.00%
QTR Global X NASDAQ 100 Tail Risk ETF	16.57%	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 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTR or QB?

QTR has higher volatility (7.11%) compared to QB (3.05%). In terms of maximum drawdown, QTR dropped -31.72% vs QB's -3.47%.

Which ETF is better, QTR or QB?

On 1-year performance, QTR leads with 22.89% vs 18.28% for QB. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTR or QB?

Over the 1-year period, QTR has performed better with a 22.89% return vs 18.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 16.57%, compared with 0.78% 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.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.62 vs 1.41), 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.