QYLD vs. QB

Last updated Jun 4, 2026

QYLD (Global X NASDAQ 100 Covered Call ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both exchange-traded funds - QYLD is a Nasdaq-100 fund tracking the CBOE NASDAQ-100 Buy Write V2, while QB is a Defined Outcome fund tracking the Nasdaq-100. Both are passively managed. A 0.67 correlation means they provide meaningful diversification when combined. QYLD charges 0.60%/yr vs 0.58%/yr for QB.

Performance

QYLD vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X NASDAQ 100 Covered Call ETF (QYLD) 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, QYLD achieves a 7.88% return, which is significantly lower than QB's 10.47% return.

QYLD

• 1D: -0.06%
• 1M: 1.62%
• YTD: 7.88%
• 6M: 9.97%
• 1Y: 23.93%
• 3Y*: 13.80%
• 5Y*: 8.43%
• 10Y*: 9.80%

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)

QYLD vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
QYLD Global X NASDAQ 100 Covered Call ETF	7.88%	12.56%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between QYLD and QB is 0.67, 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	0.67

QYLD vs. QB - Sectors Allocation Comparison

Sectors	QYLD	QB
Technology	53.8%	49.9%
Communication Services	15.8%	16.4%
Consumer Cyclical	12.3%	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

QYLD vs. QB — Risk / Return Rank

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

QYLD

QYLD Risk / Return Rank: 88
QYLD Sharpe Ratio Rank: 84
QYLD Sortino Ratio Rank: 85
QYLD Omega Ratio Rank: 92
QYLD Calmar Ratio Rank: 86
QYLD Martin Ratio Rank: 94

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.

QYLD vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X NASDAQ 100 Covered Call ETF (QYLD) 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.

	QYLD	QB	Difference
Sharpe ratio Return per unit of total volatility	2.80	—	—
Sortino ratio Return per unit of downside risk	3.92	—	—
Omega ratio Gain probability vs. loss probability	1.63	—	—
Calmar ratio Return relative to maximum drawdown	4.84	—	—
Martin ratio Return relative to average drawdown	28.36	—	—
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

	QYLD	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	3.17	-2.58

Drawdowns

QYLD vs. QB - Drawdown Comparison

The maximum QYLD drawdown since its inception was -24.75%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for QYLD and QB.

Drawdown Indicators

	QYLD	QB	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-1.83%	-22.92%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	—	—
Current Drawdown Current decline from peak	-0.06%	-0.30%	+0.24%
Average Drawdown Average peak-to-trough decline	-3.84%	-0.34%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	—	—

Volatility

Volatility by Period

	QYLD	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	8.58%	5.75%	+2.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.70%	5.75%	+8.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.49%	5.75%	+9.74%

QYLD vs. QB - Expense Ratio Comparison

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

Dividends

QYLD vs. QB - Dividend Comparison

QYLD's dividend yield for the trailing twelve months is around 11.46%, more than QB's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QYLD Global X NASDAQ 100 Covered Call ETF	11.46%	11.55%	12.50%	11.78%	13.75%	12.85%	11.16%	9.84%	12.44%	7.69%	9.15%	9.42%

Frequently Asked Questions

Can I hold both QYLD and QB in my portfolio?

QYLD and QB have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QYLD 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, QYLD or QB?

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

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

QYLD has the higher dividend yield at 11.46%, compared with 0.62% for QB.

What is the main difference between QYLD and QB?

QYLD is categorized as Nasdaq-100, while QB is Defined Outcome. QYLD tracks CBOE NASDAQ-100 Buy Write V2, while QB tracks Nasdaq-100. They also come from different issuers: Global X and ProShares. Their fees differ too: 0.60% for QYLD and 0.58% for QB.