TWOX vs. QB
TWOX (iShares Large Cap Accelerated Outcome ETF) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. TWOX is actively managed, while QB is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. TWOX charges 0.50%/yr vs 0.58%/yr for QB.
Performance
TWOX vs. QB - Performance Comparison
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Returns By Period
In the year-to-date period, TWOX achieves a 2.15% return, which is significantly lower than QB's 10.47% return.
TWOX
- 1D
- 0.00%
- 1M
- 1.50%
- YTD
- 2.15%
- 6M
- 3.54%
- 1Y
- 16.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QB
- 1D
- -0.19%
- 1M
- 2.95%
- YTD
- 10.47%
- 6M
- 9.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TWOX vs. QB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TWOX iShares Large Cap Accelerated Outcome ETF | 2.15% | 12.12% |
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 10.47% | 5.77% |
Correlation
The correlation between TWOX and QB is 0.71, 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 | 0.71 |
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Return for Risk
TWOX vs. QB — Risk / Return Rank
TWOX
QB
TWOX vs. QB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Large Cap Accelerated Outcome ETF (TWOX) 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.
| TWOX | QB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.32 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | — | — |
| Martin ratioReturn relative to average drawdown | 8.04 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TWOX | QB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 3.17 | -2.50 |
Drawdowns
TWOX vs. QB - Drawdown Comparison
The maximum TWOX drawdown since its inception was -19.35%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for TWOX and QB.
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Drawdown Indicators
| TWOX | QB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -1.83% | -17.52% |
Max Drawdown (1Y)Largest decline over 1 year | -9.51% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.30% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -0.34% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | — | — |
Volatility
TWOX vs. QB - Volatility Comparison
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Volatility by Period
| TWOX | QB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.44% | 5.75% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 5.75% | +11.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.78% | 5.75% | +11.03% |
TWOX vs. QB - Expense Ratio Comparison
TWOX has a 0.50% expense ratio, which is lower than QB's 0.58% expense ratio.
Dividends
TWOX vs. QB - Dividend Comparison
TWOX's dividend yield for the trailing twelve months is around 0.55%, less than QB's 0.62% yield.
| Position | TTM | 2025 |
|---|---|---|
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF | 0.62% | 0.48% |
TWOX iShares Large Cap Accelerated Outcome ETF | 0.55% | 0.57% |
Frequently Asked Questions
TWOX and QB have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TWOX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TWOX is cheaper with a 0.50% expense ratio, compared with 0.58% for QB.
QB has the higher dividend yield at 0.62%, compared with 0.55% for TWOX.
They also come from different issuers: iShares and ProShares. Their fees differ too: 0.50% for TWOX and 0.58% for QB.
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