UXAP vs. QB

Last updated Jul 17, 2026

UXAP (FT Vest U.S. Equity Uncapped Accelerator ETF - April) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. UXAP is actively managed, while QB is passively managed. Over the past year, UXAP returned 22.00% vs 18.61% for QB. A 0.79 correlation means they provide meaningful diversification when combined. UXAP charges 0.85%/yr vs 0.58%/yr for QB.

Performance

UXAP vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) 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, UXAP achieves a 10.75% return, which is significantly lower than QB's 12.42% return.

UXAP

• 1D: -0.53%
• 1M: -0.03%
• 6M: 9.11%
• YTD: 10.75%
• 1Y: 22.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QB

• 1D: -0.11%
• 1M: 2.44%
• 6M: 11.41%
• YTD: 12.42%
• 1Y: 18.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UXAP vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	10.75%	13.58%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	12.42%	6.10%

Correlation

The correlation between UXAP and QB is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.79

The correlation between UXAP and QB has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.

Return for Risk

UXAP vs. QB — Risk / Return Rank

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

UXAP

UXAP Risk / Return Rank: 56
UXAP Sharpe Ratio Rank: 56
UXAP Sortino Ratio Rank: 54
UXAP Omega Ratio Rank: 54
UXAP Calmar Ratio Rank: 51
UXAP Martin Ratio Rank: 64

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: 94
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.

UXAP vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) 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.

	UXAP	QB	Difference
Sharpe ratio: Return per unit of total volatility	1.53	2.66	-1.12
Sortino ratio: Return per unit of downside risk	2.14	3.87	-1.73
Omega ratio: Gain probability vs. loss probability	1.27	1.63	-0.36
Calmar ratio: Return relative to maximum drawdown	2.11	5.38	-3.26
Martin ratio: Return relative to average drawdown	9.04	25.93	-16.90

UXAP vs. QB - Sharpe Ratio Comparison

The current UXAP Sharpe Ratio is 1.53, which is lower than the QB Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of UXAP 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

UXAP vs. QB - Drawdown Comparison

The maximum UXAP drawdown since its inception was -10.45%, which is greater than QB's maximum drawdown of -3.47%. Use the drawdown chart below to compare losses from any high point for UXAP and QB.

Drawdown Indicators

	UXAP	QB	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-3.47%	-6.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-3.47%	-6.98%
Current Drawdown Current decline from peak	-1.33%	-0.22%	-1.11%
Average Drawdown Average peak-to-trough decline	-1.33%	-0.42%	-0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	0.72%	+1.72%

Volatility

UXAP vs. QB - Volatility Comparison

FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) has a higher volatility of 4.41% compared to ProShares Nasdaq-100 Dynamic Daily Buffer ETF (QB) at 2.71%. This indicates that UXAP'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

	UXAP	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	2.71%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	11.57%	5.83%	+5.74%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	7.03%	+7.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	6.91%	+7.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	6.91%	+7.62%

UXAP vs. QB - Expense Ratio Comparison

UXAP has a 0.85% expense ratio, which is higher than QB's 0.58% expense ratio.

Dividends

UXAP vs. QB - Dividend Comparison

UXAP has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.77%.

Position	TTM	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.77%	0.48%
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXAP and QB in my portfolio?

UXAP and QB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXAP or QB?

UXAP has higher volatility (4.41%) compared to QB (2.71%). In terms of maximum drawdown, UXAP dropped -10.45% vs QB's -3.47%.

Which ETF is better, UXAP or QB?

On 1-year performance, UXAP leads with 22.00% vs 18.61% for QB. On fees, QB is cheaper at 0.58% per year. On volatility, QB has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXAP or QB?

Over the 1-year period, UXAP has performed better with a 22.00% return vs 18.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXAP or QB?

QB is cheaper with a 0.58% expense ratio, compared with 0.85% for UXAP.

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

QB has the higher dividend yield at 0.77%, compared with 0.00% for UXAP.

What is the main difference between UXAP and QB?

They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.85% for UXAP and 0.58% for QB.

Which has better risk-adjusted returns?

QB currently has the higher Sharpe Ratio (2.66 vs 1.53), 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.