XMAY vs. QB

Last updated Jun 4, 2026

XMAY (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May) and QB (ProShares Nasdaq-100 Dynamic Daily Buffer ETF) are both Defined Outcome funds. XMAY is actively managed, while QB is passively managed. A 0.67 correlation means they provide meaningful diversification when combined. XMAY charges 0.85%/yr vs 0.58%/yr for QB.

Performance

XMAY vs. QB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) 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, XMAY achieves a 3.39% return, which is significantly lower than QB's 10.47% return.

XMAY

• 1D: -0.16%
• 1M: 0.93%
• YTD: 3.39%
• 6M: 4.13%
• 1Y: 10.25%
• 3Y*: —
• 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)

XMAY vs. QB - Yearly Performance Comparison

	2026 (YTD)	2025
XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May	3.39%	5.08%
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	10.47%	5.77%

Correlation

The correlation between XMAY 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

Return for Risk

XMAY vs. QB — Risk / Return Rank

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

XMAY

XMAY Risk / Return Rank: 92
XMAY Sharpe Ratio Rank: 88
XMAY Sortino Ratio Rank: 93
XMAY Omega Ratio Rank: 94
XMAY Calmar Ratio Rank: 91
XMAY 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.

XMAY vs. QB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May (XMAY) 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.

	XMAY	QB	Difference
Sharpe ratio Return per unit of total volatility	2.93	—	—
Sortino ratio Return per unit of downside risk	4.54	—	—
Omega ratio Gain probability vs. loss probability	1.65	—	—
Calmar ratio Return relative to maximum drawdown	5.79	—	—
Martin ratio Return relative to average drawdown	33.30	—	—
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

	XMAY	QB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	3.17	-1.82

Drawdowns

XMAY vs. QB - Drawdown Comparison

The maximum XMAY drawdown since its inception was -8.24%, which is greater than QB's maximum drawdown of -1.83%. Use the drawdown chart below to compare losses from any high point for XMAY and QB.

Drawdown Indicators

	XMAY	QB	Difference
Max Drawdown Largest peak-to-trough decline	-8.24%	-1.83%	-6.41%
Max Drawdown (1Y) Largest decline over 1 year	-1.78%	—	—
Current Drawdown Current decline from peak	-0.20%	-0.30%	+0.10%
Average Drawdown Average peak-to-trough decline	-0.41%	-0.34%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.31%	—	—

Volatility

Volatility by Period

	XMAY	QB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	5.75%	-2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.46%	5.75%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.46%	5.75%	+1.71%

XMAY vs. QB - Expense Ratio Comparison

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

Dividends

XMAY vs. QB - Dividend Comparison

XMAY has not paid dividends to shareholders, while QB's dividend yield for the trailing twelve months is around 0.62%.

Position	TTM	2025
QB ProShares Nasdaq-100 Dynamic Daily Buffer ETF	0.62%	0.48%
XMAY FT Vest U.S. Equity Enhance & Moderate Buffer ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both XMAY and QB in my portfolio?

XMAY 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, XMAY 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, XMAY or QB?

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

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

QB has the higher dividend yield at 0.62%, compared with 0.00% for XMAY.

What is the main difference between XMAY and QB?

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