QB vs QQHG

QB—ProShares Nasdaq-100 Dynamic Buffer ETF

QQHG—Invesco QQQ Hedged Advantage ETF

In short

QB Most buffer ETFs make you sit through a 12-month outcome period. QB resets every day: it seeks to absorb the first 1% to 5% of a daily Nasdaq-100 loss, with upside capped that same day and both levels flexing with expected volatility.

QQHG —No data

Stated mandate

QB The Fund seeks to track the Nasdaq-100 Dynamic Buffer Index. Its Dynamic Buffer Strategy seeks Nasdaq-100 upside subject to a daily cap while mitigating the first 1% to 5% of daily losses, with both levels varying with expected volatility.

QQHG —No data

Why people hold it

• QB The cushion resets daily, not annually, so the buffer applies to the day you hold it rather than to a period you may have joined halfway through.proshares.com
• Buffer and cap both scale with expected volatility, so protection widens when markets price in bigger swings instead of sitting at one fixed level all year.proshares.com
• At 0.58%, it undercuts most Nasdaq-100 buffer funds, including the Calamos protection series (CPNJ, CPNM) at 0.69% and NJUL at 0.79%.

QQHG —No data

Worth knowing

• QB The cap is daily too. A big one-day Nasdaq-100 jump gets clipped, and a run of capped up days plus buffered down days compounds differently from the index.
• Coverage stops after the first 1% to 5% of a single day's decline. Anything deeper passes through, and a slow multi-day slide is not the same as annual protection.proshares.com
• Launched in 2025, still small and thinly traded, which can mean wider bid-ask spreads than deeper-pocketed Nasdaq-100 buffer peers such as PBQQ.

QQHG —No data

Full QB profile⁠

Full QQHG profile⁠