QB

Nasdaq-100 Dynamic Buffer ETF

QB aims to provide upside participation in the Nasdaq-100, with downside mitigation and lower volatility. The strategy involves a daily cap and a daily target buffer that are adjusted based on expected market volatility.

 

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Investment Objective

Nasdaq-100 Dynamic Buffer ETF seeks investment results, before fees and expenses, that track the performance of the Nasdaq-100 Dynamic Buffer Index.

Documents & Downloads
Statutory Prospectus
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Summary Prospectus
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Statement of Add'l Information
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NAV History
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You may order paper copies by contacting ProShares Client Services at 866-PRO-5125 (866-776-5125)

Performance

Growth of $10,000

Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years

Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.

Total Return

Month-End Total Returns as of 7/31/2025
Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
QB Market Price -0.15% -- -- -- -- -- -- -- 0.68% 06/24/2025
QB NAV -0.03% -- -- -- -- -- -- -- 0.68% 06/24/2025
Nasdaq-100 Dynamic Buffer Index 0.05% 5.54% -0.53% 0.77% 3.96% -- -- -- 0.79% --

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.

About the Fund

Snapshot
  • Ticker
    QB
  • Intraday Ticker
    QB.IV
  • CUSIP
    74349Y597
  • Inception Date
    6/24/25
  • Expense Ratio
    0.58%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Price
as of 8/22/2025
  • NAV
    $40.79
  • NAV Change
    $+0.29 up caret
  • Market Price
    $40.72
  • Market Price Change
    $+0.30 up caret
  • Trading Volume (M)
    260
  • 30-Day Median Bid Ask Spread
    0.25%
  • View Premium / Discount
Snapshot
  • Ticker
    QB
  • Intraday Ticker
    QB.IV
  • CUSIP
    74349Y597
  • Inception Date
    6/24/25
  • Expense Ratio
    0.58%
  • NAV Calculation Time
    4:00 p.m. ET
  • Distributions
    Quarterly
Price
as of 8/22/2025
  • NAV
    $40.79
  • NAV Change
    $+0.29 up caret
  • Market Price
    $40.72
  • Market Price Change
    $+0.30 up caret
  • Trading Volume (M)
    260
  • 30-Day Median Bid Ask Spread
    0.25%
  • View Premium / Discount

Exposures

Index as of 6/16/2025

Holdings

as of 8/22/2025

Weight Ticker Description Exposure Value
(Notional + GL)		 Market Value Shares/Contracts SEDOL Number
100.08% -- NASDAQ-100 DYNAMIC BUFFER OPTION ONLY INDEX SWAP GOLDMAN SACHS INTERNATIONAL 4,899,303 -- 7,441 --
9.63% -- NASDAQ 100 E-MINI EQUITY INDEX 19/SEP/2025 NQU5 INDEX 471,395 -- 01 --
8.96% NVDA NVIDIA CORP -- $438,567.36 2,464 2379504
7.77% MSFT MICROSOFT CORP -- $380,422.50 750 2588173
7.03% AAPL APPLE INC -- $344,145.36 1,511 2046251
5.01% AMZN AMAZON.COM INC -- $245,087.64 1,071 2000019
4.71% AVGO BROADCOM INC -- $230,790.00 785 BDZ78H9
3.39% META META PLATFORMS INC-CLASS A -- $166,053.80 220 B7TL820
2.61% NFLX NETFLIX INC -- $127,692.90 106 2857817
2.56% TSLA TESLA INC -- $125,123.68 368 B616C79
2.47% GOOGL ALPHABET INC-CL A -- $120,974.83 587 BYVY8G0
2.33% GOOG ALPHABET INC-CL C -- $114,109.44 552 BYY88Y7
2.19% COST COSTCO WHOLESALE CORP -- $107,356.48 112 2701271
1.82% PLTR PALANTIR TECHNOLOGIES INC-A -- $89,211.88 562 BN78DQ4
1.46% TMUS T-MOBILE US INC -- $71,301.85 283 B94Q9V0
1.37% AMD ADVANCED MICRO DEVICES -- $67,104.00 400 2007849
1.35% CSCO CISCO SYSTEMS INC -- $66,175.56 983 2198163
1.16% LIN LINDE PLC -- $56,837.06 118 BNZHB81
1.04% PEP PEPSICO INC -- $50,877.60 340 2681511
0.95% INTU INTUIT INC -- $46,386.20 70 2459020
0.94% TXN TEXAS INSTRUMENTS INC -- $46,157.44 224 2885409
0.93% BKNG BOOKING HOLDINGS INC -- $45,766.96 08 BDRXDB4
0.88% QCOM QUALCOMM INC -- $43,136.73 273 2714923
0.87% SHOP SHOPIFY INC - CLASS A -- $42,633.00 300 BXDZ9Z0
0.87% ISRG INTUITIVE SURGICAL INC -- $42,378.24 89 2871301
0.80% AMGN AMGEN INC -- $39,064.76 133 2023607
0.79% ADBE ADOBE INC -- $38,743.63 107 2008154
0.73% HON HONEYWELL INTERNATIONAL INC -- $35,652.80 160 2020459
0.72% GILD GILEAD SCIENCES INC -- $35,119.62 306 2369174
0.69% APP APPLOVIN CORP-CLASS A -- $33,567.68 76 BMV3LG4
0.66% MU MICRON TECHNOLOGY INC -- $32,479.68 276 2588184
0.66% AMAT APPLIED MATERIALS INC -- $32,335.51 199 2046552
0.65% LRCX LAM RESEARCH CORP -- $31,725.36 317 BSML4N7
0.65% CMCSA COMCAST CORP-CLASS A -- $31,657.05 927 2044545
0.64% ADP AUTOMATIC DATA PROCESSING -- $31,410.90 102 2065308
0.63% ADI ANALOG DEVICES INC -- $31,020.60 123 2032067
0.63% PANW PALO ALTO NETWORKS INC -- $30,670.20 165 B87ZMX0
0.60% KLAC KLA CORP -- $29,589.52 34 2480138
0.60% MELI MERCADOLIBRE INC -- $29,167.44 12 B23X1H3
0.57% SNPS SYNOPSYS INC -- $27,899.92 46 2867719
0.55% INTC INTEL CORP -- $26,883.20 1,084 2463247
0.53% CRWD CROWDSTRIKE HOLDINGS INC - A -- $26,074.10 62 BJJP138
0.52% VRTX VERTEX PHARMACEUTICALS INC -- $25,287.68 64 2931034
0.51% SBUX STARBUCKS CORP -- $24,834.78 281 2842255
0.51% DASH DOORDASH INC - A -- $24,732.00 100 BN13P03
0.49% CEG CONSTELLATION ENERGY -- $23,882.32 77 BMH4FS1
0.49% CDNS CADENCE DESIGN SYS INC -- $23,774.84 68 2302232
0.46% MSTR STRATEGY INC -- $22,562.19 63 2974329
0.44% CTAS CINTAS CORP -- $21,774.59 101 2197137
0.44% ORLY O'REILLY AUTOMOTIVE INC -- $21,485.10 210 B65LWX6
0.43% PDD PDD HOLDINGS INC -- $21,100.26 166 BYVW0F7
0.42% MDLZ MONDELEZ INTERNATIONAL INC-A -- $20,354.61 321 B8CKK03
0.41% TRI THOMSON REUTERS CORP -- $20,176.15 113 BNBXPB4
0.38% MAR MARRIOTT INTERNATIONAL -CL A -- $18,619.76 68 2210614
0.34% PYPL PAYPAL HOLDINGS INC -- $16,706.10 239 BYW36M8
0.34% ASML ASML HOLDING NV-NY REG SHS -- $16,607.58 22 B908F01
0.33% CSX CSX CORP -- $16,114.28 466 2160753
0.32% ADSK AUTODESK INC -- $15,672.42 54 2065159
0.32% MRVL MARVELL TECHNOLOGY INC -- $15,622.00 214 BNKJSM5
0.31% REGN REGENERON PHARMACEUTICALS -- $15,326.48 26 2730190
0.31% FTNT FORTINET INC -- $15,283.82 191 B5B2106
0.31% MNST MONSTER BEVERAGE CORP -- $15,081.60 240 BZ07BW4
0.31% AEP AMERICAN ELECTRIC POWER -- $15,050.64 132 2026242
0.30% NXPI NXP SEMICONDUCTORS NV -- $14,794.29 63 B505PN7
0.30% AXON AXON ENTERPRISE INC -- $14,558.56 19 BDT5S35
0.29% FAST FASTENAL CO -- $14,361.15 285 2332262
0.29% ROP ROPER TECHNOLOGIES INC -- $13,957.84 26 2749602
0.28% ABNB AIRBNB INC-CLASS A -- $13,771.52 106 BMGYYH4
0.27% PCAR PACCAR INC -- $13,195.00 130 2665861
0.26% IDXX IDEXX LABORATORIES INC -- $12,911.00 20 2459202
0.25% PAYX PAYCHEX INC -- $12,391.28 88 2674458
0.24% WDAY WORKDAY INC-CLASS A -- $11,948.58 54 B8K6ZD1
0.24% ROST ROSS STORES INC -- $11,927.25 81 2746711
0.24% KDP KEURIG DR PEPPER INC -- $11,840.50 337 BD3W133
0.24% AZN ASTRAZENECA PLC-SPONS ADR -- $11,740.65 145 2989044
0.24% CPRT COPART INC -- $11,652.48 238 2208073
0.23% EXC EXELON CORP -- $11,240.00 250 2670519
0.22% BKR BAKER HUGHES CO -- $10,966.20 245 BDHLTQ5
0.22% ZS ZSCALER INC -- $10,900.60 40 BZ00V34
0.22% XEL XCEL ENERGY INC -- $10,544.92 142 2614807
0.21% EA ELECTRONIC ARTS INC -- $10,455.40 61 2310194
0.21% FANG DIAMONDBACK ENERGY INC -- $10,316.16 72 B7Y8YR3
0.21% TTWO TAKE-TWO INTERACTIVE SOFTWRE -- $10,306.35 45 2122117
0.21% CCEP COCA-COLA EUROPACIFIC PARTNE -- $10,298.76 114 BYQQ3P5
0.21% DDOG DATADOG INC - CLASS A -- $10,235.16 78 BKT9Y49
0.20% CHTR CHARTER COMMUNICATIONS INC-A -- $9,992.88 36 BZ6VT82
0.20% CSGP COSTAR GROUP INC -- $9,578.10 105 2262864
0.19% VRSK VERISK ANALYTICS INC -- $9,487.10 35 B4P9W92
0.19% MCHP MICROCHIP TECHNOLOGY INC -- $9,195.62 133 2592174
0.18% CTSH COGNIZANT TECH SOLUTIONS-A -- $8,612.03 119 2257019
0.17% GEHC GE HEALTHCARE TECHNOLOGY -- $8,424.64 112 BL6JPG8
0.17% KHC KRAFT HEINZ CO/THE -- $8,305.76 296 BYRY499
0.17% ODFL OLD DOMINION FREIGHT LINE -- $8,115.38 51 2656423
0.16% DXCM DEXCOM INC -- $8,061.48 98 B0796X4
0.15% WBD WARNER BROS DISCOVERY INC -- $7,422.80 616 BM8JYX3
0.14% TEAM ATLASSIAN CORP-CL A -- $7,002.39 41 BQ1PC76
0.12% LULU LULULEMON ATHLETICA INC -- $6,020.11 29 B23FN39
0.12% TTD TRADE DESK INC/THE -CLASS A -- $5,852.00 110 BD8FDD1
0.12% CDW CDW CORP/DE -- $5,656.75 34 BBM5MD6
0.11% ON ON SEMICONDUCTOR -- $5,392.40 104 2583576
0.10% BIIB BIOGEN INC -- $4,736.54 34 2455965
0.10% GFS GLOBALFOUNDRIES INC -- $4,690.64 136 BMW7F63
0.09% ARM ARM HOLDINGS PLC-ADR -- $4,551.36 33 BNSP5P7
-- -- NET OTHER ASSETS (LIABILITIES) -- $478,346.01 478,346 --
Download Holdings (.csv)This links to a pdf fileThis link opens a new window

Index

Options Position
as of 8/22/2025
  • TypeNasdaq-100 Index
  • Expiration Date8/25/2025
  • Strike Price - Short Call23,810
  • Strike Price - Long Put23,630
  • Strike Price - Short Put23,190
  • FIGI - Short CallBBG01WT6G2M7
  • FIGI - Long PutBBG01WT6H424
  • FIGI - Short PutBBG01WT6H139
Characteristics
as of 6/16/2025
  • Total Number of Companies101
  • Price/Earnings Ratio7.92
  • Price/Book Ratio32.71
  • Dividend Yield ( % )0.99
  • Avg. Index Market Capitalization$299.14 billion
About the Index

The index measures the performance of a long position in the Nasdaq 100 Index along with three Nasdaq Weeklys Index options, consisting of a short call, a long put, and a short put, one day from the maturity date.

Distributions

This fund has not made any distributions.

Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date. 

Each ProShares Dynamic Buffer ETF’s Index employs a Dynamic Buffer Strategy that combines long exposure to an underlying broad-based index with both long and short options on the underlying index having one day to expiration. This combination targets upside participation up to a daily cap, less the cost of implementing the strategy, on days the underlying index rises. On days the underlying index falls, the strategy seeks to mitigate losses through a daily buffer designed to protect against the first 1% to as much as the first 5% of any loss that day, less the cost of implementing the strategy. Both the daily cap and the daily buffer are adjusted based on expected market volatility. When expected market volatility is higher, the daily cap and the daily buffer are designed to be higher.  

There can be no guarantee that the ETF’s Dynamic Buffer Strategy will provide protection against downside losses or provide upside participation in the underlying index on a daily basis or over longer periods of time. The cost of implementing the strategy and the impact of market movements after the strike prices of the options underlying the strategy have been determined may substantially impact the protection provided by the buffer and the level of the cap. The ETF’s daily buffer and daily cap are determined for each business day based on a measure of expected volatility the prior business day at 2:40 p.m., prior to the close of equity markets. As a result, market movements between this time and the equity market close will impact, and may even eliminate, the level of downside protection or upside participation provided by the ETF on the next business day. Shares traded after the daily cap or daily buffer have been reached should not expect to benefit from such cap or buffer that day. The ETF may underperform its underlying broad-based index over short or long periods of time, potentially significantly. 

Investing involves risk, including the possible loss of principal. ProShares ETFs are generally non-diversified and entail certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective. 

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. 

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing. 

Holdings are subject to change. ProShares may invest in financial instruments (including derivatives) that, in combination, should have daily price return characteristics similar to the fund's benchmark. 

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional. 

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above. 

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

Nasdaq®, Nasdaq-100 Index®, Nasdaq-100®, NDX®, and Nasdaq-100 Dynamic Buffer™ Index, NDXDBI™ are registered trademarks of Nasdaq, Inc. (which with its affiliates and third party licensors is referred to as the “Corporations”) and are licensed for use by ProShare Advisors LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S).

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

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