BULZ vs. XDQQ

Last updated Jun 4, 2026

BULZ (MicroSectors Solactive FANG & Innovation 3X Leveraged ETN) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. BULZ is passively managed, while XDQQ is actively managed. Over the past 3 years, BULZ returned 102.20%/yr vs 17.94%/yr for XDQQ. Their correlation of 0.89 suggests significant overlap in exposure. BULZ charges 0.95%/yr vs 0.79%/yr for XDQQ.

Performance

BULZ vs. XDQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BULZ achieves a 100.89% return, which is significantly higher than XDQQ's 2.58% return.

BULZ

• 1D: -3.69%
• 1M: 48.46%
• YTD: 100.89%
• 6M: 88.97%
• 1Y: 258.75%
• 3Y*: 102.20%
• 5Y*: —
• 10Y*: —

XDQQ

• 1D: -0.05%
• 1M: 1.36%
• YTD: 2.58%
• 6M: 2.48%
• 1Y: 17.06%
• 3Y*: 17.94%
• 5Y*: 8.32%
• 10Y*: —

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

BULZ vs. XDQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN	100.89%	60.09%	54.09%	394.22%	-92.26%	12.62%
XDQQ Innovator Growth Accelerated ETF - Quarterly	2.58%	13.75%	31.47%	30.15%	-33.74%	7.32%

Correlation

The correlation between BULZ and XDQQ is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Aug 19, 2021	0.89

The correlation between BULZ and XDQQ shifts across timeframes, from 0.78 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

BULZ vs. XDQQ - Sectors Allocation Comparison

Sectors	BULZ	XDQQ
Technology	62.3%	50.7%
Communication Services	25.0%	15.8%
Consumer Cyclical	12.8%	12.5%
Basic Materials	-	1.3%
Consumer Defensive	-	8.7%
Energy	-	0.7%
Financial Services	-	0.2%
Healthcare	-	5.1%
Industrials	-	3.3%
Real Estate	-	0.1%
Utilities	-	1.6%

Return for Risk

BULZ vs. XDQQ — Risk / Return Rank

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

BULZ

BULZ Risk / Return Rank: 76
BULZ Sharpe Ratio Rank: 93
BULZ Sortino Ratio Rank: 67
BULZ Omega Ratio Rank: 68
BULZ Calmar Ratio Rank: 85
BULZ Martin Ratio Rank: 69

XDQQ

XDQQ Risk / Return Rank: 35
XDQQ Sharpe Ratio Rank: 34
XDQQ Sortino Ratio Rank: 31
XDQQ Omega Ratio Rank: 39
XDQQ Calmar Ratio Rank: 30
XDQQ Martin Ratio Rank: 41

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.

BULZ vs. XDQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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.

	BULZ	XDQQ	Difference
Sharpe ratio: Return per unit of total volatility	3.51	1.24	+2.27
Sortino ratio: Return per unit of downside risk	3.13	1.70	+1.42
Omega ratio: Gain probability vs. loss probability	1.42	1.26	+0.16
Calmar ratio: Return relative to maximum drawdown	4.81	1.45	+3.36
Martin ratio: Return relative to average drawdown	12.88	6.57	+6.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BULZ vs. XDQQ - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 3.51, which is higher than the XDQQ Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of BULZ and XDQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BULZ	XDQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.51	1.24	+2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.46	-0.27

Drawdowns

BULZ vs. XDQQ - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for BULZ and XDQQ.

Drawdown Indicators

	BULZ	XDQQ	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-35.63%	-58.81%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	-11.84%	-42.38%
Max Drawdown (3Y) Largest decline over 3 years	-67.96%	-23.17%	-44.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.63%	—
Current Drawdown Current decline from peak	-5.35%	-0.05%	-5.30%
Average Drawdown Average peak-to-trough decline	-58.42%	-10.84%	-47.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.19%	2.60%	+17.59%

Volatility

BULZ vs. XDQQ - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 22.49% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.40%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULZ	XDQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.49%	0.40%	+22.09%
Volatility (6M) Calculated over the trailing 6-month period	56.86%	11.13%	+45.73%
Volatility (1Y) Calculated over the trailing 1-year period	74.35%	13.81%	+60.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.23%	19.81%	+71.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.23%	19.66%	+71.57%

BULZ vs. XDQQ - Expense Ratio Comparison

BULZ has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.

Dividends

BULZ vs. XDQQ - Dividend Comparison

Neither BULZ nor XDQQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BULZ and XDQQ in my portfolio?

BULZ and XDQQ have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BULZ or XDQQ?

BULZ has higher volatility (22.49%) compared to XDQQ (0.40%). In terms of maximum drawdown, BULZ dropped -94.44% vs XDQQ's -35.63%.

Which ETF is better, BULZ or XDQQ?

On 3-year performance, BULZ leads with 102.20% vs 17.94% for XDQQ. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BULZ or XDQQ?

Over the 3-year period, BULZ has performed better with a 102.20% return vs 17.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BULZ or XDQQ?

XDQQ is cheaper with a 0.79% expense ratio, compared with 0.95% for BULZ.

Which ETF pays a higher dividend yield, BULZ or XDQQ?

BULZ and XDQQ have nearly identical dividend yields, around 0.00%.

What is the main difference between BULZ and XDQQ?

They also come from different issuers: BMO and Innovator. Their fees differ too: 0.95% for BULZ and 0.79% for XDQQ.

Which has better risk-adjusted returns?

BULZ currently has the higher Sharpe Ratio (3.51 vs 1.24), 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.