BULZ vs. XDSQ

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) and Innovator US Equity Accelerated ETF (XDSQ).

BULZ and XDSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BULZ is a passively managed fund by BMO that tracks the performance of the Solactive FANG Innovation. It was launched on Aug 17, 2021. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.

Performance

BULZ vs. XDSQ - 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 US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

BULZ vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN	-32.23%	60.09%	54.09%	394.22%	-92.26%	12.62%
XDSQ Innovator US Equity Accelerated ETF	-4.89%	14.22%	23.12%	23.00%	-16.78%	4.44%

Returns By Period

In the year-to-date period, BULZ achieves a -32.23% return, which is significantly lower than XDSQ's -4.89% return.

BULZ

• 1D: 15.12%
• 1M: -15.60%
• YTD: -32.23%
• 6M: -31.80%
• 1Y: 68.79%
• 3Y*: 56.38%
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: 2.74%
• 1M: -6.22%
• YTD: -4.89%
• 6M: -0.69%
• 1Y: 13.87%
• 3Y*: 14.17%
• 5Y*: —
• 10Y*: —

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

BULZ vs. XDSQ - Expense Ratio Comparison

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

BULZ

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN

XDSQ

Innovator US Equity Accelerated ETF

Return for Risk

BULZ vs. XDSQ — Risk / Return Rank

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

BULZ

BULZ Risk / Return Rank: 52
BULZ Sharpe Ratio Rank: 43
BULZ Sortino Ratio Rank: 64
BULZ Omega Ratio Rank: 61
BULZ Calmar Ratio Rank: 52
BULZ Martin Ratio Rank: 37

XDSQ

XDSQ Risk / Return Rank: 49
XDSQ Sharpe Ratio Rank: 42
XDSQ Sortino Ratio Rank: 45
XDSQ Omega Ratio Rank: 54
XDSQ Calmar Ratio Rank: 46
XDSQ Martin Ratio Rank: 60

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. XDSQ - 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 US Equity Accelerated ETF (XDSQ). 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	XDSQ	Difference
Sharpe ratio Return per unit of total volatility	0.75	0.77	-0.03
Sortino ratio Return per unit of downside risk	1.54	1.22	+0.32
Omega ratio Gain probability vs. loss probability	1.21	1.20	+0.01
Calmar ratio Return relative to maximum drawdown	1.21	1.19	+0.02
Martin ratio Return relative to average drawdown	3.28	5.87	-2.60
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. XDSQ - Sharpe Ratio Comparison

The current BULZ Sharpe Ratio is 0.75, which is comparable to the XDSQ Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of BULZ and XDSQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BULZ	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.75	0.77	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.60	-0.67

Correlation

The correlation between BULZ and XDSQ is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BULZ vs. XDSQ - Dividend Comparison

Neither BULZ nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BULZ vs. XDSQ - Drawdown Comparison

The maximum BULZ drawdown since its inception was -94.44%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for BULZ and XDSQ.

Drawdown Indicators

	BULZ	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-94.44%	-26.06%	-68.38%
Max Drawdown (1Y) Largest decline over 1 year	-54.22%	-12.18%	-42.04%
Current Drawdown Current decline from peak	-49.18%	-7.12%	-42.06%
Average Drawdown Average peak-to-trough decline	-60.16%	-5.08%	-55.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.05%	2.47%	+17.58%

Volatility

BULZ vs. XDSQ - Volatility Comparison

MicroSectors Solactive FANG & Innovation 3X Leveraged ETN (BULZ) has a higher volatility of 28.82% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.65%. This indicates that BULZ's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BULZ	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.82%	5.65%	+23.17%
Volatility (6M) Calculated over the trailing 6-month period	60.39%	9.60%	+50.79%
Volatility (1Y) Calculated over the trailing 1-year period	92.38%	17.99%	+74.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	91.57%	15.32%	+76.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	91.57%	15.32%	+76.25%