BZQ vs. XDQQ
BZQ (ProShares UltraShort MSCI Brazil Capped) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. BZQ is passively managed, while XDQQ is actively managed. Over the past 5 years, BZQ returned -23.23%/yr vs 6.96%/yr for XDQQ. At a correlation of -0.33, they often move in opposite directions. BZQ charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
BZQ vs. XDQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BZQ achieves a -26.91% return, which is significantly lower than XDQQ's 0.38% return.
BZQ
- 1D
- 3.03%
- 1M
- -3.96%
- 6M
- -21.76%
- YTD
- -26.91%
- 1Y
- -49.86%
- 3Y*
- -22.15%
- 5Y*
- -23.23%
- 10Y*
- -34.79%
XDQQ
- 1D
- -1.66%
- 1M
- -2.21%
- 6M
- -1.22%
- YTD
- 0.38%
- 1Y
- 12.71%
- 3Y*
- 15.84%
- 5Y*
- 6.96%
- 10Y*
- —
BZQ vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -26.91% | -57.90% | 98.84% | -49.11% | -44.20% | -3.73% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.38% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between BZQ and XDQQ is -0.49, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.33 |
The correlation between BZQ and XDQQ shifts across timeframes, from -0.49 (1 year) to -0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BZQ vs. XDQQ — Risk / Return Rank
BZQ
XDQQ
BZQ vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BZQ | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.18 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 1.08 | -1.84 |
| Martin ratioReturn relative to average drawdown | -1.16 | 4.84 | -6.00 |
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Drawdowns
BZQ vs. XDQQ - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for BZQ and XDQQ.
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Drawdown Indicators
| BZQ | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -35.63% | -64.19% |
Max Drawdown (1Y)Largest decline over 1 year | -65.20% | -11.84% | -53.36% |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | -23.17% | -54.14% |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | -35.63% | -53.02% |
Max Drawdown (10Y)Largest decline over 10 years | -98.96% | — | — |
Current DrawdownCurrent decline from peak | -99.76% | -2.54% | -97.22% |
Average DrawdownAverage peak-to-trough decline | -84.60% | -10.63% | -73.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.07% | 2.63% | +40.44% |
Volatility
BZQ vs. XDQQ - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 12.15% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 4.00%. This indicates that BZQ'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.
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Volatility by Period
| BZQ | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.15% | 4.00% | +8.15% |
Volatility (6M)Calculated over the trailing 6-month period | 39.67% | 10.67% | +29.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.84% | 14.27% | +35.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.14% | 19.87% | +35.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.57% | 19.53% | +47.04% |
BZQ vs. XDQQ - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
BZQ vs. XDQQ - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 7.55%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.55% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BZQ and XDQQ have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (12.15%) compared to XDQQ (4.00%). In terms of maximum drawdown, BZQ dropped -99.82% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 6.96% vs -23.23% for BZQ. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDQQ has performed better with a 6.96% return vs -23.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDQQ is cheaper with a 0.79% expense ratio, compared with 0.95% for BZQ.
BZQ has the higher dividend yield at 7.55%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for BZQ and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (0.90 vs -1.01), 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.
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