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 -25.86%/yr vs 6.22%/yr for XDQQ. Their -0.33 correlation means they have often moved in opposite directions in the past. 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 -31.18% return, which is significantly lower than XDQQ's -1.59% return.
BZQ
- 1D
- 1.68%
- 1M
- -11.20%
- 6M
- -3.41%
- YTD
- -31.18%
- 1Y
- -55.71%
- 3Y*
- -23.89%
- 5Y*
- -25.86%
- 10Y*
- -34.28%
- ALL TIME*
- -29.38%
XDQQ
- 1D
- 1.78%
- 1M
- -1.63%
- 6M
- -3.53%
- YTD
- -1.59%
- 1Y
- 10.17%
- 3Y*
- 15.50%
- 5Y*
- 6.22%
- 10Y*
- —
- ALL TIME*
- 7.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $82.44K | $121.14K | $200.97K | |
| $488.37K | $671.97K | $332.30K |
BZQ vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -31.18% | -57.90% | 98.84% | -49.11% | -44.20% | -3.73% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | -1.59% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between BZQ and XDQQ is -0.51, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.51 |
Correlation (3Y) Balances recent behavior with more history. | -0.38 |
Correlation (5Y) Shows whether the relationship held over a longer 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 -0.51 (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 | -1.78 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.14 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 0.86 | -1.73 |
| Martin ratioReturn relative to average drawdown | -1.28 | 3.44 | -4.72 |
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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 | -64.18% | -11.84% | -52.34% |
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 | -98.92% | — | — |
Current DrawdownCurrent decline from peak | -99.77% | -4.45% | -95.32% |
Average DrawdownAverage peak-to-trough decline | -84.66% | -10.57% | -74.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.64% | 2.96% | +41.68% |
Volatility
BZQ vs. XDQQ - Volatility Comparison
ProShares UltraShort MSCI Brazil Capped (BZQ) has a higher volatility of 13.59% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.30%. 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 | 13.59% | 7.30% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 38.33% | 12.00% | +26.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.09% | 15.51% | +34.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.82% | 20.04% | +34.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.55% | 19.62% | +46.93% |
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 8.02%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 8.02% | 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 -0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (13.59%) compared to XDQQ (7.30%). In terms of maximum drawdown, BZQ dropped -99.82% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 6.22% vs -25.86% for BZQ. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 7.30%. 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 6.22% return vs -25.86%. 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 8.02%, 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 (0.66 vs -1.12), 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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