DIG vs. XTJL

Last updated Jun 4, 2026

DIG (ProShares Ultra Oil & Gas) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. DIG is passively managed, while XTJL is actively managed. Over the past 3 years, DIG returned 23.37%/yr vs 14.68%/yr for XTJL. At a 0.31 correlation, their price movements are largely independent. DIG charges 0.95%/yr vs 0.79%/yr for XTJL.

Performance

DIG vs. XTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Oil & Gas (DIG) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIG achieves a 66.35% return, which is significantly higher than XTJL's 5.36% return.

DIG

• 1D: 2.57%
• 1M: -3.48%
• YTD: 66.35%
• 6M: 59.45%
• 1Y: 90.00%
• 3Y*: 23.37%
• 5Y*: 28.29%
• 10Y*: 5.32%

XTJL

• 1D: 0.00%
• 1M: 1.16%
• YTD: 5.36%
• 6M: 6.38%
• 1Y: 15.64%
• 3Y*: 14.68%
• 5Y*: —
• 10Y*: —

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

DIG vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DIG ProShares Ultra Oil & Gas	66.35%	2.73%	0.93%	-13.04%	125.34%	3.91%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	5.36%	15.42%	14.43%	25.72%	-15.66%	7.28%

Correlation

The correlation between DIG and XTJL is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.31

The correlation between DIG and XTJL shifts across timeframes, from -0.04 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

DIG vs. XTJL - Sectors Allocation Comparison

Sectors	DIG	XTJL
Energy	61.8%	3.5%
Financial Services	6.0%	11.9%
Basic Materials	-	1.8%
Communication Services	-	10.9%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Healthcare	-	8.4%
Industrials	-	8.1%
Real Estate	-	1.9%
Technology	-	36.2%
Utilities	-	2.3%

Return for Risk

DIG vs. XTJL — Risk / Return Rank

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

DIG

DIG Risk / Return Rank: 61
DIG Sharpe Ratio Rank: 66
DIG Sortino Ratio Rank: 53
DIG Omega Ratio Rank: 52
DIG Calmar Ratio Rank: 76
DIG Martin Ratio Rank: 59

XTJL

XTJL Risk / Return Rank: 71
XTJL Sharpe Ratio Rank: 63
XTJL Sortino Ratio Rank: 68
XTJL Omega Ratio Rank: 77
XTJL Calmar Ratio Rank: 62
XTJL Martin Ratio Rank: 84

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.

DIG vs. XTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Oil & Gas (DIG) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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.

	DIG	XTJL	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.12	+0.10
Sortino ratio: Return per unit of downside risk	2.61	3.14	-0.53
Omega ratio: Gain probability vs. loss probability	1.33	1.46	-0.14
Calmar ratio: Return relative to maximum drawdown	3.89	3.07	+0.81
Martin ratio: Return relative to average drawdown	10.65	17.37	-6.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIG vs. XTJL - Sharpe Ratio Comparison

The current DIG Sharpe Ratio is 2.22, which is comparable to the XTJL Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of DIG and XTJL, 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

	DIG	XTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.22	2.12	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.65	-0.65

Drawdowns

DIG vs. XTJL - Drawdown Comparison

The maximum DIG drawdown since its inception was -97.04%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for DIG and XTJL.

Drawdown Indicators

	DIG	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-97.04%	-23.24%	-73.80%
Max Drawdown (1Y) Largest decline over 1 year	-23.29%	-5.12%	-18.17%
Max Drawdown (3Y) Largest decline over 3 years	-42.41%	-16.70%	-25.71%
Max Drawdown (5Y) Largest decline over 5 years	-46.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.53%	—	—
Current Drawdown Current decline from peak	-51.27%	0.00%	-51.27%
Average Drawdown Average peak-to-trough decline	-64.37%	-4.04%	-60.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.49%	0.90%	+7.59%

Volatility

DIG vs. XTJL - Volatility Comparison

ProShares Ultra Oil & Gas (DIG) has a higher volatility of 16.56% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.33%. This indicates that DIG's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIG	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.56%	0.33%	+16.23%
Volatility (6M) Calculated over the trailing 6-month period	33.14%	5.72%	+27.42%
Volatility (1Y) Calculated over the trailing 1-year period	40.88%	7.43%	+33.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.59%	15.22%	+36.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.81%	15.22%	+42.59%

DIG vs. XTJL - Expense Ratio Comparison

DIG has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.

Dividends

DIG vs. XTJL - Dividend Comparison

DIG's dividend yield for the trailing twelve months is around 1.50%, while XTJL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIG ProShares Ultra Oil & Gas	1.50%	2.62%	3.13%	0.61%	1.33%	2.24%	3.18%	2.72%	2.30%	1.76%	1.09%	1.56%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIG and XTJL in my portfolio?

DIG and XTJL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIG or XTJL?

DIG has higher volatility (16.56%) compared to XTJL (0.33%). In terms of maximum drawdown, DIG dropped -97.04% vs XTJL's -23.24%.

Which ETF is better, DIG or XTJL?

On 3-year performance, DIG leads with 23.37% vs 14.68% for XTJL. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIG or XTJL?

Over the 3-year period, DIG has performed better with a 23.37% return vs 14.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIG or XTJL?

XTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for DIG.

Which ETF pays a higher dividend yield, DIG or XTJL?

DIG has the higher dividend yield at 1.50%, compared with 0.00% for XTJL.

What is the main difference between DIG and XTJL?

They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for DIG and 0.79% for XTJL.

Which has better risk-adjusted returns?

DIG currently has the higher Sharpe Ratio (2.22 vs 2.12), 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.