DRIP vs. XDQQ
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. DRIP is passively managed, while XDQQ is actively managed. Over the past 5 years, DRIP returned -41.62%/yr vs 8.32%/yr for XDQQ. At a correlation of -0.22, they often move in opposite directions. DRIP charges 1.07%/yr vs 0.79%/yr for XDQQ.
Performance
DRIP vs. XDQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRIP achieves a -50.45% return, which is significantly lower than XDQQ's 2.58% return.
DRIP
- 1D
- -3.05%
- 1M
- 9.61%
- YTD
- -50.45%
- 6M
- -43.03%
- 1Y
- -56.10%
- 3Y*
- -30.92%
- 5Y*
- -41.62%
- 10Y*
- -42.95%
XDQQ
- 1D
- -0.05%
- 1M
- 1.36%
- YTD
- 2.58%
- 6M
- 2.48%
- 1Y
- 17.06%
- 3Y*
- 17.94%
- 5Y*
- 8.32%
- 10Y*
- —
DRIP vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -50.45% | -14.81% | 1.27% | -17.24% | -73.57% | -47.87% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.58% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
Correlation
The correlation between DRIP and XDQQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.22 |
The correlation between DRIP and XDQQ shifts across timeframes, from -0.23 (5 years) to 0.11 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRIP vs. XDQQ — Risk / Return Rank
DRIP
XDQQ
DRIP vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) 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.
| DRIP | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.41 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.26 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.45 | -2.33 |
| Martin ratioReturn relative to average drawdown | -1.64 | 6.57 | -8.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DRIP | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.24 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | 0.42 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.46 | -0.88 |
Drawdowns
DRIP vs. XDQQ - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for DRIP and XDQQ.
Loading charts...
Drawdown Indicators
| DRIP | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -35.63% | -64.32% |
Max Drawdown (1Y)Largest decline over 1 year | -63.84% | -11.84% | -52.00% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -23.17% | -52.85% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | -35.63% | -60.61% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -0.05% | -99.89% |
Average DrawdownAverage peak-to-trough decline | -90.45% | -10.84% | -79.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.12% | 2.60% | +31.52% |
Volatility
DRIP vs. XDQQ - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 19.66% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.40%. This indicates that DRIP'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.
Loading charts...
Volatility by Period
| DRIP | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.66% | 0.40% | +19.26% |
Volatility (6M)Calculated over the trailing 6-month period | 43.05% | 11.13% | +31.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 13.81% | +41.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 19.81% | +48.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.59% | 19.66% | +76.93% |
DRIP vs. XDQQ - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
DRIP vs. XDQQ - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.99%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.99% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
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
DRIP and XDQQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (19.66%) compared to XDQQ (0.40%). In terms of maximum drawdown, DRIP dropped -99.95% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 8.32% vs -41.62% for DRIP. 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.
Over the 5-year period, XDQQ has performed better with a 8.32% return vs -41.62%. 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 1.07% for DRIP.
DRIP has the higher dividend yield at 3.99%, compared with 0.00% for XDQQ.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.07% for DRIP and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (1.24 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.
Find the right allocation for DRIP and XDQQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer