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 -43.20%/yr vs 7.30%/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
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Returns By Period
In the year-to-date period, DRIP achieves a -48.42% return, which is significantly lower than XDQQ's 1.47% return.
DRIP
- 1D
- -0.65%
- 1M
- -2.28%
- 6M
- -45.20%
- YTD
- -48.42%
- 1Y
- -47.19%
- 3Y*
- -27.53%
- 5Y*
- -43.20%
- 10Y*
- -42.30%
XDQQ
- 1D
- 1.09%
- 1M
- -1.14%
- 6M
- 0.05%
- YTD
- 1.47%
- 1Y
- 13.89%
- 3Y*
- 16.26%
- 5Y*
- 7.30%
- 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 | -48.42% | -14.81% | 1.27% | -17.24% | -73.57% | -53.42% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 1.47% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
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 1, 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.
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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.
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.
| DRIP | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.20 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.18 | -1.94 |
| Martin ratioReturn relative to average drawdown | -1.32 | 5.29 | -6.62 |
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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.
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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 | -62.18% | -11.84% | -50.34% |
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% | -1.48% | -98.46% |
Average DrawdownAverage peak-to-trough decline | -90.51% | -10.62% | -79.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.66% | 2.63% | +33.03% |
Volatility
DRIP vs. XDQQ - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 16.32% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 4.15%. 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.
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Volatility by Period
| DRIP | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.32% | 4.15% | +12.17% |
Volatility (6M)Calculated over the trailing 6-month period | 44.01% | 10.70% | +33.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.73% | 14.28% | +42.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.02% | 19.87% | +48.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.90% | 19.53% | +76.37% |
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 3.44%, 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 | 3.44% | 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 (16.32%) compared to XDQQ (4.15%). In terms of maximum drawdown, DRIP dropped -99.95% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 7.30% vs -43.20% for DRIP. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 4.15%. 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 7.30% return vs -43.20%. 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 3.44%, 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 (0.98 vs -0.83), 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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