DRIP vs. XDSQ
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. DRIP is passively managed, while XDSQ is actively managed. Over the past 5 years, DRIP returned -45.76%/yr vs 9.63%/yr for XDSQ. Their -0.32 correlation means they have often moved in opposite directions in the past. DRIP charges 1.07%/yr vs 0.79%/yr for XDSQ.
Performance
DRIP vs. XDSQ - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -53.72% return, which is significantly lower than XDSQ's 5.19% return.
DRIP
- 1D
- 3.59%
- 1M
- -22.42%
- 6M
- -46.02%
- YTD
- -53.72%
- 1Y
- -57.86%
- 3Y*
- -24.65%
- 5Y*
- -45.76%
- 10Y*
- -42.61%
- ALL TIME*
- -41.99%
XDSQ
- 1D
- 1.09%
- 1M
- 2.27%
- 6M
- 2.99%
- YTD
- 5.19%
- 1Y
- 15.96%
- 3Y*
- 14.89%
- 5Y*
- 9.63%
- 10Y*
- —
- ALL TIME*
- 10.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.92M | $63.12M | $132.02M | |
| $815.75K | $1.12M | $552.04K |
DRIP vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.72% | -14.81% | 1.27% | -17.24% | -73.57% | -53.42% |
XDSQ Innovator US Equity Accelerated ETF | 5.19% | 14.22% | 23.12% | 23.00% | -16.78% | 13.28% |
Correlation
The correlation between DRIP and XDSQ is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
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 | -0.32 |
The correlation between DRIP and XDSQ shifts across timeframes, from -0.32 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRIP vs. XDSQ — Risk / Return Rank
DRIP
XDSQ
DRIP vs. XDSQ - 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 US Equity Accelerated ETF (XDSQ). 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 | XDSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.30 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 1.67 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.52 | 7.88 | -9.40 |
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Drawdowns
DRIP vs. XDSQ - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for DRIP and XDSQ.
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Drawdown Indicators
| DRIP | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -26.06% | -73.89% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | -9.60% | -52.58% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -19.15% | -56.87% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | -26.06% | -70.18% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | 0.00% | -99.94% |
Average DrawdownAverage peak-to-trough decline | -90.56% | -4.82% | -85.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.17% | 2.03% | +36.14% |
Volatility
DRIP vs. XDSQ - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 17.47% compared to Innovator US Equity Accelerated ETF (XDSQ) at 3.68%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIP | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 3.68% | +13.79% |
Volatility (6M)Calculated over the trailing 6-month period | 44.98% | 8.20% | +36.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 10.94% | +45.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.64% | 15.31% | +52.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.72% | 14.95% | +80.77% |
DRIP vs. XDSQ - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Dividends
DRIP vs. XDSQ - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.84%, while XDSQ 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 | 3.84% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and XDSQ have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (17.47%) compared to XDSQ (3.68%). In terms of maximum drawdown, DRIP dropped -99.95% vs XDSQ's -26.06%.
On 5-year performance, XDSQ leads with 9.63% vs -45.76% for DRIP. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDSQ has performed better with a 9.63% return vs -45.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDSQ is cheaper with a 0.79% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.84%, compared with 0.00% for XDSQ.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.07% for DRIP and 0.79% for XDSQ.
XDSQ currently has the higher Sharpe Ratio (1.47 vs -1.02), 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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