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 -41.62%/yr vs 9.80%/yr for XDSQ. At a correlation of -0.33, they often move in opposite directions. 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 -50.45% return, which is significantly lower than XDSQ's 2.80% 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%
XDSQ
- 1D
- 0.01%
- 1M
- 1.59%
- YTD
- 2.80%
- 6M
- 3.86%
- 1Y
- 15.98%
- 3Y*
- 15.02%
- 5Y*
- 9.80%
- 10Y*
- —
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 | -50.45% | -14.81% | 1.27% | -17.24% | -73.57% | -47.87% |
XDSQ Innovator US Equity Accelerated ETF | 2.80% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Correlation
The correlation between DRIP and XDSQ is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.33 |
The correlation between DRIP and XDSQ shifts across timeframes, from -0.34 (5 years) to 0.03 (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.
| DRIP | XDSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.80 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.32 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 1.67 | -2.55 |
| Martin ratioReturn relative to average drawdown | -1.64 | 7.97 | -9.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRIP | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | 1.52 | -2.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.61 | 0.65 | -1.26 |
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 | 0.69 | -1.11 |
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 | -63.84% | -9.60% | -54.24% |
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 | -90.45% | -4.96% | -85.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.12% | 2.01% | +32.11% |
Volatility
DRIP vs. XDSQ - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 19.66% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.57%. 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 | 19.66% | 0.57% | +19.09% |
Volatility (6M)Calculated over the trailing 6-month period | 43.05% | 8.40% | +34.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 10.56% | +45.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 15.27% | +53.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.59% | 15.10% | +81.49% |
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 3.99%, 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 | 3.99% | 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 0.03, 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 XDSQ (0.57%). In terms of maximum drawdown, DRIP dropped -99.95% vs XDSQ's -26.06%.
On 5-year performance, XDSQ leads with 9.80% vs -41.62% for DRIP. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.57%. 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 9.80% return vs -41.62%. 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 3.99%, 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 (1.52 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.
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