EEV vs. QTJL
EEV (ProShares UltraShort MSCI Emerging Markets) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. EEV is passively managed, while QTJL is actively managed. Over the past 5 years, EEV returned -16.05%/yr vs 9.06%/yr for QTJL. Their -0.61 correlation means they have often moved in opposite directions in the past. EEV charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
EEV vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, EEV achieves a -35.13% return, which is significantly lower than QTJL's 2.56% return.
EEV
- 1D
- -1.33%
- 1M
- 3.14%
- 6M
- -24.14%
- YTD
- -35.13%
- 1Y
- -50.21%
- 3Y*
- -29.41%
- 5Y*
- -16.05%
- 10Y*
- -21.99%
- ALL TIME*
- -25.39%
QTJL
- 1D
- 0.93%
- 1M
- -1.97%
- 6M
- 1.77%
- YTD
- 2.56%
- 1Y
- 11.97%
- 3Y*
- 15.99%
- 5Y*
- 9.06%
- 10Y*
- —
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $291.03K | $257.03K | $533.45K | |
| $200.88K | $354.66K | $247.25K |
EEV vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -35.13% | -43.35% | -8.08% | -13.08% | 37.05% | 17.19% |
QTJL Innovator Growth Accelerated Plus ETF - July | 2.56% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between EEV and QTJL is -0.70, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.71 |
Correlation (3Y) Balances recent behavior with more history. | -0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.61 |
The correlation between EEV and QTJL shifts across timeframes, from -0.70 (1 year) to -0.59 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EEV vs. QTJL — Risk / Return Rank
EEV
QTJL
EEV vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
| EEV | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.18 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.23 | -2.08 |
| Martin ratioReturn relative to average drawdown | -1.42 | 6.04 | -7.46 |
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Drawdowns
EEV vs. QTJL - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.88%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for EEV and QTJL.
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Drawdown Indicators
| EEV | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.88% | -33.40% | -66.48% |
Max Drawdown (1Y)Largest decline over 1 year | -58.51% | -8.48% | -50.03% |
Max Drawdown (3Y)Largest decline over 3 years | -77.51% | -22.43% | -55.08% |
Max Drawdown (5Y)Largest decline over 5 years | -81.14% | -33.40% | -47.74% |
Max Drawdown (10Y)Largest decline over 10 years | -93.39% | — | — |
Current DrawdownCurrent decline from peak | -99.86% | -4.62% | -95.24% |
Average DrawdownAverage peak-to-trough decline | -93.04% | -7.74% | -85.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.01% | 1.73% | +33.28% |
Volatility
EEV vs. QTJL - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 19.23% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.45%. This indicates that EEV's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEV | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.23% | 6.45% | +12.78% |
Volatility (6M)Calculated over the trailing 6-month period | 45.21% | 9.63% | +35.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.49% | 11.72% | +37.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.12% | 20.43% | +19.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.76% | 20.30% | +21.46% |
EEV vs. QTJL - Expense Ratio Comparison
EEV has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
EEV vs. QTJL - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 7.22%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 7.22% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEV and QTJL have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEV has higher volatility (19.23%) compared to QTJL (6.45%). In terms of maximum drawdown, EEV dropped -99.88% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.06% vs -16.05% for EEV. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.06% return vs -16.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for EEV.
EEV has the higher dividend yield at 7.22%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for EEV and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (0.89 vs -1.00), 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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