EFU vs. XDQQ
EFU (ProShares UltraShort MSCI EAFE) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. EFU is passively managed, while XDQQ is actively managed. Over the past 5 years, EFU returned -15.28%/yr vs 8.32%/yr for XDQQ. At a correlation of -0.65, they often move in opposite directions. EFU charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
EFU vs. XDQQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EFU achieves a -17.12% return, which is significantly lower than XDQQ's 2.62% return.
EFU
- 1D
- -1.19%
- 1M
- -5.46%
- YTD
- -17.12%
- 6M
- -20.10%
- 1Y
- -30.37%
- 3Y*
- -24.51%
- 5Y*
- -15.28%
- 10Y*
- -19.70%
XDQQ
- 1D
- 0.04%
- 1M
- 1.17%
- YTD
- 2.62%
- 6M
- 2.67%
- 1Y
- 17.22%
- 3Y*
- 17.88%
- 5Y*
- 8.32%
- 10Y*
- —
EFU vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | -17.12% | -41.07% | -1.04% | -25.36% | 24.26% | -14.95% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.62% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
Correlation
The correlation between EFU and XDQQ is -0.58, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.65 |
The correlation between EFU and XDQQ has been stable across timeframes, ranging from -0.65 to -0.58 - a consistent structural relationship.
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
EFU vs. XDQQ — Risk / Return Rank
EFU
XDQQ
EFU vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI EAFE (EFU) 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.
| EFU | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.09 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.26 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 1.46 | -2.35 |
| Martin ratioReturn relative to average drawdown | -1.50 | 6.63 | -8.14 |
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
| EFU | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | 1.25 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | 0.42 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | 0.46 | -0.90 |
Drawdowns
EFU vs. XDQQ - Drawdown Comparison
The maximum EFU drawdown since its inception was -99.36%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for EFU and XDQQ.
Loading charts...
Drawdown Indicators
| EFU | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.36% | -35.63% | -63.73% |
Max Drawdown (1Y)Largest decline over 1 year | -34.19% | -11.84% | -22.35% |
Max Drawdown (3Y)Largest decline over 3 years | -64.29% | -23.17% | -41.12% |
Max Drawdown (5Y)Largest decline over 5 years | -75.42% | -35.63% | -39.79% |
Max Drawdown (10Y)Largest decline over 10 years | -90.41% | — | — |
Current DrawdownCurrent decline from peak | -99.35% | -0.01% | -99.34% |
Average DrawdownAverage peak-to-trough decline | -87.13% | -10.83% | -76.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.24% | 2.60% | +17.64% |
Volatility
EFU vs. XDQQ - Volatility Comparison
ProShares UltraShort MSCI EAFE (EFU) has a higher volatility of 9.80% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.36%. This indicates that EFU'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
| EFU | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.80% | 0.36% | +9.44% |
Volatility (6M)Calculated over the trailing 6-month period | 26.08% | 11.10% | +14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.88% | 13.80% | +17.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.33% | 19.80% | +13.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.19% | 19.65% | +14.54% |
EFU vs. XDQQ - Expense Ratio Comparison
EFU has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
EFU vs. XDQQ - Dividend Comparison
EFU's dividend yield for the trailing twelve months is around 5.45%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EFU ProShares UltraShort MSCI EAFE | 5.45% | 5.57% | 3.87% | 6.41% | 1.47% | 0.00% | 0.06% | 0.95% | 0.17% |
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
EFU and XDQQ have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFU has higher volatility (9.80%) compared to XDQQ (0.36%). In terms of maximum drawdown, EFU dropped -99.36% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 8.32% vs -15.28% for EFU. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.36%. 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 -15.28%. 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 0.95% for EFU.
EFU has the higher dividend yield at 5.45%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for EFU and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (1.25 vs -0.99), 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 EFU 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