EPV vs. XDQQ
EPV (ProShares UltraShort FTSE Europe) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. EPV is passively managed, while XDQQ is actively managed. Over the past 5 years, EPV returned -19.02%/yr vs 6.22%/yr for XDQQ. Their -0.61 correlation means they have often moved in opposite directions in the past. EPV charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
EPV vs. XDQQ - Performance Comparison
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Returns By Period
In the year-to-date period, EPV achieves a -19.77% return, which is significantly lower than XDQQ's -1.59% return.
EPV
- 1D
- -1.09%
- 1M
- -3.19%
- 6M
- -10.92%
- YTD
- -19.77%
- 1Y
- -35.04%
- 3Y*
- -26.13%
- 5Y*
- -19.02%
- 10Y*
- -22.82%
- ALL TIME*
- -25.54%
XDQQ
- 1D
- 1.78%
- 1M
- -1.63%
- 6M
- -3.53%
- YTD
- -1.59%
- 1Y
- 10.17%
- 3Y*
- 15.50%
- 5Y*
- 6.22%
- 10Y*
- —
- ALL TIME*
- 7.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $306.03K | $269.56K | $428.32K | |
| $488.37K | $671.97K | $332.30K |
EPV vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EPV ProShares UltraShort FTSE Europe | -19.77% | -45.21% | 2.02% | -30.81% | 15.53% | -23.35% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | -1.59% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between EPV and XDQQ is -0.57, 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. | -0.57 |
Correlation (3Y) Balances recent behavior with more history. | -0.54 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.61 |
The correlation between EPV and XDQQ has been stable across timeframes, ranging from -0.61 to -0.54 - a consistent structural relationship.
EPV vs. XDQQ - Sectors Allocation Comparison
Sectors
EPV
XDQQ
Financial Services
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
Healthcare
-
Industrials
-
Real Estate
-
Technology
-
Utilities
-
Financial Services
EPV
XDQQ
Basic Materials
EPV
-
XDQQ
Communication Services
EPV
-
XDQQ
Consumer Cyclical
EPV
-
XDQQ
Consumer Defensive
EPV
-
XDQQ
Energy
EPV
-
XDQQ
Healthcare
EPV
-
XDQQ
Industrials
EPV
-
XDQQ
Real Estate
EPV
-
XDQQ
Technology
EPV
-
XDQQ
Utilities
EPV
-
XDQQ
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Return for Risk
EPV vs. XDQQ — Risk / Return Rank
EPV
XDQQ
EPV vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE Europe (EPV) 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.
| EPV | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.14 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -1.05 | 0.86 | -1.91 |
| Martin ratioReturn relative to average drawdown | -1.72 | 3.44 | -5.17 |
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Drawdowns
EPV vs. XDQQ - Drawdown Comparison
The maximum EPV drawdown since its inception was -99.41%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for EPV and XDQQ.
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Drawdown Indicators
| EPV | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.41% | -35.63% | -63.78% |
Max Drawdown (1Y)Largest decline over 1 year | -33.55% | -11.84% | -21.71% |
Max Drawdown (3Y)Largest decline over 3 years | -67.49% | -23.17% | -44.32% |
Max Drawdown (5Y)Largest decline over 5 years | -80.42% | -35.63% | -44.79% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | — | — |
Current DrawdownCurrent decline from peak | -99.41% | -4.45% | -94.96% |
Average DrawdownAverage peak-to-trough decline | -88.47% | -10.57% | -77.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.92% | 2.96% | +18.96% |
Volatility
EPV vs. XDQQ - Volatility Comparison
ProShares UltraShort FTSE Europe (EPV) has a higher volatility of 9.50% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.30%. This indicates that EPV'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
| EPV | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.50% | 7.30% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 28.44% | 12.00% | +16.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.47% | 15.51% | +16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.99% | 20.04% | +15.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.90% | 19.62% | +17.28% |
EPV vs. XDQQ - Expense Ratio Comparison
EPV has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
EPV vs. XDQQ - Dividend Comparison
EPV's dividend yield for the trailing twelve months is around 4.98%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
EPV ProShares UltraShort FTSE Europe | 4.98% | 4.80% | 4.83% | 3.17% | 0.33% | 0.01% | 0.09% | 1.10% | 0.19% |
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
EPV and XDQQ have a correlation of -0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPV has higher volatility (9.50%) compared to XDQQ (7.30%). In terms of maximum drawdown, EPV dropped -99.41% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 6.22% vs -19.02% for EPV. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 7.30%. 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 6.22% return vs -19.02%. 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 EPV.
EPV has the higher dividend yield at 4.98%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for EPV and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (0.66 vs -1.08), 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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