FAZ vs. XDQQ
Compare and contrast key facts about Direxion Daily Financial Bear 3X Shares (FAZ) and Innovator Growth Accelerated ETF - Quarterly (XDQQ).
FAZ and XDQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAZ is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Financial Services Index (-300%). It was launched on Nov 6, 2008. XDQQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
FAZ vs. XDQQ - Performance Comparison
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FAZ vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 33.01% | -37.21% | -51.01% | -26.67% | 1.16% | -43.10% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | -6.44% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
Returns By Period
In the year-to-date period, FAZ achieves a 33.01% return, which is significantly higher than XDQQ's -6.44% return.
FAZ
- 1D
- -6.11%
- 1M
- 11.41%
- YTD
- 33.01%
- 6M
- 26.95%
- 1Y
- -7.23%
- 3Y*
- -36.21%
- 5Y*
- -29.62%
- 10Y*
- -43.10%
XDQQ
- 1D
- 3.48%
- 1M
- -6.32%
- YTD
- -6.44%
- 6M
- -2.16%
- 1Y
- 16.19%
- 3Y*
- 17.49%
- 5Y*
- —
- 10Y*
- —
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FAZ vs. XDQQ - Expense Ratio Comparison
FAZ has a 1.07% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Return for Risk
FAZ vs. XDQQ — Risk / Return Rank
FAZ
XDQQ
FAZ vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) 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.
| FAZ | XDQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.12 | 0.76 | -0.88 |
Sortino ratioReturn per unit of downside risk | 0.24 | 1.24 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.19 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.28 | -1.48 |
Martin ratioReturn relative to average drawdown | -0.26 | 5.69 | -5.95 |
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
| FAZ | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.76 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | 0.37 | -1.09 |
Correlation
The correlation between FAZ and XDQQ is -0.56. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FAZ vs. XDQQ - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 2.56%, while XDQQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 2.56% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FAZ vs. XDQQ - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for FAZ and XDQQ.
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Drawdown Indicators
| FAZ | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -35.63% | -64.37% |
Max Drawdown (1Y)Largest decline over 1 year | -54.53% | -12.64% | -41.89% |
Max Drawdown (5Y)Largest decline over 5 years | -88.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.78% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -8.77% | -91.23% |
Average DrawdownAverage peak-to-trough decline | -99.13% | -11.15% | -87.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.00% | 2.84% | +39.16% |
Volatility
FAZ vs. XDQQ - Volatility Comparison
Direxion Daily Financial Bear 3X Shares (FAZ) has a higher volatility of 13.94% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.14%. This indicates that FAZ'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
| FAZ | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.94% | 7.14% | +6.80% |
Volatility (6M)Calculated over the trailing 6-month period | 33.73% | 12.76% | +20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.30% | 21.40% | +36.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.10% | 19.96% | +36.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.13% | 19.96% | +42.17% |