FXP vs. XTJL
FXP (ProShares UltraShort FTSE China 50) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. FXP is passively managed, while XTJL is actively managed. Over the past 3 years, FXP returned -30.22%/yr vs 14.68%/yr for XTJL. At a correlation of -0.39, they often move in opposite directions. FXP charges 0.95%/yr vs 0.79%/yr for XTJL.
Performance
FXP vs. XTJL - Performance Comparison
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Returns By Period
In the year-to-date period, FXP achieves a 13.64% return, which is significantly higher than XTJL's 5.36% return.
FXP
- 1D
- 4.65%
- 1M
- 5.53%
- YTD
- 13.64%
- 6M
- 16.82%
- 1Y
- -6.43%
- 3Y*
- -30.22%
- 5Y*
- -16.52%
- 10Y*
- -23.04%
XTJL
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 5.36%
- 6M
- 6.38%
- 1Y
- 15.64%
- 3Y*
- 14.68%
- 5Y*
- —
- 10Y*
- —
FXP vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 13.64% | -45.32% | -52.46% | 12.74% | -11.73% | 35.69% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 5.36% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Correlation
The correlation between FXP and XTJL is -0.41, 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 | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | -0.39 |
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Return for Risk
FXP vs. XTJL — Risk / Return Rank
FXP
XTJL
FXP vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort FTSE China 50 (FXP) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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.
| FXP | XTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.46 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 3.07 | -3.31 |
| Martin ratioReturn relative to average drawdown | -0.40 | 17.37 | -17.76 |
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
| FXP | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 2.12 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | 0.65 | -1.09 |
Drawdowns
FXP vs. XTJL - Drawdown Comparison
The maximum FXP drawdown since its inception was -99.94%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for FXP and XTJL.
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Drawdown Indicators
| FXP | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.94% | -23.24% | -76.70% |
Max Drawdown (1Y)Largest decline over 1 year | -27.21% | -5.12% | -22.09% |
Max Drawdown (3Y)Largest decline over 3 years | -82.34% | -16.70% | -65.64% |
Max Drawdown (5Y)Largest decline over 5 years | -87.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.71% | — | — |
Current DrawdownCurrent decline from peak | -99.92% | 0.00% | -99.92% |
Average DrawdownAverage peak-to-trough decline | -94.15% | -4.04% | -90.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.66% | 0.90% | +16.76% |
Volatility
FXP vs. XTJL - Volatility Comparison
ProShares UltraShort FTSE China 50 (FXP) has a higher volatility of 15.06% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.33%. This indicates that FXP's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXP | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.06% | 0.33% | +14.73% |
Volatility (6M)Calculated over the trailing 6-month period | 28.87% | 5.72% | +23.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.29% | 7.43% | +31.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.12% | 15.22% | +47.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.91% | 15.22% | +39.69% |
FXP vs. XTJL - Expense Ratio Comparison
FXP has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Dividends
FXP vs. XTJL - Dividend Comparison
FXP's dividend yield for the trailing twelve months is around 4.12%, while XTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FXP ProShares UltraShort FTSE China 50 | 4.12% | 9.57% | 3.55% | 2.20% | 0.06% | 0.00% | 0.06% | 1.20% | 0.16% |
XTJL Innovator U.S. Equity 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
FXP and XTJL have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXP has higher volatility (15.06%) compared to XTJL (0.33%). In terms of maximum drawdown, FXP dropped -99.94% vs XTJL's -23.24%.
On 3-year performance, XTJL leads with 14.68% vs -30.22% for FXP. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTJL has performed better with a 14.68% return vs -30.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for FXP.
FXP has the higher dividend yield at 4.12%, compared with 0.00% for XTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for FXP and 0.79% for XTJL.
XTJL currently has the higher Sharpe Ratio (2.12 vs -0.16), 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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