MVV vs. XTJL
Compare and contrast key facts about ProShares Ultra Midcap 400 (MVV) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL).
MVV and XTJL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MVV is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (200%). It was launched on Jun 21, 2006. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Performance
MVV vs. XTJL - Performance Comparison
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MVV vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 4.75% | 3.48% | 17.75% | 22.51% | -31.96% | 8.36% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | -1.36% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Returns By Period
In the year-to-date period, MVV achieves a 4.75% return, which is significantly higher than XTJL's -1.36% return.
MVV
- 1D
- 1.73%
- 1M
- -11.15%
- YTD
- 4.75%
- 6M
- 5.31%
- 1Y
- 24.57%
- 3Y*
- 14.18%
- 5Y*
- 3.91%
- 10Y*
- 12.30%
XTJL
- 1D
- 2.47%
- 1M
- -2.34%
- YTD
- -1.36%
- 6M
- 1.27%
- 1Y
- 15.57%
- 3Y*
- 14.33%
- 5Y*
- —
- 10Y*
- —
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MVV vs. XTJL - Expense Ratio Comparison
MVV has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Return for Risk
MVV vs. XTJL — Risk / Return Rank
MVV
XTJL
MVV vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Midcap 400 (MVV) 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.
| MVV | XTJL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.86 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.09 | 1.38 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.28 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.18 | -0.21 |
Martin ratioReturn relative to average drawdown | 3.72 | 7.42 | -3.70 |
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
| MVV | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.86 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.56 | -0.33 |
Correlation
The correlation between MVV and XTJL is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MVV vs. XTJL - Dividend Comparison
MVV's dividend yield for the trailing twelve months is around 0.81%, while XTJL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.81% | 0.77% | 0.39% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
MVV vs. XTJL - Drawdown Comparison
The maximum MVV drawdown since its inception was -85.54%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for MVV and XTJL.
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Drawdown Indicators
| MVV | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.54% | -23.24% | -62.30% |
Max Drawdown (1Y)Largest decline over 1 year | -26.85% | -13.81% | -13.04% |
Max Drawdown (5Y)Largest decline over 5 years | -45.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -69.19% | — | — |
Current DrawdownCurrent decline from peak | -11.34% | -2.77% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -20.70% | -4.18% | -16.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 2.19% | +4.78% |
Volatility
MVV vs. XTJL - Volatility Comparison
ProShares Ultra Midcap 400 (MVV) has a higher volatility of 12.99% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 4.44%. This indicates that MVV'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
| MVV | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 4.44% | +8.55% |
Volatility (6M)Calculated over the trailing 6-month period | 24.02% | 6.27% | +17.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.30% | 18.18% | +25.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.66% | 15.46% | +24.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.32% | 15.46% | +26.86% |