PATX vs. XDSQ
PATX (Tradr 2X Long PATH Daily ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. PATX is passively managed, while XDSQ is actively managed. At a 0.07 correlation, their price movements are largely independent. PATX charges 1.49%/yr vs 0.79%/yr for XDSQ.
Performance
PATX vs. XDSQ - Performance Comparison
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Returns By Period
PATX
- 1D
- 0.44%
- 1M
- 13.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDSQ
- 1D
- 0.04%
- 1M
- 1.36%
- YTD
- 2.84%
- 6M
- 3.73%
- 1Y
- 16.08%
- 3Y*
- 15.08%
- 5Y*
- 9.81%
- 10Y*
- —
PATX vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PATX Tradr 2X Long PATH Daily ETF | -56.95% |
XDSQ Innovator US Equity Accelerated ETF | 1.32% |
Correlation
The correlation between PATX and XDSQ is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026 | 0.07 |
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Return for Risk
PATX vs. XDSQ — Risk / Return Rank
PATX
XDSQ
PATX vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PATH Daily ETF (PATX) and Innovator US Equity Accelerated ETF (XDSQ). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| PATX | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.53 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.72 | 0.69 | -1.41 |
Drawdowns
PATX vs. XDSQ - Drawdown Comparison
The maximum PATX drawdown since its inception was -70.28%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for PATX and XDSQ.
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Drawdown Indicators
| PATX | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.28% | -26.06% | -44.22% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.60% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.06% | — |
Current DrawdownCurrent decline from peak | -56.95% | 0.00% | -56.95% |
Average DrawdownAverage peak-to-trough decline | -52.49% | -4.96% | -47.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.01% | — |
Volatility
PATX vs. XDSQ - Volatility Comparison
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Volatility by Period
| PATX | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.53% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.39% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 123.88% | 10.54% | +113.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 123.88% | 15.27% | +108.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 123.88% | 15.09% | +108.79% |
PATX vs. XDSQ - Expense Ratio Comparison
PATX has a 1.49% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Dividends
PATX vs. XDSQ - Dividend Comparison
Neither PATX nor XDSQ has paid dividends to shareholders.
Frequently Asked Questions
PATX and XDSQ have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDSQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDSQ is cheaper with a 0.79% expense ratio, compared with 1.49% for PATX.
PATX and XDSQ have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.49% for PATX and 0.79% for XDSQ.
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