QID vs. QTJL
QID (ProShares UltraShort QQQ) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. QID is passively managed, while QTJL is actively managed. Over the past 5 years, QID returned -27.97%/yr vs 9.06%/yr for QTJL. Their -0.94 correlation means they have often moved in opposite directions in the past. QID charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
QID vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, QID achieves a -21.02% return, which is significantly lower than QTJL's 2.56% return.
QID
- 1D
- -1.22%
- 1M
- 6.86%
- 6M
- -19.38%
- YTD
- -21.02%
- 1Y
- -35.07%
- 3Y*
- -33.07%
- 5Y*
- -27.97%
- 10Y*
- -37.32%
- ALL TIME*
- -34.54%
QTJL
- 1D
- 0.93%
- 1M
- -1.97%
- 6M
- 1.77%
- YTD
- 2.56%
- 1Y
- 11.97%
- 3Y*
- 15.99%
- 5Y*
- 9.06%
- 10Y*
- —
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $255.66M | $222.38M | $304.58M | |
| $200.88K | $354.66K | $247.25K |
QID vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | -21.02% | -34.97% | -34.06% | -57.19% | 66.30% | -24.22% |
QTJL Innovator Growth Accelerated Plus ETF - July | 2.56% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between QID and QTJL is -0.88, 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. | -0.88 |
Correlation (3Y) Balances recent behavior with more history. | -0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.94 |
The correlation between QID and QTJL has been stable across timeframes, ranging from -0.94 to -0.88 - a consistent structural relationship.
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Return for Risk
QID vs. QTJL — Risk / Return Rank
QID
QTJL
QID vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort QQQ (QID) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
| QID | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.18 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.23 | -1.96 |
| Martin ratioReturn relative to average drawdown | -1.34 | 6.04 | -7.38 |
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Drawdowns
QID vs. QTJL - Drawdown Comparison
The maximum QID drawdown since its inception was -99.99%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for QID and QTJL.
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Drawdown Indicators
| QID | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -33.40% | -66.59% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -8.48% | -36.17% |
Max Drawdown (3Y)Largest decline over 3 years | -79.50% | -22.43% | -57.07% |
Max Drawdown (5Y)Largest decline over 5 years | -88.72% | -33.40% | -55.32% |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -4.62% | -95.37% |
Average DrawdownAverage peak-to-trough decline | -87.09% | -7.74% | -79.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 1.73% | +22.47% |
Volatility
QID vs. QTJL - Volatility Comparison
ProShares UltraShort QQQ (QID) has a higher volatility of 13.93% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.45%. This indicates that QID's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QID | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 6.45% | +7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 32.16% | 9.63% | +22.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.79% | 11.72% | +27.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 20.43% | +25.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.96% | 20.30% | +24.66% |
QID vs. QTJL - Expense Ratio Comparison
QID has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
QID vs. QTJL - Dividend Comparison
QID's dividend yield for the trailing twelve months is around 7.46%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QID ProShares UltraShort QQQ | 7.46% | 6.25% | 7.99% | 5.63% | 0.15% | 0.00% | 0.92% | 2.54% | 1.38% | 0.08% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QID and QTJL have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QID has higher volatility (13.93%) compared to QTJL (6.45%). In terms of maximum drawdown, QID dropped -99.99% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.06% vs -27.97% for QID. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.06% return vs -27.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for QID.
QID has the higher dividend yield at 7.46%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for QID and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (0.89 vs -0.84), 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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