QQUP vs. XDQQ

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and Innovator Growth Accelerated ETF - Quarterly (XDQQ).

QQUP and XDQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QQUP is a passively managed fund by ProShares that tracks the performance of the Nasdaq-100 Mega Index (200%). It was launched on Jun 10, 2025. XDQQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.

Performance

QQUP vs. XDQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Top QQQ (QQUP) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). The values are adjusted to include any dividend payments, if applicable.

QQUP vs. XDQQ - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	-21.45%	44.45%
XDQQ Innovator Growth Accelerated ETF - Quarterly	-5.48%	13.79%

Returns By Period

In the year-to-date period, QQUP achieves a -21.45% return, which is significantly lower than XDQQ's -5.48% return.

QQUP

• 1D: 2.59%
• 1M: -8.10%
• YTD: -21.45%
• 6M: -20.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDQQ

• 1D: 1.03%
• 1M: -5.50%
• YTD: -5.48%
• 6M: -1.65%
• 1Y: 16.74%
• 3Y*: 17.89%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QQUP vs. XDQQ - Expense Ratio Comparison

QQUP has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.

QQUP

ProShares Ultra Top QQQ

XDQQ

Innovator Growth Accelerated ETF - Quarterly

Return for Risk

QQUP vs. XDQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDQQ

XDQQ Risk / Return Rank: 48
XDQQ Sharpe Ratio Rank: 39
XDQQ Sortino Ratio Rank: 43
XDQQ Omega Ratio Rank: 50
XDQQ Calmar Ratio Rank: 49
XDQQ Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QQUP vs. XDQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	QQUP	XDQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.38	+0.06

Correlation

The correlation between QQUP and XDQQ is 0.83, 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

QQUP vs. XDQQ - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.61%, while XDQQ has not paid dividends to shareholders.

	TTM	2025
QQUP ProShares Ultra Top QQQ	0.61%	0.29%
XDQQ Innovator Growth Accelerated ETF - Quarterly	0.00%	0.00%

Drawdowns

QQUP vs. XDQQ - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for QQUP and XDQQ.

Drawdown Indicators

	QQUP	XDQQ	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-35.63%	-2.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.64%	—
Current Drawdown Current decline from peak	-30.55%	-7.84%	-22.71%
Average Drawdown Average peak-to-trough decline	-9.16%	-11.14%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.88%	—

Volatility

Volatility by Period

	QQUP	XDQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.72%	21.42%	+17.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.72%	19.95%	+18.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.72%	19.95%	+18.77%