QQUP vs. XTJL

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ultra Top QQQ (QQUP) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL).

QQUP and XTJL 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. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021.

Performance

QQUP vs. XTJL - Performance Comparison

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

QQUP vs. XTJL - Yearly Performance Comparison

	2026 (YTD)	2025
QQUP ProShares Ultra Top QQQ	-23.43%	44.45%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	-1.36%	8.97%

Returns By Period

In the year-to-date period, QQUP achieves a -23.43% return, which is significantly lower than XTJL's -1.36% return.

QQUP

• 1D: 8.61%
• 1M: -9.29%
• YTD: -23.43%
• 6M: -22.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XTJL

• 1D: 2.47%
• 1M: -2.34%
• YTD: -1.36%
• 6M: 1.27%
• 1Y: 15.57%
• 3Y*: 14.33%
• 5Y*: —
• 10Y*: —

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

QQUP vs. XTJL - Expense Ratio Comparison

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

QQUP

ProShares Ultra Top QQQ

XTJL

Innovator U.S. Equity Accelerated Plus ETF - July

Return for Risk

QQUP vs. XTJL — Risk / Return Rank

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

XTJL

XTJL Risk / Return Rank: 57
XTJL Sharpe Ratio Rank: 47
XTJL Sortino Ratio Rank: 51
XTJL Omega Ratio Rank: 73
XTJL Calmar Ratio Rank: 45
XTJL Martin Ratio Rank: 71

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. XTJL - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	QQUP	XTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.56	-0.21

Correlation

The correlation between QQUP and XTJL is 0.77, 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. XTJL - Dividend Comparison

QQUP's dividend yield for the trailing twelve months is around 0.63%, while XTJL has not paid dividends to shareholders.

	TTM	2025
QQUP ProShares Ultra Top QQQ	0.63%	0.29%
XTJL Innovator U.S. Equity Accelerated Plus ETF - July	0.00%	0.00%

Drawdowns

QQUP vs. XTJL - Drawdown Comparison

The maximum QQUP drawdown since its inception was -37.67%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for QQUP and XTJL.

Drawdown Indicators

	QQUP	XTJL	Difference
Max Drawdown Largest peak-to-trough decline	-37.67%	-23.24%	-14.43%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.81%	—
Current Drawdown Current decline from peak	-32.30%	-2.77%	-29.53%
Average Drawdown Average peak-to-trough decline	-9.06%	-4.18%	-4.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.19%	—

Volatility

Volatility by Period

	QQUP	XTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	38.71%	18.18%	+20.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.71%	15.46%	+23.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.71%	15.46%	+23.25%