REW vs. XDQQ
REW (ProShares UltraShort Technology) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. REW is passively managed, while XDQQ is actively managed. Over the past 5 years, REW returned -40.21%/yr vs 8.32%/yr for XDQQ. At a correlation of -0.91, they often move in opposite directions. REW charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
REW vs. XDQQ - Performance Comparison
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Returns By Period
In the year-to-date period, REW achieves a -48.44% return, which is significantly lower than XDQQ's 2.58% return.
REW
- 1D
- 2.13%
- 1M
- -32.71%
- YTD
- -48.44%
- 6M
- -47.77%
- 1Y
- -65.29%
- 3Y*
- -47.19%
- 5Y*
- -40.21%
- 10Y*
- -45.16%
XDQQ
- 1D
- -0.05%
- 1M
- 1.36%
- YTD
- 2.58%
- 6M
- 2.48%
- 1Y
- 17.06%
- 3Y*
- 17.94%
- 5Y*
- 8.32%
- 10Y*
- —
REW vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | -48.44% | -43.15% | -33.70% | -61.35% | 65.72% | -45.28% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.58% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
Correlation
The correlation between REW and XDQQ is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.91 |
The correlation between REW and XDQQ shifts across timeframes, from -0.91 (all time) to -0.79 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
REW vs. XDQQ — Risk / Return Rank
REW
XDQQ
REW vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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.
| REW | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.80 | ||
| Sortino ratioReturn per unit of downside risk | -4.73 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.26 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 1.45 | -2.43 |
| Martin ratioReturn relative to average drawdown | -2.00 | 6.57 | -8.58 |
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
| REW | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.56 | 1.24 | -2.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.78 | 0.42 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 0.46 | -1.25 |
Drawdowns
REW vs. XDQQ - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for REW and XDQQ.
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Drawdown Indicators
| REW | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -35.63% | -64.36% |
Max Drawdown (1Y)Largest decline over 1 year | -66.25% | -11.84% | -54.41% |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | -23.17% | -63.59% |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | -35.63% | -57.99% |
Max Drawdown (10Y)Largest decline over 10 years | -99.79% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.05% | -99.94% |
Average DrawdownAverage peak-to-trough decline | -86.88% | -10.84% | -76.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.60% | 2.60% | +30.00% |
Volatility
REW vs. XDQQ - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 14.84% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.40%. This indicates that REW's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REW | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | 0.40% | +14.44% |
Volatility (6M)Calculated over the trailing 6-month period | 34.14% | 11.13% | +23.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.11% | 13.81% | +28.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.64% | 19.81% | +31.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.83% | 19.66% | +29.17% |
REW vs. XDQQ - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
REW vs. XDQQ - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 11.04%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | 11.04% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REW and XDQQ have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
REW has higher volatility (14.84%) compared to XDQQ (0.40%). In terms of maximum drawdown, REW dropped -99.99% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 8.32% vs -40.21% for REW. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDQQ has performed better with a 8.32% return vs -40.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDQQ is cheaper with a 0.79% expense ratio, compared with 0.95% for REW.
REW has the higher dividend yield at 11.04%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for REW and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (1.24 vs -1.56), 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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