REW vs. XTJL
REW (ProShares UltraShort Technology) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. REW is passively managed, while XTJL is actively managed. Over the past 3 years, REW returned -47.19%/yr vs 14.68%/yr for XTJL. At a correlation of -0.85, they often move in opposite directions. REW charges 0.95%/yr vs 0.79%/yr for XTJL.
Performance
REW vs. XTJL - 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 XTJL's 5.36% 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%
XTJL
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 5.36%
- 6M
- 6.38%
- 1Y
- 15.64%
- 3Y*
- 14.68%
- 5Y*
- —
- 10Y*
- —
REW vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | -48.44% | -43.15% | -33.70% | -61.35% | 65.72% | -30.16% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 5.36% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Correlation
The correlation between REW and XTJL is -0.77, 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 | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | -0.85 |
The correlation between REW and XTJL has been stable across timeframes, ranging from -0.85 to -0.77 - a consistent structural relationship.
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Return for Risk
REW vs. XTJL — Risk / Return Rank
REW
XTJL
REW vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) 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.
| REW | XTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.68 | ||
| Sortino ratioReturn per unit of downside risk | -6.17 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.46 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 3.07 | -4.06 |
| Martin ratioReturn relative to average drawdown | -2.00 | 17.37 | -19.37 |
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 | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.56 | 2.12 | -3.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.78 | — | — |
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 | 0.65 | -1.44 |
Drawdowns
REW vs. XTJL - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for REW and XTJL.
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Drawdown Indicators
| REW | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -23.24% | -76.75% |
Max Drawdown (1Y)Largest decline over 1 year | -66.25% | -5.12% | -61.13% |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | -16.70% | -70.06% |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.79% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | 0.00% | -99.99% |
Average DrawdownAverage peak-to-trough decline | -86.88% | -4.04% | -82.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.60% | 0.90% | +31.70% |
Volatility
REW vs. XTJL - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 14.84% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.33%. This indicates that REW's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REW | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | 0.33% | +14.51% |
Volatility (6M)Calculated over the trailing 6-month period | 34.14% | 5.72% | +28.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.11% | 7.43% | +34.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.64% | 15.22% | +36.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.83% | 15.22% | +33.61% |
REW vs. XTJL - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Dividends
REW vs. XTJL - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 11.04%, while XTJL 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% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REW and XTJL have a correlation of -0.77, 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 XTJL (0.33%). In terms of maximum drawdown, REW dropped -99.99% vs XTJL's -23.24%.
On 3-year performance, XTJL leads with 14.68% vs -47.19% for REW. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTJL has performed better with a 14.68% return vs -47.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTJL 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 XTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for REW and 0.79% for XTJL.
XTJL currently has the higher Sharpe Ratio (2.12 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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