RVNL vs. XDSQ

Last updated Jun 6, 2026

RVNL (GraniteShares 2x Long RIVN Daily ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. Both are actively managed. Over the past year, RVNL returned -16.81% vs 16.01% for XDSQ. At a 0.34 correlation, their price movements are largely independent. RVNL charges 1.15%/yr vs 0.79%/yr for XDSQ.

Performance

RVNL vs. XDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RIVN Daily ETF (RVNL) and Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RVNL achieves a -45.20% return, which is significantly lower than XDSQ's 2.52% return.

RVNL

• 1D: -19.35%
• 1M: 21.38%
• YTD: -45.20%
• 6M: -37.35%
• 1Y: -16.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: -0.30%
• 1M: 0.76%
• YTD: 2.52%
• 6M: 3.33%
• 1Y: 16.01%
• 3Y*: 14.85%
• 5Y*: 9.75%
• 10Y*: —

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

RVNL vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025
RVNL GraniteShares 2x Long RIVN Daily ETF	-45.20%	117.81%
XDSQ Innovator US Equity Accelerated ETF	2.52%	26.96%

Correlation

The correlation between RVNL and XDSQ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	0.34

RVNL vs. XDSQ - Sectors Allocation Comparison

Sectors	RVNL	XDSQ
Consumer Cyclical	66.7%	10.2%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Financial Services	-	11.6%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.7%
Utilities	-	2.4%

Return for Risk

RVNL vs. XDSQ — Risk / Return Rank

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

RVNL

RVNL Risk / Return Rank: 11
RVNL Sharpe Ratio Rank: 8
RVNL Sortino Ratio Rank: 17
RVNL Omega Ratio Rank: 16
RVNL Calmar Ratio Rank: 7
RVNL Martin Ratio Rank: 7

XDSQ

XDSQ Risk / Return Rank: 46
XDSQ Sharpe Ratio Rank: 46
XDSQ Sortino Ratio Rank: 44
XDSQ Omega Ratio Rank: 54
XDSQ Calmar Ratio Rank: 35
XDSQ Martin Ratio Rank: 51

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.

RVNL vs. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RIVN Daily ETF (RVNL) and Innovator US Equity Accelerated ETF (XDSQ). 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.

	RVNL	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.53	-1.66
Sortino ratio: Return per unit of downside risk	0.77	2.10	-1.32
Omega ratio: Gain probability vs. loss probability	1.09	1.32	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.23	1.68	-1.91
Martin ratio: Return relative to average drawdown	-0.42	7.99	-8.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RVNL vs. XDSQ - Sharpe Ratio Comparison

The current RVNL Sharpe Ratio is -0.13, which is lower than the XDSQ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of RVNL and XDSQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RVNL	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	1.53	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.69	-0.55

Drawdowns

RVNL vs. XDSQ - Drawdown Comparison

The maximum RVNL drawdown since its inception was -72.92%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for RVNL and XDSQ.

Drawdown Indicators

	RVNL	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-72.92%	-26.06%	-46.86%
Max Drawdown (1Y) Largest decline over 1 year	-72.92%	-9.60%	-63.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-57.98%	-0.30%	-57.68%
Average Drawdown Average peak-to-trough decline	-40.22%	-4.96%	-35.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.30%	2.01%	+38.29%

Volatility

RVNL vs. XDSQ - Volatility Comparison

GraniteShares 2x Long RIVN Daily ETF (RVNL) has a higher volatility of 37.10% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.60%. This indicates that RVNL's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RVNL	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.10%	0.60%	+36.50%
Volatility (6M) Calculated over the trailing 6-month period	93.68%	8.39%	+85.29%
Volatility (1Y) Calculated over the trailing 1-year period	127.61%	10.55%	+117.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	125.00%	15.27%	+109.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	125.00%	15.09%	+109.91%

RVNL vs. XDSQ - Expense Ratio Comparison

RVNL has a 1.15% expense ratio, which is higher than XDSQ's 0.79% expense ratio.

Dividends

RVNL vs. XDSQ - Dividend Comparison

Neither RVNL nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RVNL and XDSQ in my portfolio?

RVNL and XDSQ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVNL or XDSQ?

RVNL has higher volatility (37.10%) compared to XDSQ (0.60%). In terms of maximum drawdown, RVNL dropped -72.92% vs XDSQ's -26.06%.

Which ETF is better, RVNL or XDSQ?

On 1-year performance, XDSQ leads with 16.01% vs -16.81% for RVNL. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVNL or XDSQ?

Over the 1-year period, XDSQ has performed better with a 16.01% return vs -16.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVNL or XDSQ?

XDSQ is cheaper with a 0.79% expense ratio, compared with 1.15% for RVNL.

Which ETF pays a higher dividend yield, RVNL or XDSQ?

RVNL and XDSQ have nearly identical dividend yields, around 0.00%.

What is the main difference between RVNL and XDSQ?

They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.15% for RVNL and 0.79% for XDSQ.

Which has better risk-adjusted returns?

XDSQ currently has the higher Sharpe Ratio (1.53 vs -0.13), 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.