RXD vs. XDQQ
RXD (ProShares UltraShort Health Care) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. RXD is passively managed, while XDQQ is actively managed. Over the past 5 years, RXD returned -8.16%/yr vs 6.66%/yr for XDQQ. At a correlation of -0.44, they often move in opposite directions. RXD charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
RXD vs. XDQQ - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -8.21% return, which is significantly lower than XDQQ's -2.10% return.
RXD
- 1D
- 1.08%
- 1M
- -13.60%
- 6M
- -7.32%
- YTD
- -8.21%
- 1Y
- -32.56%
- 3Y*
- -10.10%
- 5Y*
- -8.16%
- 10Y*
- -19.72%
XDQQ
- 1D
- -1.50%
- 1M
- -4.70%
- 6M
- -3.22%
- YTD
- -2.10%
- 1Y
- 8.89%
- 3Y*
- 14.41%
- 5Y*
- 6.66%
- 10Y*
- —
RXD vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -8.21% | -21.66% | 4.83% | 3.25% | 1.20% | -32.90% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | -2.10% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between RXD and XDQQ is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.44 |
Over the past year, the inverse relationship between RXD and XDQQ has weakened: their correlation has moved from -0.44 to -0.13, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. XDQQ — Risk / Return Rank
RXD
XDQQ
RXD vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RXD | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.13 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 0.75 | -1.60 |
| Martin ratioReturn relative to average drawdown | -1.32 | 3.35 | -4.67 |
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Drawdowns
RXD vs. XDQQ - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.67%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for RXD and XDQQ.
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Drawdown Indicators
| RXD | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -35.63% | -64.04% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -11.84% | -26.93% |
Max Drawdown (3Y)Largest decline over 3 years | -40.62% | -23.17% | -17.45% |
Max Drawdown (5Y)Largest decline over 5 years | -44.27% | -35.63% | -8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | — | — |
Current DrawdownCurrent decline from peak | -99.66% | -4.95% | -94.71% |
Average DrawdownAverage peak-to-trough decline | -81.97% | -10.61% | -71.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.71% | 2.66% | +22.05% |
Volatility
RXD vs. XDQQ - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 12.14% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 4.67%. This indicates that RXD'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
| RXD | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 4.67% | +7.47% |
Volatility (6M)Calculated over the trailing 6-month period | 23.66% | 10.92% | +12.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.44% | 14.48% | +16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 19.89% | +10.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.07% | 19.54% | +13.53% |
RXD vs. XDQQ - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
RXD vs. XDQQ - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.24%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.24% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% |
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
RXD and XDQQ have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (12.14%) compared to XDQQ (4.67%). In terms of maximum drawdown, RXD dropped -99.67% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 6.66% vs -8.16% for RXD. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 4.67%. 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 6.66% return vs -8.16%. 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 RXD.
RXD has the higher dividend yield at 3.24%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for RXD and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (0.62 vs -1.04), 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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