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 -7.55%/yr vs 7.87%/yr for XDQQ. At a correlation of -0.45, 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 -1.40% return, which is significantly lower than XDQQ's 2.79% return.
RXD
- 1D
- -3.08%
- 1M
- -9.66%
- YTD
- -1.40%
- 6M
- 0.04%
- 1Y
- -25.85%
- 3Y*
- -8.16%
- 5Y*
- -7.55%
- 10Y*
- -20.50%
XDQQ
- 1D
- -0.06%
- 1M
- 0.35%
- YTD
- 2.79%
- 6M
- 0.62%
- 1Y
- 16.55%
- 3Y*
- 17.51%
- 5Y*
- 7.87%
- 10Y*
- —
RXD vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -1.40% | -21.66% | 4.83% | 3.25% | 1.20% | -32.90% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.79% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between RXD and XDQQ is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.45 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.45 |
Over the past year, the inverse relationship between RXD and XDQQ has weakened: their correlation has moved from -0.45 to -0.18, 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 | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.25 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 1.40 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.12 | 6.38 | -7.50 |
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Drawdowns
RXD vs. XDQQ - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.65%, 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 | -99.65% | -35.63% | -64.02% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -11.84% | -22.79% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -23.17% | -13.43% |
Max Drawdown (5Y)Largest decline over 5 years | -40.50% | -35.63% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | — | — |
Current DrawdownCurrent decline from peak | -99.63% | -0.10% | -99.53% |
Average DrawdownAverage peak-to-trough decline | -81.91% | -10.71% | -71.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.10% | 2.60% | +20.50% |
Volatility
RXD vs. XDQQ - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 10.55% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.63%. 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 | 10.55% | 0.63% | +9.92% |
Volatility (6M)Calculated over the trailing 6-month period | 21.92% | 10.17% | +11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.33% | 13.80% | +16.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 19.80% | +10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 19.54% | +13.47% |
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 3.01%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.01% | 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 -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (10.55%) compared to XDQQ (0.63%). In terms of maximum drawdown, RXD dropped -99.65% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 7.87% vs -7.55% for RXD. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.63%. 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 7.87% return vs -7.55%. 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 3.01%, 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 (1.20 vs -0.86), 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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