SCC vs. QTAP
SCC (ProShares UltraShort Consumer Services) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. SCC is passively managed, while QTAP is actively managed. Over the past 5 years, SCC returned -15.79%/yr vs 13.78%/yr for QTAP. At a correlation of -0.78, they often move in opposite directions. SCC charges 0.95%/yr vs 0.79%/yr for QTAP.
Performance
SCC vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.99% return, which is significantly lower than QTAP's 14.67% return.
SCC
- 1D
- 1.71%
- 1M
- 1.88%
- YTD
- 3.99%
- 6M
- 4.09%
- 1Y
- -15.43%
- 3Y*
- -25.44%
- 5Y*
- -15.79%
- 10Y*
- -25.08%
QTAP
- 1D
- -0.10%
- 1M
- 2.89%
- YTD
- 14.67%
- 6M
- 15.56%
- 1Y
- 25.59%
- 3Y*
- 21.18%
- 5Y*
- 13.78%
- 10Y*
- —
SCC vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.99% | -18.97% | -36.01% | -44.34% | 64.09% | -15.88% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.67% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
Correlation
The correlation between SCC and QTAP is -0.66, 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 | -0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.78 |
The correlation between SCC and QTAP shifts across timeframes, from -0.78 (all time) to -0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCC vs. QTAP — Risk / Return Rank
SCC
QTAP
SCC vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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.
| SCC | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.05 | ||
| Sortino ratioReturn per unit of downside risk | -8.89 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.23 | -1.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 15.20 | -15.73 |
| Martin ratioReturn relative to average drawdown | -0.80 | 80.04 | -80.85 |
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
| SCC | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 4.62 | -5.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.73 | -1.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.75 | -1.39 |
Drawdowns
SCC vs. QTAP - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for SCC and QTAP.
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Drawdown Indicators
| SCC | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -29.44% | -70.48% |
Max Drawdown (1Y)Largest decline over 1 year | -29.02% | -1.69% | -27.33% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -13.03% | -54.07% |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | -29.44% | -47.90% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | — | — |
Current DrawdownCurrent decline from peak | -99.90% | -0.10% | -99.80% |
Average DrawdownAverage peak-to-trough decline | -85.95% | -5.04% | -80.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 0.32% | +18.89% |
Volatility
SCC vs. QTAP - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 10.71% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 1.33%. This indicates that SCC's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCC | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 1.33% | +9.38% |
Volatility (6M)Calculated over the trailing 6-month period | 26.41% | 3.97% | +22.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 5.56% | +30.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 18.89% | +25.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 18.77% | +20.75% |
SCC vs. QTAP - Expense Ratio Comparison
SCC has a 0.95% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
SCC vs. QTAP - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 4.53%, while QTAP has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCC ProShares UltraShort Consumer Services | 4.53% | 4.87% | 7.46% | 4.53% | 0.53% | 0.00% | 0.06% | 2.67% | 0.86% |
Frequently Asked Questions
SCC and QTAP have a correlation of -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCC has higher volatility (10.71%) compared to QTAP (1.33%). In terms of maximum drawdown, SCC dropped -99.92% vs QTAP's -29.44%.
On 5-year performance, QTAP leads with 13.78% vs -15.79% for SCC. On fees, QTAP is cheaper at 0.79% per year. On volatility, QTAP has been the lower-risk option at 1.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTAP has performed better with a 13.78% return vs -15.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTAP is cheaper with a 0.79% expense ratio, compared with 0.95% for SCC.
SCC has the higher dividend yield at 4.53%, compared with 0.00% for QTAP.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SCC and 0.79% for QTAP.
QTAP currently has the higher Sharpe Ratio (4.62 vs -0.43), 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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