SDOW vs. QTJL
SDOW (ProShares UltraPro Short Dow30) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. SDOW is passively managed, while QTJL is actively managed. Over the past 5 years, SDOW returned -25.49%/yr vs 9.06%/yr for QTJL. Their -0.70 correlation means they have often moved in opposite directions in the past. SDOW charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
SDOW vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, SDOW achieves a -23.66% return, which is significantly lower than QTJL's 2.56% return.
SDOW
- 1D
- -1.40%
- 1M
- 2.39%
- 6M
- -19.90%
- YTD
- -23.66%
- 1Y
- -42.17%
- 3Y*
- -31.29%
- 5Y*
- -25.49%
- 10Y*
- -37.90%
- ALL TIME*
- -38.23%
QTJL
- 1D
- 0.93%
- 1M
- -1.97%
- 6M
- 1.77%
- YTD
- 2.56%
- 1Y
- 11.97%
- 3Y*
- 15.99%
- 5Y*
- 9.06%
- 10Y*
- —
- ALL TIME*
- 9.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $200.88K | $354.66K | $247.25K | |
| $85.35M | $79.85M | $111.34M |
SDOW vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDOW ProShares UltraPro Short Dow30 | -23.66% | -33.94% | -25.95% | -28.78% | 4.00% | -20.99% |
QTJL Innovator Growth Accelerated Plus ETF - July | 2.56% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between SDOW and QTJL is -0.62, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.62 |
Correlation (3Y) Balances recent behavior with more history. | -0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.70 |
The correlation between SDOW and QTJL has been stable across timeframes, ranging from -0.70 to -0.62 - a consistent structural relationship.
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Return for Risk
SDOW vs. QTJL — Risk / Return Rank
SDOW
QTJL
SDOW vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Dow30 (SDOW) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
| SDOW | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.18 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 1.23 | -2.14 |
| Martin ratioReturn relative to average drawdown | -1.48 | 6.04 | -7.52 |
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Drawdowns
SDOW vs. QTJL - Drawdown Comparison
The maximum SDOW drawdown since its inception was -99.97%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SDOW and QTJL.
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Drawdown Indicators
| SDOW | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.97% | -33.40% | -66.57% |
Max Drawdown (1Y)Largest decline over 1 year | -44.20% | -8.48% | -35.72% |
Max Drawdown (3Y)Largest decline over 3 years | -76.85% | -22.43% | -54.42% |
Max Drawdown (5Y)Largest decline over 5 years | -84.05% | -33.40% | -50.65% |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | — | — |
Current DrawdownCurrent decline from peak | -99.96% | -4.62% | -95.34% |
Average DrawdownAverage peak-to-trough decline | -89.65% | -7.74% | -81.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.97% | 1.73% | +25.24% |
Volatility
SDOW vs. QTJL - Volatility Comparison
ProShares UltraPro Short Dow30 (SDOW) has a higher volatility of 10.82% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.45%. This indicates that SDOW's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDOW | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 6.45% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 29.51% | 9.63% | +19.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.41% | 11.72% | +25.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.40% | 20.43% | +23.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.11% | 20.30% | +31.81% |
SDOW vs. QTJL - Expense Ratio Comparison
SDOW has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
SDOW vs. QTJL - Dividend Comparison
SDOW's dividend yield for the trailing twelve months is around 5.43%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDOW ProShares UltraPro Short Dow30 | 5.43% | 5.80% | 8.30% | 5.38% | 0.36% | 0.00% | 0.52% | 2.17% | 1.23% | 0.09% |
Frequently Asked Questions
SDOW and QTJL have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDOW has higher volatility (10.82%) compared to QTJL (6.45%). In terms of maximum drawdown, SDOW dropped -99.97% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.06% vs -25.49% for SDOW. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.06% return vs -25.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for SDOW.
SDOW has the higher dividend yield at 5.43%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SDOW and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (0.89 vs -1.07), 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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