SDP vs. QTJL
SDP (ProShares UltraShort Utilities) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. SDP is passively managed, while QTJL is actively managed. Over the past 5 years, SDP returned -17.02%/yr vs 9.73%/yr for QTJL. At a correlation of -0.24, they often move in opposite directions. SDP charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
SDP vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -13.42% return, which is significantly lower than QTJL's 4.13% return.
SDP
- 1D
- -1.06%
- 1M
- -2.64%
- 6M
- -9.81%
- YTD
- -13.42%
- 1Y
- -19.85%
- 3Y*
- -20.83%
- 5Y*
- -17.02%
- 10Y*
- -20.62%
QTJL
- 1D
- -1.51%
- 1M
- -2.95%
- 6M
- 3.48%
- YTD
- 4.13%
- 1Y
- 13.53%
- 3Y*
- 16.55%
- 5Y*
- 9.73%
- 10Y*
- —
SDP vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -13.42% | -22.59% | -30.11% | 18.95% | -12.54% | -26.07% |
QTJL Innovator Growth Accelerated Plus ETF - July | 4.13% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between SDP and QTJL is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.24 |
The correlation between SDP and QTJL shifts across timeframes, from -0.24 (5 years) to -0.05 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. QTJL — Risk / Return Rank
SDP
QTJL
SDP vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) 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.
| SDP | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.26 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.03 | -2.82 |
| Martin ratioReturn relative to average drawdown | -1.32 | 10.11 | -11.42 |
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Drawdowns
SDP vs. QTJL - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SDP and QTJL.
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Drawdown Indicators
| SDP | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -33.40% | -66.16% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -6.68% | -18.76% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -22.43% | -43.74% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -33.40% | -32.77% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.53% | -3.17% | -96.36% |
Average DrawdownAverage peak-to-trough decline | -82.21% | -7.77% | -74.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.28% | 1.34% | +13.94% |
Volatility
SDP vs. QTJL - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 9.08% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 4.19%. This indicates that SDP'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
| SDP | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.08% | 4.19% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 23.68% | 8.42% | +15.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.97% | 10.63% | +19.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.43% | 20.34% | +14.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 20.27% | +17.32% |
SDP vs. QTJL - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
SDP vs. QTJL - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.29%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SDP ProShares UltraShort Utilities | 4.29% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Frequently Asked Questions
SDP and QTJL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (9.08%) compared to QTJL (4.19%). In terms of maximum drawdown, SDP dropped -99.56% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.73% vs -17.02% for SDP. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 4.19%. 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 9.73% return vs -17.02%. 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 SDP.
SDP has the higher dividend yield at 4.29%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SDP and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.28 vs -0.66), 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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