SDP vs. XDQQ
SDP (ProShares UltraShort Utilities) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. SDP is passively managed, while XDQQ is actively managed. Over the past 5 years, SDP returned -16.38%/yr vs 6.00%/yr for XDQQ. Their -0.23 correlation means they have often moved in opposite directions in the past. SDP charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
SDP vs. XDQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -9.16% return, which is significantly lower than XDQQ's -3.31% return.
SDP
- 1D
- 1.06%
- 1M
- 6.29%
- 6M
- -7.08%
- YTD
- -9.16%
- 1Y
- -8.19%
- 3Y*
- -19.35%
- 5Y*
- -16.38%
- 10Y*
- -20.32%
- ALL TIME*
- -21.28%
XDQQ
- 1D
- 0.68%
- 1M
- -3.35%
- 6M
- -4.49%
- YTD
- -3.31%
- 1Y
- 8.25%
- 3Y*
- 13.96%
- 5Y*
- 6.00%
- 10Y*
- —
- ALL TIME*
- 7.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $172.54K | $93.38K | $80.16K | |
| $486.75K | $670.10K | $337.67K |
SDP vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -9.16% | -22.59% | -30.11% | 18.95% | -12.54% | -26.62% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | -3.31% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
Correlation
The correlation between SDP and XDQQ is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.23 |
The correlation between SDP and XDQQ shifts across timeframes, from -0.23 (all time) to -0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. XDQQ — Risk / Return Rank
SDP
XDQQ
SDP vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) 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.
| SDP | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.09 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 0.56 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.57 | 2.24 | -2.80 |
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Drawdowns
SDP vs. XDQQ - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for SDP and XDQQ.
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Drawdown Indicators
| SDP | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -35.63% | -63.93% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -11.84% | -13.60% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -23.17% | -43.00% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -35.63% | -30.54% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.50% | -6.13% | -93.37% |
Average DrawdownAverage peak-to-trough decline | -82.25% | -10.57% | -71.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.45% | 2.95% | +12.50% |
Volatility
SDP vs. XDQQ - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 9.55% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.20%. This indicates that SDP'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
| SDP | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 7.20% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.16% | 11.90% | +12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.16% | 15.47% | +14.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 20.02% | +14.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 19.61% | +18.02% |
SDP vs. XDQQ - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
SDP vs. XDQQ - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.09%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 4.09% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
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
SDP and XDQQ have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (9.55%) compared to XDQQ (7.20%). In terms of maximum drawdown, SDP dropped -99.56% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 6.00% vs -16.38% for SDP. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 7.20%. 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 6.00% return vs -16.38%. 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 SDP.
SDP has the higher dividend yield at 4.09%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SDP and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (0.43 vs -0.29), 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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