SDP vs. XTJL
SDP (ProShares UltraShort Utilities) and XTJL (Innovator U.S. Equity Accelerated Plus ETF - July) are both Leveraged Equities funds. SDP is passively managed, while XTJL is actively managed. Over the past 3 years, SDP returned -19.38%/yr vs 14.68%/yr for XTJL. At a correlation of -0.36, they often move in opposite directions. SDP charges 0.95%/yr vs 0.79%/yr for XTJL.
Performance
SDP vs. XTJL - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -5.56% return, which is significantly lower than XTJL's 5.36% return.
SDP
- 1D
- 0.71%
- 1M
- 11.99%
- YTD
- -5.56%
- 6M
- -1.63%
- 1Y
- -12.04%
- 3Y*
- -19.38%
- 5Y*
- -16.33%
- 10Y*
- -20.69%
XTJL
- 1D
- 0.00%
- 1M
- 1.16%
- YTD
- 5.36%
- 6M
- 6.38%
- 1Y
- 15.64%
- 3Y*
- 14.68%
- 5Y*
- —
- 10Y*
- —
SDP vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -5.56% | -22.59% | -30.11% | 18.95% | -12.54% | -24.67% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 5.36% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Correlation
The correlation between SDP and XTJL is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | -0.36 |
The correlation between SDP and XTJL shifts across timeframes, from -0.36 (all time) to -0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. XTJL — Risk / Return Rank
SDP
XTJL
SDP vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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.
| SDP | XTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.57 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.46 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.07 | -3.49 |
| Martin ratioReturn relative to average drawdown | -0.69 | 17.37 | -18.06 |
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
| SDP | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 2.12 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 0.65 | -1.21 |
Drawdowns
SDP vs. XTJL - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for SDP and XTJL.
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Drawdown Indicators
| SDP | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -23.24% | -76.32% |
Max Drawdown (1Y)Largest decline over 1 year | -29.01% | -5.12% | -23.89% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -16.70% | -49.47% |
Max Drawdown (5Y)Largest decline over 5 years | -66.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.49% | 0.00% | -99.49% |
Average DrawdownAverage peak-to-trough decline | -82.12% | -4.04% | -78.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.38% | 0.90% | +16.48% |
Volatility
SDP vs. XTJL - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 10.86% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 0.33%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 0.33% | +10.53% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 5.72% | +17.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 7.43% | +21.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.37% | 15.22% | +19.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.51% | 15.22% | +22.29% |
SDP vs. XTJL - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Dividends
SDP vs. XTJL - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 3.87%, while XTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 3.87% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDP and XTJL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (10.86%) compared to XTJL (0.33%). In terms of maximum drawdown, SDP dropped -99.56% vs XTJL's -23.24%.
On 3-year performance, XTJL leads with 14.68% vs -19.38% for SDP. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 0.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTJL has performed better with a 14.68% return vs -19.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for SDP.
SDP has the higher dividend yield at 3.87%, compared with 0.00% for XTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SDP and 0.79% for XTJL.
XTJL currently has the higher Sharpe Ratio (2.12 vs -0.41), 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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