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 5 years, SDP returned -17.50%/yr vs 9.71%/yr for XTJL. At a correlation of -0.35, 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 -14.36% return, which is significantly lower than XTJL's 6.07% return.
SDP
- 1D
- -0.10%
- 1M
- -6.21%
- 6M
- -13.88%
- YTD
- -14.36%
- 1Y
- -19.40%
- 3Y*
- -20.47%
- 5Y*
- -17.50%
- 10Y*
- -20.74%
XTJL
- 1D
- 0.28%
- 1M
- 0.65%
- 6M
- 5.33%
- YTD
- 6.07%
- 1Y
- 13.87%
- 3Y*
- 14.25%
- 5Y*
- 9.71%
- 10Y*
- —
SDP vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -14.36% | -22.59% | -30.11% | 18.95% | -12.54% | -26.07% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 6.07% | 15.42% | 14.43% | 25.72% | -15.66% | 7.81% |
Correlation
The correlation between SDP and XTJL is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.35 |
Over the past year, the inverse relationship between SDP and XTJL has weakened: their correlation has moved from -0.35 to -0.13, meaning they move in opposite directions less often than they have historically.
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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.
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 | XTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.41 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 2.72 | -3.48 |
| Martin ratioReturn relative to average drawdown | -1.28 | 15.40 | -16.67 |
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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 | -25.59% | -5.12% | -20.47% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -16.70% | -49.47% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -23.24% | -42.93% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.53% | -0.28% | -99.25% |
Average DrawdownAverage peak-to-trough decline | -82.20% | -3.96% | -78.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.20% | 0.90% | +14.30% |
Volatility
SDP vs. XTJL - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 8.89% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 1.27%. 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 | 8.89% | 1.27% | +7.62% |
Volatility (6M)Calculated over the trailing 6-month period | 23.58% | 5.71% | +17.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.92% | 7.39% | +22.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 15.10% | +19.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 15.06% | +22.53% |
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 4.34%, while XTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 4.34% | 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 -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (8.89%) compared to XTJL (1.27%). In terms of maximum drawdown, SDP dropped -99.56% vs XTJL's -23.24%.
On 5-year performance, XTJL leads with 9.71% vs -17.50% for SDP. On fees, XTJL is cheaper at 0.79% per year. On volatility, XTJL has been the lower-risk option at 1.27%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XTJL has performed better with a 9.71% return vs -17.50%. 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 4.34%, 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 (1.89 vs -0.65), 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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