SMDD vs. XTJL
Compare and contrast key facts about ProShares UltraPro Short MidCap400 (SMDD) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL).
SMDD and XTJL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDD is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Index (-300%). It was launched on Feb 11, 2010. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Performance
SMDD vs. XTJL - Performance Comparison
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SMDD vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | -8.06% | -27.46% | -31.02% | -38.37% | 7.69% | -21.47% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | -1.36% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Returns By Period
In the year-to-date period, SMDD achieves a -8.06% return, which is significantly lower than XTJL's -1.36% return.
SMDD
- 1D
- -8.39%
- 1M
- 16.17%
- YTD
- -8.06%
- 6M
- -12.25%
- 1Y
- -44.74%
- 3Y*
- -31.21%
- 5Y*
- -26.72%
- 10Y*
- -39.00%
XTJL
- 1D
- 2.47%
- 1M
- -2.34%
- YTD
- -1.36%
- 6M
- 1.27%
- 1Y
- 15.57%
- 3Y*
- 14.33%
- 5Y*
- —
- 10Y*
- —
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SMDD vs. XTJL - Expense Ratio Comparison
SMDD has a 0.95% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Return for Risk
SMDD vs. XTJL — Risk / Return Rank
SMDD
XTJL
SMDD vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short MidCap400 (SMDD) 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.
| SMDD | XTJL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | 0.86 | -1.57 |
Sortino ratioReturn per unit of downside risk | -0.84 | 1.38 | -2.22 |
Omega ratioGain probability vs. loss probability | 0.89 | 1.28 | -0.39 |
Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.18 | -1.84 |
Martin ratioReturn relative to average drawdown | -0.84 | 7.42 | -8.27 |
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
| SMDD | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | 0.86 | -1.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.46 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.69 | 0.56 | -1.25 |
Correlation
The correlation between SMDD and XTJL is -0.81. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SMDD vs. XTJL - Dividend Comparison
SMDD's dividend yield for the trailing twelve months is around 5.07%, while XTJL has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SMDD ProShares UltraPro Short MidCap400 | 5.07% | 4.96% | 4.09% | 3.86% | 0.14% | 0.00% | 0.13% | 1.51% | 0.09% |
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% |
Drawdowns
SMDD vs. XTJL - Drawdown Comparison
The maximum SMDD drawdown since its inception was -99.99%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for SMDD and XTJL.
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Drawdown Indicators
| SMDD | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -23.24% | -76.75% |
Max Drawdown (1Y)Largest decline over 1 year | -67.39% | -13.81% | -53.58% |
Max Drawdown (5Y)Largest decline over 5 years | -85.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.45% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -2.77% | -97.21% |
Average DrawdownAverage peak-to-trough decline | -92.88% | -4.18% | -88.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.40% | 2.19% | +51.21% |
Volatility
SMDD vs. XTJL - Volatility Comparison
ProShares UltraPro Short MidCap400 (SMDD) has a higher volatility of 19.39% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 4.44%. This indicates that SMDD'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
| SMDD | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.39% | 4.44% | +14.95% |
Volatility (6M)Calculated over the trailing 6-month period | 35.71% | 6.27% | +29.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.95% | 18.18% | +44.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.83% | 15.46% | +43.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.28% | 15.46% | +47.82% |