SPCL vs. XDSQ

Last updated Jul 1, 2026

SPCL (Defiance Pure Space Daily 2X Strategy ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

SPCL vs. XDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Pure Space Daily 2X Strategy ETF (SPCL) and Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPCL

• 1D: 8.73%
• 1M: 14.57%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: -0.01%
• 1M: 0.48%
• YTD: 3.21%
• 6M: 1.85%
• 1Y: 14.92%
• 3Y*: 14.42%
• 5Y*: 9.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPCL vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)
SPCL Defiance Pure Space Daily 2X Strategy ETF	48.10%
XDSQ Innovator US Equity Accelerated ETF	2.99%

Correlation

The correlation between SPCL and XDSQ is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 17, 2026	0.52

Return for Risk

SPCL vs. XDSQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPCL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XDSQ

XDSQ Risk / Return Rank: 47
XDSQ Sharpe Ratio Rank: 47
XDSQ Sortino Ratio Rank: 44
XDSQ Omega Ratio Rank: 56
XDSQ Calmar Ratio Rank: 35
XDSQ Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPCL vs. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Pure Space Daily 2X Strategy ETF (SPCL) and Innovator US Equity Accelerated ETF (XDSQ). 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.

	SPCL	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.43	—
Sortino ratio: Return per unit of downside risk	—	1.97	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	1.56	—
Martin ratio: Return relative to average drawdown	—	7.44	—

Drawdowns

SPCL vs. XDSQ - Drawdown Comparison

The maximum SPCL drawdown since its inception was -46.27%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for SPCL and XDSQ.

Drawdown Indicators

	SPCL	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-46.27%	-26.06%	-20.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-32.85%	-0.01%	-32.84%
Average Drawdown Average peak-to-trough decline	-15.81%	-4.89%	-10.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	SPCL	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	193.75%	10.50%	+183.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	193.75%	15.28%	+178.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	193.75%	14.99%	+178.76%

Dividends

SPCL vs. XDSQ - Dividend Comparison

Neither SPCL nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPCL and XDSQ in my portfolio?

SPCL and XDSQ have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, SPCL or XDSQ?

SPCL and XDSQ have nearly identical dividend yields, around 0.00%.

What is the main difference between SPCL and XDSQ?

They also come from different issuers: Defiance and Innovator.