SZK vs. QTJL
SZK (ProShares UltraShort Consumer Goods) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. SZK is passively managed, while QTJL is actively managed. Over the past 5 years, SZK returned -4.12%/yr vs 9.59%/yr for QTJL. Their -0.44 correlation means they have often moved in opposite directions in the past. SZK charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
SZK vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, SZK achieves a -18.22% return, which is significantly lower than QTJL's 6.11% return.
SZK
- 1D
- -0.26%
- 1M
- -3.10%
- 6M
- 2.45%
- YTD
- -18.22%
- 1Y
- -11.75%
- 3Y*
- -6.63%
- 5Y*
- -4.12%
- 10Y*
- -16.27%
- ALL TIME*
- -19.52%
QTJL
- 1D
- -0.26%
- 1M
- 0.00%
- 6M
- 6.63%
- YTD
- 6.11%
- 1Y
- 14.70%
- 3Y*
- 18.18%
- 5Y*
- 9.59%
- 10Y*
- —
- ALL TIME*
- 10.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $804.59K | $570.83K | $300.33K | |
| $56.40K | $61.28K | $43.80K |
SZK vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | -18.22% | 3.37% | -11.33% | -3.10% | 47.20% | -25.80% |
QTJL Innovator Growth Accelerated Plus ETF - July | 6.11% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between SZK and QTJL is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.44 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.44 |
The correlation between SZK and QTJL shifts across timeframes, from -0.44 (5 years) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SZK vs. QTJL — Risk / Return Rank
SZK
QTJL
SZK vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
| SZK | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.26 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.74 | -2.14 |
| Martin ratioReturn relative to average drawdown | -0.77 | 8.47 | -9.23 |
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Drawdowns
SZK vs. QTJL - Drawdown Comparison
The maximum SZK drawdown since its inception was -99.40%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SZK and QTJL.
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Drawdown Indicators
| SZK | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -33.40% | -66.00% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -8.48% | -20.78% |
Max Drawdown (3Y)Largest decline over 3 years | -41.81% | -22.43% | -19.38% |
Max Drawdown (5Y)Largest decline over 5 years | -41.81% | -33.40% | -8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -86.78% | — | — |
Current DrawdownCurrent decline from peak | -99.31% | -1.32% | -97.99% |
Average DrawdownAverage peak-to-trough decline | -82.13% | -7.73% | -74.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.39% | 1.74% | +13.65% |
Volatility
SZK vs. QTJL - Volatility Comparison
ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 11.39% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.50%. This indicates that SZK's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SZK | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.39% | 6.50% | +4.89% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 9.92% | +12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 11.84% | +16.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.97% | 20.47% | +11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 20.31% | +13.46% |
SZK vs. QTJL - Expense Ratio Comparison
SZK has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
SZK vs. QTJL - Dividend Comparison
SZK's dividend yield for the trailing twelve months is around 2.81%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SZK ProShares UltraShort Consumer Goods | 2.81% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% |
Frequently Asked Questions
SZK and QTJL have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SZK has higher volatility (11.39%) compared to QTJL (6.50%). In terms of maximum drawdown, SZK dropped -99.40% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.59% vs -4.12% for SZK. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.59% return vs -4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for SZK.
SZK has the higher dividend yield at 2.81%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SZK and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.25 vs -0.42), 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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