SZK vs. XDQQ
SZK (ProShares UltraShort Consumer Goods) and XDQQ (Innovator Growth Accelerated ETF - Quarterly) are both Leveraged Equities funds. SZK is passively managed, while XDQQ is actively managed. Over the past 5 years, SZK returned -3.44%/yr vs 8.32%/yr for XDQQ. At a correlation of -0.45, they often move in opposite directions. SZK charges 0.95%/yr vs 0.79%/yr for XDQQ.
Performance
SZK vs. XDQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SZK achieves a -10.45% return, which is significantly lower than XDQQ's 2.58% return.
SZK
- 1D
- -0.60%
- 1M
- 3.66%
- YTD
- -10.45%
- 6M
- -8.35%
- 1Y
- 2.69%
- 3Y*
- -4.48%
- 5Y*
- -3.44%
- 10Y*
- -16.12%
XDQQ
- 1D
- -0.05%
- 1M
- 1.36%
- YTD
- 2.58%
- 6M
- 2.48%
- 1Y
- 17.06%
- 3Y*
- 17.94%
- 5Y*
- 8.32%
- 10Y*
- —
SZK vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | -10.45% | 3.37% | -11.33% | -3.10% | 47.20% | -33.00% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.58% | 13.75% | 31.47% | 30.15% | -33.74% | 18.29% |
Correlation
The correlation between SZK and XDQQ is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | -0.45 |
The correlation between SZK and XDQQ shifts across timeframes, from -0.45 (all time) to 0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SZK vs. XDQQ — Risk / Return Rank
SZK
XDQQ
SZK vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). 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.
| SZK | XDQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.26 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.45 | -1.35 |
| Martin ratioReturn relative to average drawdown | 0.21 | 6.57 | -6.36 |
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
| SZK | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.24 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.42 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.46 | -1.05 |
Drawdowns
SZK vs. XDQQ - Drawdown Comparison
The maximum SZK drawdown since its inception was -99.40%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for SZK and XDQQ.
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Drawdown Indicators
| SZK | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -35.63% | -63.77% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -11.84% | -17.42% |
Max Drawdown (3Y)Largest decline over 3 years | -41.81% | -23.17% | -18.64% |
Max Drawdown (5Y)Largest decline over 5 years | -41.81% | -35.63% | -6.18% |
Max Drawdown (10Y)Largest decline over 10 years | -86.78% | — | — |
Current DrawdownCurrent decline from peak | -99.24% | -0.05% | -99.19% |
Average DrawdownAverage peak-to-trough decline | -81.99% | -10.84% | -71.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.87% | 2.60% | +10.27% |
Volatility
SZK vs. XDQQ - Volatility Comparison
ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 8.10% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 0.40%. This indicates that SZK's price experiences larger fluctuations and is considered to be riskier than XDQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SZK | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 0.40% | +7.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.99% | 11.13% | +8.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.19% | 13.81% | +11.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.45% | 19.81% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.60% | 19.66% | +13.94% |
SZK vs. XDQQ - Expense Ratio Comparison
SZK has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Dividends
SZK vs. XDQQ - Dividend Comparison
SZK's dividend yield for the trailing twelve months is around 2.65%, while XDQQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | 2.65% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SZK and XDQQ have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SZK has higher volatility (8.10%) compared to XDQQ (0.40%). In terms of maximum drawdown, SZK dropped -99.40% vs XDQQ's -35.63%.
On 5-year performance, XDQQ leads with 8.32% vs -3.44% for SZK. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDQQ has performed better with a 8.32% return vs -3.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDQQ is cheaper with a 0.79% expense ratio, compared with 0.95% for SZK.
SZK has the higher dividend yield at 2.65%, compared with 0.00% for XDQQ.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for SZK and 0.79% for XDQQ.
XDQQ currently has the higher Sharpe Ratio (1.24 vs 0.11), 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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