TQQQ vs. XDSQ
Compare and contrast key facts about ProShares UltraPro QQQ (TQQQ) and Innovator US Equity Accelerated ETF (XDSQ).
TQQQ and XDSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
TQQQ vs. XDSQ - Performance Comparison
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TQQQ vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 73.44% |
XDSQ Innovator US Equity Accelerated ETF | -4.22% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Returns By Period
In the year-to-date period, TQQQ achieves a -17.87% return, which is significantly lower than XDSQ's -4.22% return.
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
XDSQ
- 1D
- 0.71%
- 1M
- -5.75%
- YTD
- -4.22%
- 6M
- -0.33%
- 1Y
- 14.44%
- 3Y*
- 14.44%
- 5Y*
- —
- 10Y*
- —
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TQQQ vs. XDSQ - Expense Ratio Comparison
TQQQ has a 0.95% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Return for Risk
TQQQ vs. XDSQ — Risk / Return Rank
TQQQ
XDSQ
TQQQ vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro QQQ (TQQQ) 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.
| TQQQ | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.81 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.27 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.21 | +0.20 |
Martin ratioReturn relative to average drawdown | 4.28 | 5.87 | -1.58 |
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
| TQQQ | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.81 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.61 | +0.04 |
Correlation
The correlation between TQQQ and XDSQ is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TQQQ vs. XDSQ - Dividend Comparison
TQQQ's dividend yield for the trailing twelve months is around 0.73%, while XDSQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TQQQ vs. XDSQ - Drawdown Comparison
The maximum TQQQ drawdown since its inception was -81.66%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for TQQQ and XDSQ.
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Drawdown Indicators
| TQQQ | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.66% | -26.06% | -55.60% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -12.18% | -24.79% |
Max Drawdown (5Y)Largest decline over 5 years | -81.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -81.66% | — | — |
Current DrawdownCurrent decline from peak | -28.08% | -6.46% | -21.62% |
Average DrawdownAverage peak-to-trough decline | -18.66% | -5.08% | -13.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.13% | 2.50% | +9.63% |
Volatility
TQQQ vs. XDSQ - Volatility Comparison
ProShares UltraPro QQQ (TQQQ) has a higher volatility of 19.74% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.68%. This indicates that TQQQ's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TQQQ | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.74% | 5.68% | +14.06% |
Volatility (6M)Calculated over the trailing 6-month period | 38.50% | 9.63% | +28.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.35% | 17.99% | +49.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.53% | 15.32% | +51.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 65.83% | 15.32% | +50.51% |