UBR vs. XTAP
Compare and contrast key facts about ProShares Ultra MSCI Brazil (UBR) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
UBR and XTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UBR vs. XTAP - Performance Comparison
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UBR vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 40.10% | 96.11% | -57.05% | 49.98% | 5.60% | -18.21% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, UBR achieves a 40.10% return, which is significantly higher than XTAP's 1.66% return.
UBR
- 1D
- 8.68%
- 1M
- -3.62%
- YTD
- 40.10%
- 6M
- 52.86%
- 1Y
- 114.10%
- 3Y*
- 24.81%
- 5Y*
- 8.86%
- 10Y*
- 0.17%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
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UBR vs. XTAP - Expense Ratio Comparison
UBR has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
UBR vs. XTAP — Risk / Return Rank
UBR
XTAP
UBR vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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.
| UBR | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.22 | 1.14 | +1.08 |
Sortino ratioReturn per unit of downside risk | 2.56 | 1.76 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 4.96 | 1.43 | +3.53 |
Martin ratioReturn relative to average drawdown | 12.89 | 9.78 | +3.11 |
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
| UBR | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 1.14 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | 0.69 | -0.87 |
Correlation
The correlation between UBR and XTAP is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UBR vs. XTAP - Dividend Comparison
UBR's dividend yield for the trailing twelve months is around 1.49%, while XTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 1.49% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBR vs. XTAP - Drawdown Comparison
The maximum UBR drawdown since its inception was -97.15%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for UBR and XTAP.
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Drawdown Indicators
| UBR | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.15% | -22.13% | -75.02% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -11.83% | -10.85% |
Max Drawdown (5Y)Largest decline over 5 years | -67.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -87.57% | — | — |
Current DrawdownCurrent decline from peak | -91.12% | 0.00% | -91.12% |
Average DrawdownAverage peak-to-trough decline | -77.76% | -3.57% | -74.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.72% | 1.73% | +6.99% |
Volatility
UBR vs. XTAP - Volatility Comparison
ProShares Ultra MSCI Brazil (UBR) has a higher volatility of 24.50% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that UBR's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBR | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.50% | 0.77% | +23.73% |
Volatility (6M)Calculated over the trailing 6-month period | 39.53% | 2.52% | +37.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.72% | 14.33% | +37.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.89% | 14.60% | +41.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.16% | 14.60% | +52.56% |