UCYB vs. XDQQ

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares Ultra Nasdaq Cybersecurity (UCYB) and Innovator Growth Accelerated ETF - Quarterly (XDQQ).

UCYB and XDQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCYB is a passively managed fund by ProShares that tracks the performance of the Nasdaq CTA Cybersecurity Index (200%). It was launched on Jan 19, 2021. XDQQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.

Performance

UCYB vs. XDQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Cybersecurity (UCYB) and Innovator Growth Accelerated ETF - Quarterly (XDQQ). The values are adjusted to include any dividend payments, if applicable.

UCYB vs. XDQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UCYB ProShares Ultra Nasdaq Cybersecurity	-24.17%	9.41%	28.84%	68.85%	-55.15%	53.14%
XDQQ Innovator Growth Accelerated ETF - Quarterly	-5.48%	13.75%	31.47%	30.15%	-33.74%	18.29%

Returns By Period

In the year-to-date period, UCYB achieves a -24.17% return, which is significantly lower than XDQQ's -5.48% return.

UCYB

• 1D: 1.61%
• 1M: -1.50%
• YTD: -24.17%
• 6M: -35.38%
• 1Y: -12.71%
• 3Y*: 15.46%
• 5Y*: 4.39%
• 10Y*: —

XDQQ

• 1D: 1.03%
• 1M: -5.50%
• YTD: -5.48%
• 6M: -1.65%
• 1Y: 16.74%
• 3Y*: 17.89%
• 5Y*: —
• 10Y*: —

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

UCYB vs. XDQQ - Expense Ratio Comparison

UCYB has a 0.97% expense ratio, which is higher than XDQQ's 0.79% expense ratio.

UCYB

ProShares Ultra Nasdaq Cybersecurity

XDQQ

Innovator Growth Accelerated ETF - Quarterly

Return for Risk

UCYB vs. XDQQ — Risk / Return Rank

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

UCYB

UCYB Risk / Return Rank: 8
UCYB Sharpe Ratio Rank: 7
UCYB Sortino Ratio Rank: 9
UCYB Omega Ratio Rank: 9
UCYB Calmar Ratio Rank: 8
UCYB Martin Ratio Rank: 7

XDQQ

XDQQ Risk / Return Rank: 48
XDQQ Sharpe Ratio Rank: 39
XDQQ Sortino Ratio Rank: 43
XDQQ Omega Ratio Rank: 50
XDQQ Calmar Ratio Rank: 49
XDQQ Martin Ratio Rank: 57

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.

UCYB vs. XDQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) 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.

	UCYB	XDQQ	Difference
Sharpe ratio Return per unit of total volatility	-0.26	0.78	-1.05
Sortino ratio Return per unit of downside risk	-0.05	1.27	-1.32
Omega ratio Gain probability vs. loss probability	0.99	1.20	-0.20
Calmar ratio Return relative to maximum drawdown	-0.26	1.38	-1.64
Martin ratio Return relative to average drawdown	-0.67	6.03	-6.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCYB vs. XDQQ - Sharpe Ratio Comparison

The current UCYB Sharpe Ratio is -0.26, which is lower than the XDQQ Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of UCYB and XDQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UCYB	XDQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	0.78	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.38	-0.36

Correlation

The correlation between UCYB and XDQQ is 0.72, 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

UCYB vs. XDQQ - Dividend Comparison

UCYB's dividend yield for the trailing twelve months is around 2.86%, while XDQQ has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
UCYB ProShares Ultra Nasdaq Cybersecurity	2.86%	1.90%	2.16%	0.56%	0.00%	0.91%
XDQQ Innovator Growth Accelerated ETF - Quarterly	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

UCYB vs. XDQQ - Drawdown Comparison

The maximum UCYB drawdown since its inception was -62.69%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for UCYB and XDQQ.

Drawdown Indicators

	UCYB	XDQQ	Difference
Max Drawdown Largest peak-to-trough decline	-62.69%	-35.63%	-27.06%
Max Drawdown (1Y) Largest decline over 1 year	-42.54%	-12.64%	-29.90%
Max Drawdown (5Y) Largest decline over 5 years	-62.69%	—	—
Current Drawdown Current decline from peak	-37.91%	-7.84%	-30.07%
Average Drawdown Average peak-to-trough decline	-27.72%	-11.14%	-16.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.66%	2.88%	+13.78%

Volatility

UCYB vs. XDQQ - Volatility Comparison

ProShares Ultra Nasdaq Cybersecurity (UCYB) has a higher volatility of 14.49% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.13%. This indicates that UCYB'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.

Volatility by Period

	UCYB	XDQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.49%	7.13%	+7.36%
Volatility (6M) Calculated over the trailing 6-month period	33.19%	12.80%	+20.39%
Volatility (1Y) Calculated over the trailing 1-year period	48.93%	21.42%	+27.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.30%	19.95%	+28.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.51%	19.95%	+28.56%