UDOW vs. XTAP
Compare and contrast key facts about ProShares UltraPro Dow30 (UDOW) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
UDOW and XTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UDOW is a passively managed fund by ProShares that tracks the performance of the Dow Jones Industrial Average (300%). It was launched on Feb 9, 2010. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UDOW vs. XTAP - Performance Comparison
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UDOW vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | -13.10% | 24.46% | 28.47% | 32.72% | -32.39% | 30.60% |
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, UDOW achieves a -13.10% return, which is significantly lower than XTAP's 1.66% return.
UDOW
- 1D
- 7.38%
- 1M
- -16.17%
- YTD
- -13.10%
- 6M
- -5.67%
- 1Y
- 16.04%
- 3Y*
- 23.31%
- 5Y*
- 10.24%
- 10Y*
- 20.30%
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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UDOW vs. XTAP - Expense Ratio Comparison
UDOW has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
UDOW vs. XTAP — Risk / Return Rank
UDOW
XTAP
UDOW vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Dow30 (UDOW) 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.
| UDOW | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.32 | 1.14 | -0.82 |
Sortino ratioReturn per unit of downside risk | 0.81 | 1.76 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.44 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.43 | -0.78 |
Martin ratioReturn relative to average drawdown | 2.13 | 9.78 | -7.65 |
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
| UDOW | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.32 | 1.14 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.69 | -0.19 |
Correlation
The correlation between UDOW and XTAP is 0.81, 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
UDOW vs. XTAP - Dividend Comparison
UDOW's dividend yield for the trailing twelve months is around 1.56%, while XTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDOW ProShares UltraPro Dow30 | 1.56% | 1.38% | 0.95% | 0.95% | 0.83% | 0.26% | 0.19% | 0.61% | 0.73% | 0.13% | 0.26% | 0.21% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
UDOW vs. XTAP - Drawdown Comparison
The maximum UDOW drawdown since its inception was -80.29%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for UDOW and XTAP.
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Drawdown Indicators
| UDOW | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.29% | -22.13% | -58.16% |
Max Drawdown (1Y)Largest decline over 1 year | -30.18% | -11.83% | -18.35% |
Max Drawdown (5Y)Largest decline over 5 years | -55.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -80.29% | — | — |
Current DrawdownCurrent decline from peak | -22.46% | 0.00% | -22.46% |
Average DrawdownAverage peak-to-trough decline | -14.46% | -3.57% | -10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.21% | 1.73% | +7.48% |
Volatility
UDOW vs. XTAP - Volatility Comparison
ProShares UltraPro Dow30 (UDOW) has a higher volatility of 14.74% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that UDOW'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
| UDOW | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.74% | 0.77% | +13.97% |
Volatility (6M)Calculated over the trailing 6-month period | 27.64% | 2.52% | +25.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.20% | 14.33% | +35.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.05% | 14.60% | +29.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.68% | 14.60% | +37.08% |