UGE vs. QTJL
UGE (ProShares Ultra Consumer Goods) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. UGE is passively managed, while QTJL is actively managed. Over the past 5 years, UGE returned -2.42%/yr vs 9.58%/yr for QTJL. Their 0.43 correlation means their historical movements had little consistent relationship. UGE charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
UGE vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, UGE achieves a 17.97% return, which is significantly higher than QTJL's 6.39% return.
UGE
- 1D
- 1.09%
- 1M
- 0.41%
- 6M
- -2.98%
- YTD
- 17.97%
- 1Y
- 9.97%
- 3Y*
- 6.30%
- 5Y*
- -2.42%
- 10Y*
- 8.02%
- ALL TIME*
- 11.27%
QTJL
- 1D
- 2.27%
- 1M
- 1.69%
- 6M
- 5.92%
- YTD
- 6.39%
- 1Y
- 14.46%
- 3Y*
- 18.28%
- 5Y*
- 9.58%
- 10Y*
- —
- ALL TIME*
- 10.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $269.84K | $352.41K | $212.93K | |
| $1.04M | $851.07K | $1.08M |
UGE vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 17.97% | -5.21% | 16.40% | 2.38% | -46.78% | 27.50% |
QTJL Innovator Growth Accelerated Plus ETF - July | 6.39% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between UGE and QTJL is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.43 |
The correlation between UGE and QTJL shifts across timeframes, from -0.16 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UGE vs. QTJL — Risk / Return Rank
UGE
QTJL
UGE vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UGE | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.25 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.71 | -1.18 |
| Martin ratioReturn relative to average drawdown | 0.86 | 8.34 | -7.47 |
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Drawdowns
UGE vs. QTJL - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for UGE and QTJL.
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Drawdown Indicators
| UGE | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -33.40% | -37.96% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -8.48% | -10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | -22.43% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -33.40% | -23.15% |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | — | — |
Current DrawdownCurrent decline from peak | -33.35% | -1.06% | -32.29% |
Average DrawdownAverage peak-to-trough decline | -18.86% | -7.74% | -11.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.59% | 1.74% | +9.85% |
Volatility
UGE vs. QTJL - Volatility Comparison
ProShares Ultra Consumer Goods (UGE) has a higher volatility of 11.70% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.74%. This indicates that UGE's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGE | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.70% | 6.74% | +4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 9.96% | +13.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.29% | 11.92% | +16.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 20.47% | +11.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.26% | 20.32% | +12.94% |
UGE vs. QTJL - Expense Ratio Comparison
UGE has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
UGE vs. QTJL - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.07%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UGE ProShares Ultra Consumer Goods | 2.07% | 2.54% | 1.43% | 1.20% | 0.74% | 0.20% | 0.41% | 0.86% | 0.76% | 0.68% | 0.76% | 0.60% |
Frequently Asked Questions
UGE and QTJL have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGE has higher volatility (11.70%) compared to QTJL (6.74%). In terms of maximum drawdown, UGE dropped -71.36% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.58% vs -2.42% for UGE. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.58% return vs -2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for UGE.
UGE has the higher dividend yield at 2.07%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for UGE and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.23 vs 0.35), 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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