UPV vs. XDSQ
Compare and contrast key facts about ProShares Ultra Europe (UPV) and Innovator US Equity Accelerated ETF (XDSQ).
UPV and XDSQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UPV vs. XDSQ - Performance Comparison
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UPV vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UPV ProShares Ultra Europe | -4.34% | 68.63% | -4.51% | 32.16% | -36.58% | 17.71% |
XDSQ Innovator US Equity Accelerated ETF | -4.89% | 14.22% | 23.12% | 23.00% | -16.78% | 12.75% |
Returns By Period
In the year-to-date period, UPV achieves a -4.34% return, which is significantly higher than XDSQ's -4.89% return.
UPV
- 1D
- 6.31%
- 1M
- -16.80%
- YTD
- -4.34%
- 6M
- 5.15%
- 1Y
- 33.34%
- 3Y*
- 19.59%
- 5Y*
- 8.73%
- 10Y*
- 10.05%
XDSQ
- 1D
- 2.74%
- 1M
- -6.22%
- YTD
- -4.89%
- 6M
- -0.69%
- 1Y
- 13.87%
- 3Y*
- 14.17%
- 5Y*
- —
- 10Y*
- —
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UPV vs. XDSQ - Expense Ratio Comparison
UPV has a 0.95% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Return for Risk
UPV vs. XDSQ — Risk / Return Rank
UPV
XDSQ
UPV vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Europe (UPV) 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.
| UPV | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.77 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.22 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.19 | +0.13 |
Martin ratioReturn relative to average drawdown | 4.90 | 5.87 | -0.98 |
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
| UPV | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.77 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.60 | -0.36 |
Correlation
The correlation between UPV and XDSQ is 0.70, 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
UPV vs. XDSQ - Dividend Comparison
UPV's dividend yield for the trailing twelve months is around 2.39%, while XDSQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UPV ProShares Ultra Europe | 2.39% | 2.11% | 2.70% | 1.57% | 0.00% | 0.00% | 0.00% | 0.65% | 3.80% |
XDSQ Innovator US Equity Accelerated ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UPV vs. XDSQ - Drawdown Comparison
The maximum UPV drawdown since its inception was -67.25%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for UPV and XDSQ.
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Drawdown Indicators
| UPV | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.25% | -26.06% | -41.19% |
Max Drawdown (1Y)Largest decline over 1 year | -23.41% | -12.18% | -11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -58.33% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -67.25% | — | — |
Current DrawdownCurrent decline from peak | -17.49% | -7.12% | -10.37% |
Average DrawdownAverage peak-to-trough decline | -20.97% | -5.08% | -15.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 2.47% | +3.82% |
Volatility
UPV vs. XDSQ - Volatility Comparison
ProShares Ultra Europe (UPV) has a higher volatility of 15.44% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.65%. This indicates that UPV'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
| UPV | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.44% | 5.65% | +9.79% |
Volatility (6M)Calculated over the trailing 6-month period | 21.88% | 9.60% | +12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.13% | 17.99% | +17.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.00% | 15.32% | +19.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.94% | 15.32% | +21.62% |