UPW vs. XDQQ
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Innovator Growth Accelerated ETF - Quarterly (XDQQ).
UPW and XDQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. XDQQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UPW vs. XDQQ - Performance Comparison
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UPW vs. XDQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 15.87% | 23.61% | 37.67% | -22.37% | -4.59% | 26.52% |
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, UPW achieves a 15.87% return, which is significantly higher than XDQQ's -5.48% return.
UPW
- 1D
- 1.28%
- 1M
- -4.45%
- YTD
- 15.87%
- 6M
- 8.55%
- 1Y
- 32.00%
- 3Y*
- 18.77%
- 5Y*
- 13.07%
- 10Y*
- 11.32%
XDQQ
- 1D
- 1.03%
- 1M
- -5.50%
- YTD
- -5.48%
- 6M
- -1.65%
- 1Y
- 16.74%
- 3Y*
- 17.89%
- 5Y*
- —
- 10Y*
- —
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UPW vs. XDQQ - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is higher than XDQQ's 0.79% expense ratio.
Return for Risk
UPW vs. XDQQ — Risk / Return Rank
UPW
XDQQ
UPW vs. XDQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
| UPW | XDQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.78 | +0.24 |
Sortino ratioReturn per unit of downside risk | 1.45 | 1.27 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 1.38 | +0.34 |
Martin ratioReturn relative to average drawdown | 4.02 | 6.03 | -2.01 |
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
| UPW | XDQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.78 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.38 | -0.11 |
Correlation
The correlation between UPW and XDQQ is 0.25, 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
UPW vs. XDQQ - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.38%, while XDQQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.38% | 1.67% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 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
UPW vs. XDQQ - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than XDQQ's maximum drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for UPW and XDQQ.
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Drawdown Indicators
| UPW | XDQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -35.63% | -42.12% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -12.64% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -62.67% | — | — |
Current DrawdownCurrent decline from peak | -6.02% | -7.84% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -11.14% | -11.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | 2.88% | +5.22% |
Volatility
UPW vs. XDQQ - Volatility Comparison
ProShares Ultra Utilities (UPW) has a higher volatility of 10.24% compared to Innovator Growth Accelerated ETF - Quarterly (XDQQ) at 7.13%. This indicates that UPW'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.
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Volatility by Period
| UPW | XDQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 7.13% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 20.96% | 12.80% | +8.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.40% | 21.42% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.12% | 19.95% | +14.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.06% | 19.95% | +17.11% |