UPW vs. XDSQ
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Innovator US Equity Accelerated ETF (XDSQ).
UPW and XDSQ 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. XDSQ is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UPW vs. XDSQ - Performance Comparison
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UPW vs. XDSQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 14.41% | 23.61% | 37.67% | -22.37% | -4.59% | 26.52% |
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, UPW achieves a 14.41% return, which is significantly higher than XDSQ's -4.89% return.
UPW
- 1D
- -0.37%
- 1M
- -7.21%
- YTD
- 14.41%
- 6M
- 9.25%
- 1Y
- 30.87%
- 3Y*
- 18.27%
- 5Y*
- 12.78%
- 10Y*
- 11.18%
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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UPW vs. XDSQ - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is higher than XDSQ's 0.79% expense ratio.
Return for Risk
UPW vs. XDSQ — Risk / Return Rank
UPW
XDSQ
UPW vs. XDSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
| UPW | XDSQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.77 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.22 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.19 | +0.59 |
Martin ratioReturn relative to average drawdown | 4.17 | 5.87 | -1.71 |
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 | XDSQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.77 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.60 | -0.33 |
Correlation
The correlation between UPW and XDSQ is 0.36, 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. XDSQ - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.40%, while XDSQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.40% | 1.67% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% |
XDSQ Innovator US Equity Accelerated 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
UPW vs. XDSQ - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for UPW and XDSQ.
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Drawdown Indicators
| UPW | XDSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -26.06% | -51.69% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -12.18% | -6.75% |
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 | -7.21% | -7.12% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -5.08% | -17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 2.47% | +5.62% |
Volatility
UPW vs. XDSQ - Volatility Comparison
ProShares Ultra Utilities (UPW) has a higher volatility of 10.16% compared to Innovator US Equity Accelerated ETF (XDSQ) at 5.65%. This indicates that UPW'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
| UPW | XDSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 5.65% | +4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.93% | 9.60% | +11.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.45% | 17.99% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.11% | 15.32% | +18.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.07% | 15.32% | +21.75% |