USAX vs. XDSQ

Last updated Jun 5, 2026

USAX (Tradr 2X Long USAR Daily ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. USAX is passively managed, while XDSQ is actively managed. At a 0.37 correlation, their price movements are largely independent. USAX charges 1.49%/yr vs 0.79%/yr for XDSQ.

Performance

USAX vs. XDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long USAR Daily ETF (USAX) and Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USAX

• 1D: -5.13%
• 1M: -10.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDSQ

• 1D: 0.04%
• 1M: 1.36%
• YTD: 2.84%
• 6M: 3.73%
• 1Y: 16.08%
• 3Y*: 15.08%
• 5Y*: 9.81%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USAX vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)
USAX Tradr 2X Long USAR Daily ETF	53.72%
XDSQ Innovator US Equity Accelerated ETF	1.32%

Correlation

The correlation between USAX and XDSQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026	0.37

Return for Risk

USAX vs. XDSQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDSQ

XDSQ Risk / Return Rank: 45
XDSQ Sharpe Ratio Rank: 44
XDSQ Sortino Ratio Rank: 42
XDSQ Omega Ratio Rank: 52
XDSQ Calmar Ratio Rank: 35
XDSQ Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USAX vs. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long USAR Daily ETF (USAX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	USAX	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.69	+0.22

Drawdowns

USAX vs. XDSQ - Drawdown Comparison

The maximum USAX drawdown since its inception was -77.92%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for USAX and XDSQ.

Drawdown Indicators

	USAX	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-77.92%	-26.06%	-51.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-35.79%	0.00%	-35.79%
Average Drawdown Average peak-to-trough decline	-45.74%	-4.96%	-40.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	USAX	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	222.68%	10.54%	+212.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	222.68%	15.27%	+207.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	222.68%	15.09%	+207.59%

USAX vs. XDSQ - Expense Ratio Comparison

USAX has a 1.49% expense ratio, which is higher than XDSQ's 0.79% expense ratio.

Dividends

USAX vs. XDSQ - Dividend Comparison

Neither USAX nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USAX and XDSQ in my portfolio?

USAX and XDSQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USAX or XDSQ?

On fees, XDSQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USAX or XDSQ?

XDSQ is cheaper with a 0.79% expense ratio, compared with 1.49% for USAX.

Which ETF pays a higher dividend yield, USAX or XDSQ?

USAX and XDSQ have nearly identical dividend yields, around 0.00%.

What is the main difference between USAX and XDSQ?

They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.49% for USAX and 0.79% for XDSQ.