USD vs. QTJL

Last updated Jun 5, 2026

USD (ProShares Ultra Semiconductors) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. USD is passively managed, while QTJL is actively managed. Over the past 3 years, USD returned 125.78%/yr vs 19.18%/yr for QTJL. Their correlation of 0.81 suggests significant overlap in exposure. USD charges 0.95%/yr vs 0.79%/yr for QTJL.

Performance

USD vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Semiconductors (USD) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USD achieves a 103.32% return, which is significantly higher than QTJL's 7.18% return.

USD

• 1D: -4.99%
• 1M: 31.62%
• YTD: 103.32%
• 6M: 97.79%
• 1Y: 250.81%
• 3Y*: 125.78%
• 5Y*: 67.80%
• 10Y*: 61.24%

QTJL

• 1D: 0.02%
• 1M: 1.08%
• YTD: 7.18%
• 6M: 7.93%
• 1Y: 20.28%
• 3Y*: 19.18%
• 5Y*: —
• 10Y*: —

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

USD vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USD ProShares Ultra Semiconductors	103.32%	62.08%	139.64%	228.79%	-68.57%	49.76%
QTJL Innovator Growth Accelerated Plus ETF - July	7.18%	21.07%	16.50%	42.39%	-30.16%	9.32%

Correlation

The correlation between USD and QTJL is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.81

The correlation between USD and QTJL shifts across timeframes, from 0.68 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

USD vs. QTJL - Sectors Allocation Comparison

Sectors	USD	QTJL
Financial Services	27.8%	0.2%
Technology	27.4%	54.2%
Energy	0.0%	0.6%
Basic Materials	-	1.2%
Communication Services	-	15.5%
Consumer Cyclical	-	12.2%
Consumer Defensive	-	7.6%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Utilities	-	1.4%

Return for Risk

USD vs. QTJL — Risk / Return Rank

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

USD

USD Risk / Return Rank: 89
USD Sharpe Ratio Rank: 96
USD Sortino Ratio Rank: 82
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 92

QTJL

QTJL Risk / Return Rank: 68
QTJL Sharpe Ratio Rank: 62
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 71
QTJL Calmar Ratio Rank: 62
QTJL Martin Ratio Rank: 82

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.

USD vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.

	USD	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	4.12	2.04	+2.08
Sortino ratio: Return per unit of downside risk	3.62	2.90	+0.72
Omega ratio: Gain probability vs. loss probability	1.48	1.41	+0.07
Calmar ratio: Return relative to maximum drawdown	7.94	3.05	+4.89
Martin ratio: Return relative to average drawdown	22.96	16.05	+6.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USD vs. QTJL - Sharpe Ratio Comparison

The current USD Sharpe Ratio is 4.12, which is higher than the QTJL Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of USD and QTJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USD	QTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.12	2.04	+2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.52	-0.04

Drawdowns

USD vs. QTJL - Drawdown Comparison

The maximum USD drawdown since its inception was -88.63%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for USD and QTJL.

Drawdown Indicators

	USD	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-88.63%	-33.40%	-55.23%
Max Drawdown (1Y) Largest decline over 1 year	-31.80%	-6.68%	-25.12%
Max Drawdown (3Y) Largest decline over 3 years	-64.46%	-22.43%	-42.03%
Max Drawdown (5Y) Largest decline over 5 years	-77.85%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.85%	—	—
Current Drawdown Current decline from peak	-6.07%	0.00%	-6.07%
Average Drawdown Average peak-to-trough decline	-32.35%	-7.93%	-24.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.98%	1.27%	+9.71%

Volatility

USD vs. QTJL - Volatility Comparison

ProShares Ultra Semiconductors (USD) has a higher volatility of 21.29% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.30%. This indicates that USD'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.

Volatility by Period

	USD	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.29%	0.30%	+20.99%
Volatility (6M) Calculated over the trailing 6-month period	46.74%	7.60%	+39.14%
Volatility (1Y) Calculated over the trailing 1-year period	61.28%	9.99%	+51.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.56%	20.42%	+56.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.24%	20.42%	+48.82%

USD vs. QTJL - Expense Ratio Comparison

USD has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.

Dividends

USD vs. QTJL - Dividend Comparison

USD's dividend yield for the trailing twelve months is around 0.23%, 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%
USD ProShares Ultra Semiconductors	0.23%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both USD and QTJL in my portfolio?

USD and QTJL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USD or QTJL?

USD has higher volatility (21.29%) compared to QTJL (0.30%). In terms of maximum drawdown, USD dropped -88.63% vs QTJL's -33.40%.

Which ETF is better, USD or QTJL?

On 3-year performance, USD leads with 125.78% vs 19.18% for QTJL. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USD or QTJL?

Over the 3-year period, USD has performed better with a 125.78% return vs 19.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USD or QTJL?

QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for USD.

Which ETF pays a higher dividend yield, USD or QTJL?

USD has the higher dividend yield at 0.23%, compared with 0.00% for QTJL.

What is the main difference between USD and QTJL?

They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for USD and 0.79% for QTJL.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (4.12 vs 2.04), 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.