USD vs. XTAP
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
USD and XTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
USD vs. XTAP - Performance Comparison
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USD vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | -8.58% | 62.08% | 139.64% | 228.79% | -68.57% | 65.50% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
Returns By Period
In the year-to-date period, USD achieves a -8.58% return, which is significantly lower than XTAP's 1.66% return.
USD
- 1D
- 11.02%
- 1M
- -9.17%
- YTD
- -8.58%
- 6M
- -2.89%
- 1Y
- 138.91%
- 3Y*
- 88.40%
- 5Y*
- 43.45%
- 10Y*
- 50.02%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
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USD vs. XTAP - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
USD vs. XTAP — Risk / Return Rank
USD
XTAP
USD vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and Innovator U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.81 | 1.14 | +0.67 |
Sortino ratioReturn per unit of downside risk | 2.38 | 1.76 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 1.43 | +2.85 |
Martin ratioReturn relative to average drawdown | 11.82 | 9.78 | +2.04 |
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
| USD | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.14 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.69 | -0.28 |
Correlation
The correlation between USD and XTAP is 0.72, 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
USD vs. XTAP - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.50%, while XTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.50% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
XTAP Innovator U.S. Equity Accelerated Plus 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
USD vs. XTAP - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for USD and XTAP.
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Drawdown Indicators
| USD | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -22.13% | -66.50% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -11.83% | -19.97% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | — | — |
Current DrawdownCurrent decline from peak | -24.29% | 0.00% | -24.29% |
Average DrawdownAverage peak-to-trough decline | -32.60% | -3.57% | -29.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 1.73% | +9.79% |
Volatility
USD vs. XTAP - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 21.84% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than XTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.84% | 0.77% | +21.07% |
Volatility (6M)Calculated over the trailing 6-month period | 48.69% | 2.52% | +46.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.02% | 14.33% | +62.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.28% | 14.60% | +61.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.85% | 14.60% | +54.25% |