UWM vs. XTAP
Compare and contrast key facts about ProShares Ultra Russell2000 (UWM) and Innovator U.S. Equity Accelerated Plus ETF (XTAP).
UWM and XTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Performance
UWM vs. XTAP - Performance Comparison
Loading graphics...
UWM vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | -0.59% | 13.59% | 11.32% | 22.62% | -43.69% | -3.26% |
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, UWM achieves a -0.59% return, which is significantly lower than XTAP's 1.66% return.
UWM
- 1D
- 7.02%
- 1M
- -10.65%
- YTD
- -0.59%
- 6M
- 1.22%
- 1Y
- 40.99%
- 3Y*
- 14.68%
- 5Y*
- -3.44%
- 10Y*
- 9.88%
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UWM vs. XTAP - Expense Ratio Comparison
UWM has a 0.95% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Return for Risk
UWM vs. XTAP — Risk / Return Rank
UWM
XTAP
UWM vs. XTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) 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.
| UWM | XTAP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.14 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.46 | 1.76 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.44 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.43 | +0.07 |
Martin ratioReturn relative to average drawdown | 5.12 | 9.78 | -4.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| UWM | XTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.14 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.69 | -0.57 |
Correlation
The correlation between UWM and XTAP is 0.76, 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
UWM vs. XTAP - Dividend Comparison
UWM's dividend yield for the trailing twelve months is around 1.04%, while XTAP has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 1.04% | 1.05% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.27% | 0.23% |
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
UWM vs. XTAP - Drawdown Comparison
The maximum UWM drawdown since its inception was -88.21%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for UWM and XTAP.
Loading graphics...
Drawdown Indicators
| UWM | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.21% | -22.13% | -66.08% |
Max Drawdown (1Y)Largest decline over 1 year | -26.48% | -11.83% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -61.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.46% | — | — |
Current DrawdownCurrent decline from peak | -27.29% | 0.00% | -27.29% |
Average DrawdownAverage peak-to-trough decline | -31.07% | -3.57% | -27.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.76% | 1.73% | +6.03% |
Volatility
UWM vs. XTAP - Volatility Comparison
ProShares Ultra Russell2000 (UWM) has a higher volatility of 14.81% compared to Innovator U.S. Equity Accelerated Plus ETF (XTAP) at 0.77%. This indicates that UWM'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.
Loading graphics...
Volatility by Period
| UWM | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.81% | 0.77% | +14.04% |
Volatility (6M)Calculated over the trailing 6-month period | 28.72% | 2.52% | +26.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.23% | 14.33% | +31.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.05% | 14.60% | +30.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.00% | 14.60% | +31.40% |