UYG vs. QTJL

Last updated Jun 28, 2026

UYG (ProShares Ultra Financials) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. UYG is passively managed, while QTJL is actively managed. Over the past 3 years, UYG returned 30.40%/yr vs 18.98%/yr for QTJL. A 0.60 correlation means they provide meaningful diversification when combined. UYG charges 0.95%/yr vs 0.79%/yr for QTJL.

Performance

UYG vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Financials (UYG) 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, UYG achieves a -6.60% return, which is significantly lower than QTJL's 7.44% return.

UYG

• 1D: 0.38%
• 1M: 9.36%
• YTD: -6.60%
• 6M: -9.22%
• 1Y: 1.43%
• 3Y*: 30.40%
• 5Y*: 11.29%
• 10Y*: 18.50%

QTJL

• 1D: 0.03%
• 1M: 0.45%
• YTD: 7.44%
• 6M: 6.79%
• 1Y: 18.36%
• 3Y*: 18.98%
• 5Y*: —
• 10Y*: —

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

UYG vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UYG ProShares Ultra Financials	-6.60%	19.77%	55.71%	22.14%	-32.11%	20.59%
QTJL Innovator Growth Accelerated Plus ETF - July	7.44%	21.07%	16.50%	42.39%	-30.16%	9.36%

Correlation

The correlation between UYG and QTJL is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.60

The correlation between UYG and QTJL shifts across timeframes, from 0.44 (1 year) to 0.60 (all time), reflecting how their relationship changes across market environments.

UYG vs. QTJL - Sectors Allocation Comparison

Sectors	UYG	QTJL
Financial Services	98.0%	0.2%
Technology	1.8%	58.0%
Industrials	0.2%	2.6%
Basic Materials	-	1.0%
Communication Services	-	14.5%
Consumer Cyclical	-	11.6%
Consumer Defensive	-	6.6%
Energy	-	0.5%
Healthcare	-	3.7%
Real Estate	-	0.1%
Utilities	-	1.2%

Return for Risk

UYG vs. QTJL — Risk / Return Rank

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

UYG

UYG Risk / Return Rank: 10
UYG Sharpe Ratio Rank: 10
UYG Sortino Ratio Rank: 10
UYG Omega Ratio Rank: 10
UYG Calmar Ratio Rank: 10
UYG Martin Ratio Rank: 10

QTJL

QTJL Risk / Return Rank: 72
QTJL Sharpe Ratio Rank: 66
QTJL Sortino Ratio Rank: 68
QTJL Omega Ratio Rank: 76
QTJL Calmar Ratio Rank: 65
QTJL Martin Ratio Rank: 83

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.

UYG vs. QTJL - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UYG	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	0.06	1.88	-1.81
Sortino ratio: Return per unit of downside risk	0.28	2.68	-2.40
Omega ratio: Gain probability vs. loss probability	1.03	1.39	-0.35
Calmar ratio: Return relative to maximum drawdown	0.06	2.77	-2.70
Martin ratio: Return relative to average drawdown	0.15	14.59	-14.44

UYG vs. QTJL - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is 0.06, which is lower than the QTJL Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of UYG 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.

Drawdowns

UYG vs. QTJL - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for UYG and QTJL.

Drawdown Indicators

	UYG	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-33.40%	-64.50%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-6.68%	-22.23%
Max Drawdown (3Y) Largest decline over 3 years	-30.35%	-22.43%	-7.92%
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	—	—
Current Drawdown Current decline from peak	-11.79%	0.00%	-11.79%
Average Drawdown Average peak-to-trough decline	-63.19%	-7.83%	-55.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.34%	1.27%	+11.07%

Volatility

UYG vs. QTJL - Volatility Comparison

ProShares Ultra Financials (UYG) has a higher volatility of 7.98% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.59%. This indicates that UYG'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

	UYG	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.98%	0.59%	+7.39%
Volatility (6M) Calculated over the trailing 6-month period	22.38%	7.37%	+15.01%
Volatility (1Y) Calculated over the trailing 1-year period	28.93%	9.86%	+19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.12%	20.29%	+15.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.90%	20.29%	+20.61%

UYG vs. QTJL - Expense Ratio Comparison

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

Dividends

UYG vs. QTJL - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 12.50%, 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%
UYG ProShares Ultra Financials	12.50%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%

Frequently Asked Questions

Can I hold both UYG and QTJL in my portfolio?

UYG and QTJL have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UYG or QTJL?

UYG has higher volatility (7.98%) compared to QTJL (0.59%). In terms of maximum drawdown, UYG dropped -97.90% vs QTJL's -33.40%.

Which ETF is better, UYG or QTJL?

On 3-year performance, UYG leads with 30.40% vs 18.98% for QTJL. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UYG or QTJL?

Over the 3-year period, UYG has performed better with a 30.40% return vs 18.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UYG or QTJL?

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

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

UYG has the higher dividend yield at 12.50%, compared with 0.00% for QTJL.

What is the main difference between UYG and QTJL?

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

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.88 vs 0.06), 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.