UYG vs. XDSQ

Last updated Jun 5, 2026

UYG (ProShares Ultra Financials) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. UYG is passively managed, while XDSQ is actively managed. Over the past 5 years, UYG returned 9.24%/yr vs 9.81%/yr for XDSQ. A 0.73 correlation means they provide meaningful diversification when combined. UYG charges 0.95%/yr vs 0.79%/yr for XDSQ.

Performance

UYG vs. XDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Financials (UYG) and Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UYG achieves a -11.64% return, which is significantly lower than XDSQ's 2.84% return.

UYG

• 1D: 5.26%
• 1M: 1.69%
• YTD: -11.64%
• 6M: -7.39%
• 1Y: 0.42%
• 3Y*: 28.93%
• 5Y*: 9.24%
• 10Y*: 16.31%

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)

UYG vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UYG ProShares Ultra Financials	-11.64%	19.77%	55.71%	22.14%	-32.11%	37.14%
XDSQ Innovator US Equity Accelerated ETF	2.84%	14.22%	23.12%	23.00%	-16.78%	12.75%

Correlation

The correlation between UYG and XDSQ is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021	0.73

The correlation between UYG and XDSQ shifts across timeframes, from 0.61 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

UYG vs. XDSQ - Sectors Allocation Comparison

Sectors	UYG	XDSQ
Financial Services	98.0%	11.6%
Technology	1.7%	35.7%
Industrials	0.2%	8.3%
Basic Materials	-	1.8%
Communication Services	-	11.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Real Estate	-	1.9%
Utilities	-	2.4%

Return for Risk

UYG vs. XDSQ — 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: 9
UYG Sortino Ratio Rank: 10
UYG Omega Ratio Rank: 10
UYG Calmar Ratio Rank: 9
UYG Martin Ratio Rank: 9

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.

UYG vs. XDSQ - Risk-Adjusted Trends Comparison

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

	UYG	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	0.01	1.53	-1.52
Sortino ratio: Return per unit of downside risk	0.22	2.11	-1.89
Omega ratio: Gain probability vs. loss probability	1.03	1.32	-0.29
Calmar ratio: Return relative to maximum drawdown	0.01	1.68	-1.67
Martin ratio: Return relative to average drawdown	0.04	8.02	-7.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYG vs. XDSQ - Sharpe Ratio Comparison

The current UYG Sharpe Ratio is 0.01, which is lower than the XDSQ Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of UYG and XDSQ, 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

	UYG	XDSQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.01	1.53	-1.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.65	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.69	-0.70

Drawdowns

UYG vs. XDSQ - Drawdown Comparison

The maximum UYG drawdown since its inception was -97.90%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for UYG and XDSQ.

Drawdown Indicators

	UYG	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-97.90%	-26.06%	-71.84%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-9.60%	-19.31%
Max Drawdown (3Y) Largest decline over 3 years	-30.35%	-19.15%	-11.20%
Max Drawdown (5Y) Largest decline over 5 years	-47.77%	-26.06%	-21.71%
Max Drawdown (10Y) Largest decline over 10 years	-69.98%	—	—
Current Drawdown Current decline from peak	-16.55%	0.00%	-16.55%
Average Drawdown Average peak-to-trough decline	-63.36%	-4.96%	-58.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.92%	2.01%	+9.91%

Volatility

UYG vs. XDSQ - Volatility Comparison

ProShares Ultra Financials (UYG) has a higher volatility of 8.39% compared to Innovator US Equity Accelerated ETF (XDSQ) at 0.53%. This indicates that UYG's price experiences larger fluctuations and is considered to be riskier than XDSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UYG	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.39%	0.53%	+7.86%
Volatility (6M) Calculated over the trailing 6-month period	22.49%	8.39%	+14.10%
Volatility (1Y) Calculated over the trailing 1-year period	29.32%	10.54%	+18.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.21%	15.27%	+20.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.06%	15.09%	+25.97%

UYG vs. XDSQ - Expense Ratio Comparison

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

Dividends

UYG vs. XDSQ - Dividend Comparison

UYG's dividend yield for the trailing twelve months is around 13.22%, while XDSQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UYG ProShares Ultra Financials	13.22%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%
XDSQ Innovator US Equity Accelerated 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%

Frequently Asked Questions

Can I hold both UYG and XDSQ in my portfolio?

UYG and XDSQ have a correlation of 0.61, 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 XDSQ?

UYG has higher volatility (8.39%) compared to XDSQ (0.53%). In terms of maximum drawdown, UYG dropped -97.90% vs XDSQ's -26.06%.

Which ETF is better, UYG or XDSQ?

On 5-year performance, XDSQ leads with 9.81% vs 9.24% for UYG. On fees, XDSQ is cheaper at 0.79% per year. On volatility, XDSQ has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UYG or XDSQ?

Over the 5-year period, XDSQ has performed better with a 9.81% return vs 9.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UYG or XDSQ?

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

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

UYG has the higher dividend yield at 13.22%, compared with 0.00% for XDSQ.

What is the main difference between UYG and XDSQ?

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

Which has better risk-adjusted returns?

XDSQ currently has the higher Sharpe Ratio (1.53 vs 0.01), 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.