UYM vs. QTJL

Last updated Jun 4, 2026

UYM (ProShares Ultra Basic Materials) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. UYM is passively managed, while QTJL is actively managed. Over the past 3 years, UYM returned 13.51%/yr vs 19.20%/yr for QTJL. A 0.55 correlation means they provide meaningful diversification when combined. UYM charges 0.95%/yr vs 0.79%/yr for QTJL.

Performance

UYM vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Basic Materials (UYM) 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, UYM achieves a 25.72% return, which is significantly higher than QTJL's 7.15% return.

UYM

• 1D: 0.51%
• 1M: 3.42%
• YTD: 25.72%
• 6M: 31.43%
• 1Y: 32.36%
• 3Y*: 13.51%
• 5Y*: 3.33%
• 10Y*: 11.91%

QTJL

• 1D: -0.01%
• 1M: 1.20%
• YTD: 7.15%
• 6M: 7.91%
• 1Y: 20.52%
• 3Y*: 19.20%
• 5Y*: —
• 10Y*: —

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

UYM vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UYM ProShares Ultra Basic Materials	25.72%	9.46%	-8.00%	17.47%	-23.10%	17.03%
QTJL Innovator Growth Accelerated Plus ETF - July	7.15%	21.07%	16.50%	42.39%	-30.16%	9.32%

Correlation

The correlation between UYM and QTJL is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.55

The correlation between UYM and QTJL shifts across timeframes, from 0.39 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

UYM vs. QTJL - Sectors Allocation Comparison

Sectors	UYM	QTJL
Basic Materials	87.6%	1.2%
Consumer Cyclical	12.4%	12.2%
Industrials	1.1%	2.8%
Communication Services	-	15.5%
Consumer Defensive	-	7.6%
Energy	-	0.6%
Financial Services	-	0.2%
Healthcare	-	4.2%
Real Estate	-	0.1%
Technology	-	54.2%
Utilities	-	1.4%

Return for Risk

UYM vs. QTJL — Risk / Return Rank

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

UYM

UYM Risk / Return Rank: 27
UYM Sharpe Ratio Rank: 27
UYM Sortino Ratio Rank: 27
UYM Omega Ratio Rank: 26
UYM Calmar Ratio Rank: 28
UYM Martin Ratio Rank: 27

QTJL

QTJL Risk / Return Rank: 68
QTJL Sharpe Ratio Rank: 62
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 70
QTJL Calmar Ratio Rank: 62
QTJL Martin Ratio Rank: 81

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.

UYM vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) 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.

	UYM	QTJL	Difference
Sharpe ratio Return per unit of total volatility	0.97	2.06	-1.10
Sortino ratio Return per unit of downside risk	1.49	2.93	-1.44
Omega ratio Gain probability vs. loss probability	1.18	1.42	-0.24
Calmar ratio Return relative to maximum drawdown	1.36	3.08	-1.72
Martin ratio Return relative to average drawdown	3.71	16.23	-12.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYM vs. QTJL - Sharpe Ratio Comparison

The current UYM Sharpe Ratio is 0.97, which is lower than the QTJL Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of UYM 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

	UYM	QTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	2.06	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.52	-0.44

Drawdowns

UYM vs. QTJL - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for UYM and QTJL.

Drawdown Indicators

	UYM	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-33.40%	-59.37%
Max Drawdown (1Y) Largest decline over 1 year	-23.85%	-6.68%	-17.17%
Max Drawdown (3Y) Largest decline over 3 years	-43.88%	-22.43%	-21.45%
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.31%	—	—
Current Drawdown Current decline from peak	-8.94%	-0.01%	-8.93%
Average Drawdown Average peak-to-trough decline	-42.11%	-7.94%	-34.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.73%	1.27%	+7.46%

Volatility

UYM vs. QTJL - Volatility Comparison

ProShares Ultra Basic Materials (UYM) has a higher volatility of 11.55% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.31%. This indicates that UYM'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

	UYM	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	0.31%	+11.24%
Volatility (6M) Calculated over the trailing 6-month period	25.84%	7.61%	+18.23%
Volatility (1Y) Calculated over the trailing 1-year period	33.71%	10.01%	+23.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.26%	20.42%	+18.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.76%	20.42%	+22.34%

UYM vs. QTJL - Expense Ratio Comparison

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

Dividends

UYM vs. QTJL - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.21%, 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%
UYM ProShares Ultra Basic Materials	1.21%	1.47%	0.98%	0.28%	0.88%	0.52%	0.56%	1.24%	0.94%	0.38%	0.55%	0.42%

Frequently Asked Questions

Can I hold both UYM and QTJL in my portfolio?

UYM and QTJL have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UYM or QTJL?

UYM has higher volatility (11.55%) compared to QTJL (0.31%). In terms of maximum drawdown, UYM dropped -92.77% vs QTJL's -33.40%.

Which ETF is better, UYM or QTJL?

On 3-year performance, QTJL leads with 19.20% vs 13.51% for UYM. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UYM or QTJL?

Over the 3-year period, QTJL has performed better with a 19.20% return vs 13.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UYM or QTJL?

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

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

UYM has the higher dividend yield at 1.21%, compared with 0.00% for QTJL.

What is the main difference between UYM and QTJL?

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

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (2.06 vs 0.97), 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.