XDQQ vs. BZQ
XDQQ (Innovator Growth Accelerated ETF - Quarterly) and BZQ (ProShares UltraShort MSCI Brazil Capped) are both Leveraged Equities funds. XDQQ is actively managed, while BZQ is passively managed. Over the past 5 years, XDQQ returned 7.30%/yr vs -24.17%/yr for BZQ. At a correlation of -0.33, they often move in opposite directions. XDQQ charges 0.79%/yr vs 0.95%/yr for BZQ.
Performance
XDQQ vs. BZQ - Performance Comparison
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Returns By Period
In the year-to-date period, XDQQ achieves a 1.47% return, which is significantly higher than BZQ's -29.72% return.
XDQQ
- 1D
- 1.09%
- 1M
- -1.14%
- 6M
- 0.05%
- YTD
- 1.47%
- 1Y
- 13.89%
- 3Y*
- 16.26%
- 5Y*
- 7.30%
- 10Y*
- —
BZQ
- 1D
- -3.85%
- 1M
- -7.65%
- 6M
- -26.04%
- YTD
- -29.72%
- 1Y
- -52.65%
- 3Y*
- -23.17%
- 5Y*
- -24.17%
- 10Y*
- -35.04%
XDQQ vs. BZQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDQQ Innovator Growth Accelerated ETF - Quarterly | 1.47% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
BZQ ProShares UltraShort MSCI Brazil Capped | -29.72% | -57.90% | 98.84% | -49.11% | -44.20% | -3.73% |
Correlation
The correlation between XDQQ and BZQ is -0.50, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.33 |
The correlation between XDQQ and BZQ shifts across timeframes, from -0.50 (1 year) to -0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XDQQ vs. BZQ — Risk / Return Rank
XDQQ
BZQ
XDQQ vs. BZQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) and ProShares UltraShort MSCI Brazil Capped (BZQ). 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.
| XDQQ | BZQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.81 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.81 | +1.99 |
| Martin ratioReturn relative to average drawdown | 5.29 | -1.22 | +6.51 |
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Drawdowns
XDQQ vs. BZQ - Drawdown Comparison
The maximum XDQQ drawdown since its inception was -35.63%, smaller than the maximum BZQ drawdown of -99.82%. Use the drawdown chart below to compare losses from any high point for XDQQ and BZQ.
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Drawdown Indicators
| XDQQ | BZQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -99.82% | +64.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -65.20% | +53.36% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -77.31% | +54.14% |
Max Drawdown (5Y)Largest decline over 5 years | -35.63% | -88.65% | +53.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.96% | — |
Current DrawdownCurrent decline from peak | -1.48% | -99.77% | +98.29% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -84.61% | +73.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 43.21% | -40.58% |
Volatility
XDQQ vs. BZQ - Volatility Comparison
The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 4.15%, while ProShares UltraShort MSCI Brazil Capped (BZQ) has a volatility of 11.39%. This indicates that XDQQ experiences smaller price fluctuations and is considered to be less risky than BZQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDQQ | BZQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 11.39% | -7.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 39.84% | -29.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 49.87% | -35.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 55.14% | -35.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 66.58% | -47.05% |
XDQQ vs. BZQ - Expense Ratio Comparison
XDQQ has a 0.79% expense ratio, which is lower than BZQ's 0.95% expense ratio.
Dividends
XDQQ vs. BZQ - Dividend Comparison
XDQQ has not paid dividends to shareholders, while BZQ's dividend yield for the trailing twelve months is around 7.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.85% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% |
XDQQ Innovator Growth Accelerated ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDQQ and BZQ have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (11.39%) compared to XDQQ (4.15%). In terms of maximum drawdown, XDQQ dropped -35.63% vs BZQ's -99.82%.
On 5-year performance, XDQQ leads with 7.30% vs -24.17% for BZQ. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XDQQ has performed better with a 7.30% return vs -24.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XDQQ is cheaper with a 0.79% expense ratio, compared with 0.95% for BZQ.
BZQ has the higher dividend yield at 7.85%, compared with 0.00% for XDQQ.
They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for XDQQ and 0.95% for BZQ.
XDQQ currently has the higher Sharpe Ratio (0.98 vs -1.06), 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.
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