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 7.88%/yr vs -21.05%/yr for BZQ. At a correlation of -0.32, they often move in opposite directions. XDQQ charges 0.79%/yr vs 0.95%/yr for BZQ.
Performance
XDQQ vs. BZQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XDQQ achieves a 2.83% return, which is significantly higher than BZQ's -21.13% return.
XDQQ
- 1D
- -0.06%
- 1M
- 0.56%
- YTD
- 2.83%
- 6M
- 1.08%
- 1Y
- 16.74%
- 3Y*
- 17.58%
- 5Y*
- 7.88%
- 10Y*
- —
BZQ
- 1D
- 0.89%
- 1M
- 11.08%
- YTD
- -21.13%
- 6M
- -22.40%
- 1Y
- -45.58%
- 3Y*
- -19.62%
- 5Y*
- -21.05%
- 10Y*
- -36.28%
XDQQ vs. BZQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XDQQ Innovator Growth Accelerated ETF - Quarterly | 2.83% | 13.75% | 31.47% | 30.15% | -33.74% | 18.52% |
BZQ ProShares UltraShort MSCI Brazil Capped | -21.13% | -57.90% | 98.84% | -49.11% | -44.20% | -3.73% |
Correlation
The correlation between XDQQ and BZQ is -0.48, 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 | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.37 |
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 | -0.32 |
The correlation between XDQQ and BZQ shifts across timeframes, from -0.48 (1 year) to -0.32 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.85 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.70 | +2.12 |
| Martin ratioReturn relative to average drawdown | 6.45 | -1.10 | +7.55 |
Loading charts...
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.
Loading charts...
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 | — | -99.26% | — |
Current DrawdownCurrent decline from peak | -0.06% | -99.74% | +99.68% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -84.56% | +73.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 41.49% | -38.89% |
Volatility
XDQQ vs. BZQ - Volatility Comparison
The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 0.64%, while ProShares UltraShort MSCI Brazil Capped (BZQ) has a volatility of 12.21%. 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.
Loading charts...
Volatility by Period
| XDQQ | BZQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 12.21% | -11.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 39.49% | -29.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 50.03% | -36.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 55.34% | -35.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 66.75% | -47.20% |
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 7.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.00% | 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 -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (12.21%) compared to XDQQ (0.64%). In terms of maximum drawdown, XDQQ dropped -35.63% vs BZQ's -99.82%.
On 5-year performance, XDQQ leads with 7.88% vs -21.05% for BZQ. On fees, XDQQ is cheaper at 0.79% per year. On volatility, XDQQ has been the lower-risk option at 0.64%. 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 7.88% return vs -21.05%. 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 7.00%, 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 (1.22 vs -0.91), 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.
Find the right allocation for XDQQ and BZQ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer