XDQQ vs. DRIP
XDQQ (Innovator Growth Accelerated ETF - Quarterly) and DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) are both Leveraged Equities funds. XDQQ is actively managed, while DRIP is passively managed. Over the past 5 years, XDQQ returned 7.88%/yr vs -38.71%/yr for DRIP. At a correlation of -0.22, they often move in opposite directions. XDQQ charges 0.79%/yr vs 1.07%/yr for DRIP.
Performance
XDQQ vs. DRIP - Performance Comparison
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Returns By Period
In the year-to-date period, XDQQ achieves a 2.83% return, which is significantly higher than DRIP's -41.20% return.
XDQQ
- 1D
- -0.06%
- 1M
- 0.56%
- YTD
- 2.83%
- 6M
- 1.08%
- 1Y
- 16.74%
- 3Y*
- 17.58%
- 5Y*
- 7.88%
- 10Y*
- —
DRIP
- 1D
- -0.94%
- 1M
- 18.92%
- YTD
- -41.20%
- 6M
- -40.68%
- 1Y
- -42.23%
- 3Y*
- -27.26%
- 5Y*
- -38.71%
- 10Y*
- -42.06%
XDQQ vs. DRIP - 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% |
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -41.20% | -14.81% | 1.27% | -17.24% | -73.57% | -53.42% |
Correlation
The correlation between XDQQ and DRIP is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.22 |
The correlation between XDQQ and DRIP shifts across timeframes, from -0.23 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDQQ vs. DRIP — Risk / Return Rank
XDQQ
DRIP
XDQQ vs. DRIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP). 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 | DRIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.90 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | -0.68 | +2.10 |
| Martin ratioReturn relative to average drawdown | 6.45 | -1.25 | +7.70 |
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Drawdowns
XDQQ vs. DRIP - Drawdown Comparison
The maximum XDQQ drawdown since its inception was -35.63%, smaller than the maximum DRIP drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for XDQQ and DRIP.
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Drawdown Indicators
| XDQQ | DRIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -99.95% | +64.32% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -62.18% | +50.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -76.02% | +52.85% |
Max Drawdown (5Y)Largest decline over 5 years | -35.63% | -96.24% | +60.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.92% | — |
Current DrawdownCurrent decline from peak | -0.06% | -99.93% | +99.87% |
Average DrawdownAverage peak-to-trough decline | -10.72% | -90.46% | +79.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 33.75% | -31.15% |
Volatility
XDQQ vs. DRIP - Volatility Comparison
The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 0.64%, while Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a volatility of 18.04%. This indicates that XDQQ experiences smaller price fluctuations and is considered to be less risky than DRIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDQQ | DRIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 18.04% | -17.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.31% | 43.68% | -33.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 56.75% | -42.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 68.37% | -48.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 96.33% | -76.78% |
XDQQ vs. DRIP - Expense Ratio Comparison
XDQQ has a 0.79% expense ratio, which is lower than DRIP's 1.07% expense ratio.
Dividends
XDQQ vs. DRIP - Dividend Comparison
XDQQ has not paid dividends to shareholders, while DRIP's dividend yield for the trailing twelve months is around 3.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.36% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
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 DRIP have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (18.04%) compared to XDQQ (0.64%). In terms of maximum drawdown, XDQQ dropped -35.63% vs DRIP's -99.95%.
On 5-year performance, XDQQ leads with 7.88% vs -38.71% for DRIP. 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 -38.71%. 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 1.07% for DRIP.
DRIP has the higher dividend yield at 3.36%, compared with 0.00% for XDQQ.
They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for XDQQ and 1.07% for DRIP.
XDQQ currently has the higher Sharpe Ratio (1.22 vs -0.75), 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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