XDQQ vs. SDP
XDQQ (Innovator Growth Accelerated ETF - Quarterly) and SDP (ProShares UltraShort Utilities) are both Leveraged Equities funds. XDQQ is actively managed, while SDP is passively managed. Over the past 5 years, XDQQ returned 7.30%/yr vs -17.50%/yr for SDP. At a correlation of -0.24, they often move in opposite directions. XDQQ charges 0.79%/yr vs 0.95%/yr for SDP.
Performance
XDQQ vs. SDP - 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 SDP's -14.36% return.
XDQQ
- 1D
- 1.09%
- 1M
- -1.14%
- 6M
- 0.05%
- YTD
- 1.47%
- 1Y
- 13.89%
- 3Y*
- 16.26%
- 5Y*
- 7.30%
- 10Y*
- —
SDP
- 1D
- -0.10%
- 1M
- -6.21%
- 6M
- -13.88%
- YTD
- -14.36%
- 1Y
- -19.40%
- 3Y*
- -20.47%
- 5Y*
- -17.50%
- 10Y*
- -20.74%
XDQQ vs. SDP - 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% |
SDP ProShares UltraShort Utilities | -14.36% | -22.59% | -30.11% | 18.95% | -12.54% | -26.62% |
Correlation
The correlation between XDQQ and SDP is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
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 | -0.24 |
The correlation between XDQQ and SDP shifts across timeframes, from -0.24 (all time) to -0.07 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XDQQ vs. SDP — Risk / Return Rank
XDQQ
SDP
XDQQ vs. SDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) and ProShares UltraShort Utilities (SDP). 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 | SDP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.91 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.76 | +1.94 |
| Martin ratioReturn relative to average drawdown | 5.29 | -1.28 | +6.57 |
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Drawdowns
XDQQ vs. SDP - Drawdown Comparison
The maximum XDQQ drawdown since its inception was -35.63%, smaller than the maximum SDP drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for XDQQ and SDP.
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Drawdown Indicators
| XDQQ | SDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -99.56% | +63.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -25.59% | +13.75% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -66.17% | +43.00% |
Max Drawdown (5Y)Largest decline over 5 years | -35.63% | -66.17% | +30.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.43% | — |
Current DrawdownCurrent decline from peak | -1.48% | -99.53% | +98.05% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -82.20% | +71.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 15.20% | -12.57% |
Volatility
XDQQ vs. SDP - Volatility Comparison
The current volatility for Innovator Growth Accelerated ETF - Quarterly (XDQQ) is 4.15%, while ProShares UltraShort Utilities (SDP) has a volatility of 8.89%. This indicates that XDQQ experiences smaller price fluctuations and is considered to be less risky than SDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDQQ | SDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 8.89% | -4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 23.58% | -12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.28% | 29.92% | -15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.87% | 34.44% | -14.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.53% | 37.59% | -18.06% |
XDQQ vs. SDP - Expense Ratio Comparison
XDQQ has a 0.79% expense ratio, which is lower than SDP's 0.95% expense ratio.
Dividends
XDQQ vs. SDP - Dividend Comparison
XDQQ has not paid dividends to shareholders, while SDP's dividend yield for the trailing twelve months is around 4.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 4.34% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
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 SDP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (8.89%) compared to XDQQ (4.15%). In terms of maximum drawdown, XDQQ dropped -35.63% vs SDP's -99.56%.
On 5-year performance, XDQQ leads with 7.30% vs -17.50% for SDP. 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 -17.50%. 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 SDP.
SDP has the higher dividend yield at 4.34%, 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 SDP.
XDQQ currently has the higher Sharpe Ratio (0.98 vs -0.65), 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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