XDQQ vs. VFQY

Last updated Aug 4, 2026

XDQQ (Innovator Growth Accelerated ETF - Quarterly) and VFQY (Vanguard U.S. Quality Factor ETF) are both exchange-traded funds - XDQQ is a Leveraged Equities fund actively managed by Innovator, while VFQY is a Quality Factor fund actively managed by Vanguard. Both are actively managed. Over the past 5 years, XDQQ returned 6.22%/yr vs 9.15%/yr for VFQY. Their 0.74 correlation means they have sometimes moved together and sometimes differently. XDQQ charges 0.79%/yr vs 0.13%/yr for VFQY.

Performance

XDQQ vs. VFQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Vanguard U.S. Quality Factor ETF (VFQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDQQ achieves a -1.59% return, which is significantly lower than VFQY's 14.20% return.

XDQQ

• 1D: 1.78%
• 1M: -1.63%
• 6M: -3.53%
• YTD: -1.59%
• 1Y: 10.17%
• 3Y*: 15.50%
• 5Y*: 6.22%
• 10Y*: —
• ALL TIME*: 7.95%

VFQY

• 1D: 1.05%
• 1M: 2.21%
• 6M: 10.27%
• YTD: 14.20%
• 1Y: 23.29%
• 3Y*: 15.72%
• 5Y*: 9.15%
• 10Y*: —
• ALL TIME*: 11.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VFQY Vanguard U.S. Quality Factor ETF	$948.51K	$988.82K	$1.06M
XDQQ Innovator Growth Accelerated ETF - Quarterly	$488.37K	$671.97K	$332.30K

XDQQ vs. VFQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDQQ Innovator Growth Accelerated ETF - Quarterly	-1.59%	13.75%	31.47%	30.15%	-33.74%	18.52%
VFQY Vanguard U.S. Quality Factor ETF	14.20%	10.24%	12.93%	22.48%	-15.74%	13.44%

Correlation

The correlation between XDQQ and VFQY is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.65
Correlation (5Y) Shows whether the relationship held over a longer period.	0.74
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.74

The correlation between XDQQ and VFQY shifts across timeframes, from 0.58 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

XDQQ vs. VFQY - Sectors Allocation Comparison

Sectors	XDQQ	VFQY
Technology	60.2%	25.8%
Communication Services	13.3%	2.8%
Consumer Cyclical	10.9%	13.3%
Consumer Defensive	6.5%	9.2%
Healthcare	3.6%	8.9%
Industrials	2.7%	16.8%
Utilities	1.2%	-
Basic Materials	1.0%	2.2%
Energy	0.5%	2.2%
Financial Services	0.2%	18.9%
Real Estate	0.1%	-

Return for Risk

XDQQ vs. VFQY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XDQQ

XDQQ Risk / Return Rank: 29
XDQQ Sharpe Ratio Rank: 27
XDQQ Sortino Ratio Rank: 26
XDQQ Omega Ratio Rank: 29
XDQQ Calmar Ratio Rank: 27
XDQQ Martin Ratio Rank: 34

VFQY

VFQY Risk / Return Rank: 74
VFQY Sharpe Ratio Rank: 75
VFQY Sortino Ratio Rank: 76
VFQY Omega Ratio Rank: 70
VFQY Calmar Ratio Rank: 71
VFQY Martin Ratio Rank: 75

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XDQQ vs. VFQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated ETF - Quarterly (XDQQ) and Vanguard U.S. Quality Factor ETF (VFQY). 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	VFQY	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.75	-1.09
Sortino ratio: Return per unit of downside risk	0.99	2.53	-1.54
Omega ratio: Gain probability vs. loss probability	1.14	1.30	-0.16
Calmar ratio: Return relative to maximum drawdown	0.86	2.57	-1.70
Martin ratio: Return relative to average drawdown	3.44	9.69	-6.24

XDQQ vs. VFQY - Sharpe Ratio Comparison

The current XDQQ Sharpe Ratio is 0.66, which is lower than the VFQY Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of XDQQ and VFQY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XDQQ vs. VFQY - Drawdown Comparison

The maximum XDQQ drawdown since its inception was -35.63%, roughly equal to the maximum VFQY drawdown of -37.41%. Use the drawdown chart below to compare losses from any high point for XDQQ and VFQY.

Drawdown Indicators

	XDQQ	VFQY	Difference
Max Drawdown Largest peak-to-trough decline	-35.63%	-37.41%	+1.78%
Max Drawdown (1Y) Largest decline over 1 year	-11.84%	-9.12%	-2.72%
Max Drawdown (3Y) Largest decline over 3 years	-23.17%	-20.67%	-2.50%
Max Drawdown (5Y) Largest decline over 5 years	-35.63%	-25.93%	-9.70%
Current Drawdown Current decline from peak	-4.45%	0.00%	-4.45%
Average Drawdown Average peak-to-trough decline	-10.57%	-6.57%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.41%	+0.55%

Volatility

XDQQ vs. VFQY - Volatility Comparison

Innovator Growth Accelerated ETF - Quarterly (XDQQ) has a higher volatility of 7.30% compared to Vanguard U.S. Quality Factor ETF (VFQY) at 3.12%. This indicates that XDQQ's price experiences larger fluctuations and is considered to be riskier than VFQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDQQ	VFQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	3.12%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	12.00%	9.58%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	13.37%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	18.29%	+1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.62%	20.73%	-1.11%

XDQQ vs. VFQY - Expense Ratio Comparison

XDQQ has a 0.79% expense ratio, which is higher than VFQY's 0.13% expense ratio.

Dividends

XDQQ vs. VFQY - Dividend Comparison

XDQQ has not paid dividends to shareholders, while VFQY's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VFQY Vanguard U.S. Quality Factor ETF	1.03%	1.17%	1.34%	1.38%	1.43%	0.98%	1.22%	1.34%	1.31%
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

Can I hold both XDQQ and VFQY in my portfolio?

XDQQ and VFQY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDQQ or VFQY?

XDQQ has higher volatility (7.30%) compared to VFQY (3.12%). In terms of maximum drawdown, XDQQ dropped -35.63% vs VFQY's -37.41%.

Which ETF is better, XDQQ or VFQY?

On 5-year performance, VFQY leads with 9.15% vs 6.22% for XDQQ. On fees, VFQY is cheaper at 0.13% per year. On volatility, VFQY has been the lower-risk option at 3.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDQQ or VFQY?

Over the 5-year period, VFQY has performed better with a 9.15% return vs 6.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDQQ or VFQY?

VFQY is cheaper with a 0.13% expense ratio, compared with 0.79% for XDQQ.

Which ETF pays a higher dividend yield, XDQQ or VFQY?

VFQY has the higher dividend yield at 1.03%, compared with 0.00% for XDQQ.

What is the main difference between XDQQ and VFQY?

XDQQ is categorized as Leveraged Equities, while VFQY is Quality Factor. They also come from different issuers: Innovator and Vanguard. Their fees differ too: 0.79% for XDQQ and 0.13% for VFQY.

Which has better risk-adjusted returns?

VFQY currently has the higher Sharpe Ratio (1.75 vs 0.66), 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.