XDSQ vs. VOO

Last updated Jun 23, 2026

XDSQ (Innovator US Equity Accelerated ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - XDSQ is a Leveraged Equities fund actively managed by Innovator, while VOO is a S&P 500 fund tracking the S&P 500 Index. XDSQ is actively managed, while VOO is passively managed. Over the past 5 years, XDSQ returned 9.70%/yr vs 13.58%/yr for VOO. Their correlation of 0.94 suggests significant overlap in exposure. XDSQ charges 0.79%/yr vs 0.03%/yr for VOO.

Performance

XDSQ vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator US Equity Accelerated ETF (XDSQ) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDSQ achieves a 3.09% return, which is significantly lower than VOO's 9.75% return.

XDSQ

• 1D: 0.07%
• 1M: 0.66%
• YTD: 3.09%
• 6M: 2.64%
• 1Y: 15.56%
• 3Y*: 14.48%
• 5Y*: 9.70%
• 10Y*: —

VOO

• 1D: -0.29%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 9.30%
• 1Y: 26.77%
• 3Y*: 21.36%
• 5Y*: 13.58%
• 10Y*: 15.77%

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

XDSQ vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XDSQ Innovator US Equity Accelerated ETF	3.09%	14.22%	23.12%	23.00%	-16.78%	13.28%
VOO Vanguard S&P 500 ETF	9.75%	17.82%	24.98%	26.32%	-18.17%	21.08%

Correlation

The correlation between XDSQ and VOO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.94

The correlation between XDSQ and VOO has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.

XDSQ vs. VOO - Sectors Allocation Comparison

Sectors	XDSQ	VOO
Technology	39.1%	39.1%
Financial Services	10.9%	10.9%
Communication Services	10.7%	10.5%
Consumer Cyclical	9.9%	9.8%
Healthcare	8.3%	8.3%
Industrials	7.8%	7.6%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.2%
Utilities	2.1%	2.5%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.7%

Return for Risk

XDSQ vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDSQ

XDSQ Risk / Return Rank: 43
XDSQ Sharpe Ratio Rank: 44
XDSQ Sortino Ratio Rank: 41
XDSQ Omega Ratio Rank: 50
XDSQ Calmar Ratio Rank: 33
XDSQ Martin Ratio Rank: 48

VOO

VOO Risk / Return Rank: 68
VOO Sharpe Ratio Rank: 70
VOO Sortino Ratio Rank: 67
VOO Omega Ratio Rank: 69
VOO Calmar Ratio Rank: 63
VOO Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDSQ vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator US Equity Accelerated ETF (XDSQ) and Vanguard S&P 500 ETF (VOO). 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.

	XDSQ	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.49	2.17	-0.69
Sortino ratio: Return per unit of downside risk	2.05	2.93	-0.88
Omega ratio: Gain probability vs. loss probability	1.31	1.39	-0.08
Calmar ratio: Return relative to maximum drawdown	1.63	3.02	-1.39
Martin ratio: Return relative to average drawdown	7.76	13.58	-5.82

XDSQ vs. VOO - Sharpe Ratio Comparison

The current XDSQ Sharpe Ratio is 1.49, which is lower than the VOO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of XDSQ and VOO, 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

XDSQ vs. VOO - Drawdown Comparison

The maximum XDSQ drawdown since its inception was -26.06%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for XDSQ and VOO.

Drawdown Indicators

	XDSQ	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-33.99%	+7.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.60%	-8.90%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-18.69%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-24.52%	-1.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.99%	—
Current Drawdown Current decline from peak	0.00%	-1.74%	+1.74%
Average Drawdown Average peak-to-trough decline	-4.92%	-3.68%	-1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.98%	+0.03%

Volatility

XDSQ vs. VOO - Volatility Comparison

The current volatility for Innovator US Equity Accelerated ETF (XDSQ) is 0.61%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.60%. This indicates that XDSQ experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDSQ	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.61%	4.60%	-3.99%
Volatility (6M) Calculated over the trailing 6-month period	8.16%	9.73%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	12.39%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	16.90%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.03%	18.05%	-3.02%

XDSQ vs. VOO - Expense Ratio Comparison

XDSQ has a 0.79% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

XDSQ vs. VOO - Dividend Comparison

XDSQ has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VOO Vanguard S&P 500 ETF	1.04%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
XDSQ Innovator US Equity Accelerated ETF	0.00%	0.00%	0.00%	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 XDSQ and VOO in my portfolio?

XDSQ and VOO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XDSQ or VOO?

VOO has higher volatility (4.60%) compared to XDSQ (0.61%). In terms of maximum drawdown, XDSQ dropped -26.06% vs VOO's -33.99%.

Which ETF is better, XDSQ or VOO?

On 5-year performance, VOO leads with 13.58% vs 9.70% for XDSQ. On fees, VOO is cheaper at 0.03% per year. On volatility, XDSQ has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XDSQ or VOO?

Over the 5-year period, VOO has performed better with a 13.58% return vs 9.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XDSQ or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.79% for XDSQ.

Which ETF pays a higher dividend yield, XDSQ or VOO?

VOO has the higher dividend yield at 1.04%, compared with 0.00% for XDSQ.

What is the main difference between XDSQ and VOO?

XDSQ is categorized as Leveraged Equities, while VOO is S&P 500. They also come from different issuers: Innovator and Vanguard. Their fees differ too: 0.79% for XDSQ and 0.03% for VOO.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (2.17 vs 1.49), 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.