XTAP vs. BZQ
XTAP (Innovator U.S. Equity Accelerated Plus ETF) and BZQ (ProShares UltraShort MSCI Brazil Capped) are both Leveraged Equities funds. XTAP is actively managed, while BZQ is passively managed. Over the past 5 years, XTAP returned 10.84%/yr vs -25.86%/yr for BZQ. Their -0.36 correlation means they have often moved in opposite directions in the past. XTAP charges 0.79%/yr vs 0.95%/yr for BZQ.
Performance
XTAP vs. BZQ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTAP achieves a 12.91% return, which is significantly higher than BZQ's -31.18% return.
XTAP
- 1D
- 0.39%
- 1M
- 1.42%
- 6M
- 12.17%
- YTD
- 12.91%
- 1Y
- 19.58%
- 3Y*
- 17.31%
- 5Y*
- 10.84%
- 10Y*
- —
- ALL TIME*
- 11.57%
BZQ
- 1D
- 1.68%
- 1M
- -11.20%
- 6M
- -3.41%
- YTD
- -31.18%
- 1Y
- -55.71%
- 3Y*
- -23.89%
- 5Y*
- -25.86%
- 10Y*
- -34.28%
- ALL TIME*
- -29.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $82.44K | $121.14K | $200.97K | |
| $37.97K | $25.72K | $30.55K |
XTAP vs. BZQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XTAP Innovator U.S. Equity Accelerated Plus ETF | 12.91% | 17.58% | 14.26% | 23.46% | -14.68% | 12.26% |
BZQ ProShares UltraShort MSCI Brazil Capped | -31.18% | -57.90% | 98.84% | -49.11% | -44.20% | -3.73% |
Correlation
The correlation between XTAP and BZQ is -0.43, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.43 |
Correlation (3Y) Balances recent behavior with more history. | -0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.36 |
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
XTAP vs. BZQ — Risk / Return Rank
XTAP
BZQ
XTAP vs. BZQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated Plus ETF (XTAP) 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.
| XTAP | BZQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.15 | ||
| Sortino ratioReturn per unit of downside risk | +8.50 | ||
| Omega ratioGain probability vs. loss probability | 2.02 | 0.80 | +1.22 |
| Calmar ratioReturn relative to maximum drawdown | 11.46 | -0.87 | +12.33 |
| Martin ratioReturn relative to average drawdown | 58.60 | -1.28 | +59.88 |
Loading charts...
Drawdowns
XTAP vs. BZQ - Drawdown Comparison
The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum BZQ drawdown of -99.82%. Use the drawdown chart below to compare losses from any high point for XTAP and BZQ.
Loading charts...
Drawdown Indicators
| XTAP | BZQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -99.82% | +77.69% |
Max Drawdown (1Y)Largest decline over 1 year | -1.72% | -64.18% | +62.46% |
Max Drawdown (3Y)Largest decline over 3 years | -11.83% | -77.31% | +65.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.13% | -88.65% | +66.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -98.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -99.77% | +99.77% |
Average DrawdownAverage peak-to-trough decline | -3.36% | -84.66% | +81.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 44.64% | -44.31% |
Volatility
XTAP vs. BZQ - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated Plus ETF (XTAP) is 1.63%, while ProShares UltraShort MSCI Brazil Capped (BZQ) has a volatility of 13.59%. This indicates that XTAP 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
| XTAP | BZQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 13.59% | -11.96% |
Volatility (6M)Calculated over the trailing 6-month period | 4.03% | 38.33% | -34.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.89% | 50.09% | -45.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 54.82% | -40.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 66.55% | -52.32% |
XTAP vs. BZQ - Expense Ratio Comparison
XTAP has a 0.79% expense ratio, which is lower than BZQ's 0.95% expense ratio.
Dividends
XTAP vs. BZQ - Dividend Comparison
XTAP has not paid dividends to shareholders, while BZQ's dividend yield for the trailing twelve months is around 8.02%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 8.02% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTAP and BZQ have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BZQ has higher volatility (13.59%) compared to XTAP (1.63%). In terms of maximum drawdown, XTAP dropped -22.13% vs BZQ's -99.82%.
On 5-year performance, XTAP leads with 10.84% vs -25.86% for BZQ. On fees, XTAP is cheaper at 0.79% per year. On volatility, XTAP has been the lower-risk option at 1.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XTAP has performed better with a 10.84% return vs -25.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTAP is cheaper with a 0.79% expense ratio, compared with 0.95% for BZQ.
BZQ has the higher dividend yield at 8.02%, compared with 0.00% for XTAP.
They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for XTAP and 0.95% for BZQ.
XTAP currently has the higher Sharpe Ratio (4.03 vs -1.12), 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 XTAP 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