XTAP vs. SDP
Compare and contrast key facts about Innovator U.S. Equity Accelerated Plus ETF (XTAP) and ProShares UltraShort Utilities (SDP).
XTAP and SDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021. SDP is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (-200%). It was launched on Jan 30, 2007.
Performance
XTAP vs. SDP - Performance Comparison
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XTAP vs. SDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XTAP Innovator U.S. Equity Accelerated Plus ETF | 1.66% | 17.58% | 14.26% | 23.46% | -14.68% | 11.87% |
SDP ProShares UltraShort Utilities | -14.15% | -22.59% | -30.11% | 18.95% | -12.54% | -27.01% |
Returns By Period
In the year-to-date period, XTAP achieves a 1.66% return, which is significantly higher than SDP's -14.15% return.
XTAP
- 1D
- 0.08%
- 1M
- 0.65%
- YTD
- 1.66%
- 6M
- 4.34%
- 1Y
- 16.29%
- 3Y*
- 16.22%
- 5Y*
- —
- 10Y*
- —
SDP
- 1D
- 0.70%
- 1M
- 6.78%
- YTD
- -14.15%
- 6M
- -10.38%
- 1Y
- -27.33%
- 3Y*
- -19.65%
- 5Y*
- -18.82%
- 10Y*
- -21.71%
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XTAP vs. SDP - Expense Ratio Comparison
XTAP has a 0.79% expense ratio, which is lower than SDP's 0.95% expense ratio.
Return for Risk
XTAP vs. SDP — Risk / Return Rank
XTAP
SDP
XTAP vs. SDP - 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 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.
| XTAP | SDP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | -0.88 | +2.02 |
Sortino ratioReturn per unit of downside risk | 1.76 | -1.27 | +3.04 |
Omega ratioGain probability vs. loss probability | 1.44 | 0.86 | +0.58 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | -0.70 | +2.13 |
Martin ratioReturn relative to average drawdown | 9.78 | -1.05 | +10.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XTAP | SDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | -0.88 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | -0.58 | +1.27 |
Correlation
The correlation between XTAP and SDP is -0.37. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
XTAP vs. SDP - Dividend Comparison
XTAP has not paid dividends to shareholders, while SDP's dividend yield for the trailing twelve months is around 4.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
SDP ProShares UltraShort Utilities | 4.26% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Drawdowns
XTAP vs. SDP - Drawdown Comparison
The maximum XTAP drawdown since its inception was -22.13%, smaller than the maximum SDP drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for XTAP and SDP.
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Drawdown Indicators
| XTAP | SDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.13% | -99.56% | +77.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -41.11% | +29.28% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.63% | — |
Current DrawdownCurrent decline from peak | 0.00% | -99.53% | +99.53% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -81.96% | +78.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 27.45% | -25.72% |
Volatility
XTAP vs. SDP - Volatility Comparison
The current volatility for Innovator U.S. Equity Accelerated Plus ETF (XTAP) is 0.77%, while ProShares UltraShort Utilities (SDP) has a volatility of 9.55%. This indicates that XTAP 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
| XTAP | SDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 9.55% | -8.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.52% | 20.50% | -17.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.33% | 31.29% | -16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 34.05% | -19.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 37.37% | -22.77% |