ZETX vs. XDSQ

Last updated Jul 24, 2026

ZETX (Defiance Daily Target 2X Long ZETA ETF) and XDSQ (Innovator US Equity Accelerated ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. ZETX charges 1.31%/yr vs 0.79%/yr for XDSQ.

Performance

ZETX vs. XDSQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long ZETA ETF (ZETX) and Innovator US Equity Accelerated ETF (XDSQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZETX

• 1D: -8.91%
• 1M: -6.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

XDSQ

• 1D: -1.39%
• 1M: -0.70%
• 6M: 1.13%
• YTD: 2.33%
• 1Y: 11.17%
• 3Y*: 13.35%
• 5Y*: 9.11%
• 10Y*: —
• ALL TIME*: 10.13%

*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)
XDSQ Innovator US Equity Accelerated ETF	$1.36M	$887.88K	$477.49K
ZETX Defiance Daily Target 2X Long ZETA ETF	$583.26K	$1.08M	$1.15M

ZETX vs. XDSQ - Yearly Performance Comparison

	2026 (YTD)
ZETX Defiance Daily Target 2X Long ZETA ETF	-5.01%
XDSQ Innovator US Equity Accelerated ETF	1.02%

Correlation

The correlation between ZETX and XDSQ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 4, 2026	0.45

Return for Risk

ZETX vs. XDSQ — Risk / Return Rank

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

ZETX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

XDSQ

XDSQ Risk / Return Rank: 40
XDSQ Sharpe Ratio Rank: 40
XDSQ Sortino Ratio Rank: 38
XDSQ Omega Ratio Rank: 45
XDSQ Calmar Ratio Rank: 33
XDSQ Martin Ratio Rank: 46

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.

ZETX vs. XDSQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ZETA ETF (ZETX) and Innovator US Equity Accelerated ETF (XDSQ). 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.

	ZETX	XDSQ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.05	—
Sortino ratio: Return per unit of downside risk	—	1.49	—
Omega ratio: Gain probability vs. loss probability	—	1.22	—
Calmar ratio: Return relative to maximum drawdown	—	1.17	—
Martin ratio: Return relative to average drawdown	—	5.55	—

Drawdowns

ZETX vs. XDSQ - Drawdown Comparison

The maximum ZETX drawdown since its inception was -52.42%, which is greater than XDSQ's maximum drawdown of -26.06%. Use the drawdown chart below to compare losses from any high point for ZETX and XDSQ.

Drawdown Indicators

	ZETX	XDSQ	Difference
Max Drawdown Largest peak-to-trough decline	-52.42%	-26.06%	-26.36%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.15%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-46.12%	-1.97%	-44.15%
Average Drawdown Average peak-to-trough decline	-24.01%	-4.84%	-19.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.02%	—

Volatility

Volatility by Period

	ZETX	XDSQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.32%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	137.11%	10.68%	+126.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	137.11%	15.26%	+121.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	137.11%	14.94%	+122.17%

ZETX vs. XDSQ - Expense Ratio Comparison

ZETX has a 1.31% expense ratio, which is higher than XDSQ's 0.79% expense ratio.

Dividends

ZETX vs. XDSQ - Dividend Comparison

Neither ZETX nor XDSQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZETX and XDSQ in my portfolio?

ZETX and XDSQ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZETX or XDSQ?

On fees, XDSQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZETX or XDSQ?

XDSQ is cheaper with a 0.79% expense ratio, compared with 1.31% for ZETX.

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

ZETX and XDSQ have nearly identical dividend yields, around 0.00%.

What is the main difference between ZETX and XDSQ?

They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for ZETX and 0.79% for XDSQ.