ALTL vs. QTJL
Compare and contrast key facts about Pacer Lunt Large Cap Alternator ETF (ALTL) and Innovator Growth Accelerated Plus ETF - July (QTJL).
ALTL and QTJL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTL is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital US Large Cap Equity Rotation Index. It was launched on Jun 24, 2020. QTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALTL or QTJL.
Key characteristics
| ALTL | QTJL | |
|---|---|---|
| YTD Return | -0.76% | 4.80% |
| 1Y Return | -9.03% | 22.94% |
| Sharpe Ratio | -0.56 | 2.18 |
| Daily Std Dev | 15.20% | 10.68% |
| Max Drawdown | -31.91% | -33.40% |
| Current Drawdown | -26.69% | -0.81% |
Correlation
The correlation between ALTL and QTJL is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ALTL vs. QTJL - Performance Comparison
In the year-to-date period, ALTL achieves a -0.76% return, which is significantly lower than QTJL's 4.80% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ALTL vs. QTJL - Expense Ratio Comparison
Risk-Adjusted Performance
ALTL vs. QTJL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Alternator ETF (ALTL) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
Dividends
ALTL vs. QTJL - Dividend Comparison
ALTL's dividend yield for the trailing twelve months is around 1.25%, while QTJL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
ALTL Pacer Lunt Large Cap Alternator ETF | 1.25% | 1.28% | 1.23% | 1.06% | 0.75% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALTL vs. QTJL - Drawdown Comparison
The maximum ALTL drawdown since its inception was -31.91%, roughly equal to the maximum QTJL drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for ALTL and QTJL. For additional features, visit the drawdowns tool.
Volatility
ALTL vs. QTJL - Volatility Comparison
Pacer Lunt Large Cap Alternator ETF (ALTL) has a higher volatility of 2.65% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 1.17%. This indicates that ALTL's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.