ALTL vs. QTJL

Last updated Jun 24, 2026

ALTL (Pacer Lunt Large Cap Alternator ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both exchange-traded funds - ALTL is a Large Cap Growth Equities fund tracking the Lunt Capital US Large Cap Equity Rotation Index, while QTJL is a Leveraged Equities fund actively managed by Innovator. ALTL is passively managed, while QTJL is actively managed. Over the past 3 years, ALTL returned 12.68%/yr vs 19.09%/yr for QTJL. A 0.58 correlation means they provide meaningful diversification when combined. ALTL charges 0.60%/yr vs 0.79%/yr for QTJL.

Performance

ALTL vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt Large Cap Alternator ETF (ALTL) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALTL achieves a 15.79% return, which is significantly higher than QTJL's 7.38% return.

ALTL

• 1D: -3.95%
• 1M: 6.17%
• YTD: 15.79%
• 6M: 15.53%
• 1Y: 39.21%
• 3Y*: 12.68%
• 5Y*: 5.11%
• 10Y*: —

QTJL

• 1D: -0.04%
• 1M: 0.44%
• YTD: 7.38%
• 6M: 6.82%
• 1Y: 18.59%
• 3Y*: 19.09%
• 5Y*: —
• 10Y*: —

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

ALTL vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ALTL Pacer Lunt Large Cap Alternator ETF	15.79%	16.61%	12.30%	-15.85%	-10.67%	12.70%
QTJL Innovator Growth Accelerated Plus ETF - July	7.38%	21.07%	16.50%	42.39%	-30.16%	9.36%

Correlation

The correlation between ALTL and QTJL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.58

The correlation between ALTL and QTJL has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

ALTL vs. QTJL - Sectors Allocation Comparison

Sectors	ALTL	QTJL
Technology	42.5%	58.0%
Financial Services	16.7%	0.2%
Real Estate	14.8%	0.1%
Consumer Cyclical	12.4%	11.6%
Industrials	9.7%	2.6%
Basic Materials	6.1%	1.0%
Utilities	4.0%	1.2%
Communication Services	3.7%	14.5%
Healthcare	1.9%	3.7%
Energy	1.8%	0.5%
Consumer Defensive	1.0%	6.6%

Return for Risk

ALTL vs. QTJL — Risk / Return Rank

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

ALTL

ALTL Risk / Return Rank: 68
ALTL Sharpe Ratio Rank: 63
ALTL Sortino Ratio Rank: 57
ALTL Omega Ratio Rank: 63
ALTL Calmar Ratio Rank: 82
ALTL Martin Ratio Rank: 77

QTJL

QTJL Risk / Return Rank: 67
QTJL Sharpe Ratio Rank: 61
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 71
QTJL Calmar Ratio Rank: 61
QTJL Martin Ratio Rank: 80

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.

ALTL vs. QTJL - Risk-Adjusted Trends 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.

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.

	ALTL	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.89	+0.03
Sortino ratio: Return per unit of downside risk	2.52	2.70	-0.18
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.04
Calmar ratio: Return relative to maximum drawdown	4.02	2.79	+1.23
Martin ratio: Return relative to average drawdown	13.55	14.72	-1.17

ALTL vs. QTJL - Sharpe Ratio Comparison

The current ALTL Sharpe Ratio is 1.92, which is comparable to the QTJL Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ALTL and QTJL, 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

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.

Drawdown Indicators

	ALTL	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-31.91%	-33.40%	+1.49%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-6.68%	-3.11%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-22.43%	+1.22%
Max Drawdown (5Y) Largest decline over 5 years	-31.91%	—	—
Current Drawdown Current decline from peak	-3.95%	-0.04%	-3.91%
Average Drawdown Average peak-to-trough decline	-11.50%	-7.85%	-3.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.27%	+1.63%

Volatility

ALTL vs. QTJL - Volatility Comparison

Pacer Lunt Large Cap Alternator ETF (ALTL) has a higher volatility of 11.62% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.60%. 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.

Volatility by Period

	ALTL	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.62%	0.60%	+11.02%
Volatility (6M) Calculated over the trailing 6-month period	15.20%	7.42%	+7.78%
Volatility (1Y) Calculated over the trailing 1-year period	20.53%	9.88%	+10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.97%	20.31%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.47%	20.31%	+0.16%

ALTL vs. QTJL - Expense Ratio Comparison

ALTL has a 0.60% expense ratio, which is lower than QTJL's 0.79% expense ratio.

Dividends

ALTL vs. QTJL - Dividend Comparison

ALTL's dividend yield for the trailing twelve months is around 0.88%, while QTJL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
ALTL Pacer Lunt Large Cap Alternator ETF	0.88%	0.95%	1.56%	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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ALTL and QTJL in my portfolio?

ALTL and QTJL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALTL or QTJL?

ALTL has higher volatility (11.62%) compared to QTJL (0.60%). In terms of maximum drawdown, ALTL dropped -31.91% vs QTJL's -33.40%.

Which ETF is better, ALTL or QTJL?

On 3-year performance, QTJL leads with 19.09% vs 12.68% for ALTL. On fees, ALTL is cheaper at 0.60% per year. On volatility, QTJL has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ALTL or QTJL?

Over the 3-year period, QTJL has performed better with a 19.09% return vs 12.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ALTL or QTJL?

ALTL is cheaper with a 0.60% expense ratio, compared with 0.79% for QTJL.

Which ETF pays a higher dividend yield, ALTL or QTJL?

ALTL has the higher dividend yield at 0.88%, compared with 0.00% for QTJL.

What is the main difference between ALTL and QTJL?

ALTL is categorized as Large Cap Growth Equities, while QTJL is Leveraged Equities. They also come from different issuers: Pacer and Innovator. Their fees differ too: 0.60% for ALTL and 0.79% for QTJL.

Which has better risk-adjusted returns?

ALTL currently has the higher Sharpe Ratio (1.92 vs 1.89), 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.