ANEL vs. QTAP
ANEL (Defiance Daily Target 2X Long ANET ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. ANEL charges 1.31%/yr vs 0.79%/yr for QTAP.
Performance
ANEL vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, ANEL achieves a 41.03% return, which is significantly higher than QTAP's 14.12% return.
ANEL
- 1D
- 5.79%
- 1M
- 23.66%
- YTD
- 41.03%
- 6M
- 41.72%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -0.11%
- 1M
- 0.23%
- YTD
- 14.12%
- 6M
- 14.21%
- 1Y
- 24.69%
- 3Y*
- 20.23%
- 5Y*
- 12.97%
- 10Y*
- —
ANEL vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ANEL Defiance Daily Target 2X Long ANET ETF | 41.03% | -22.70% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.12% | 4.02% |
Correlation
The correlation between ANEL and QTAP is 0.41, 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 Sep 4, 2025 | 0.41 |
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Return for Risk
ANEL vs. QTAP — Risk / Return Rank
ANEL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
ANEL vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ANET ETF (ANEL) and Innovator Growth Accelerated Plus ETF - April (QTAP). 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.
| ANEL | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 2.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.96 | — |
| Martin ratioReturn relative to average drawdown | — | 60.17 | — |
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Drawdowns
ANEL vs. QTAP - Drawdown Comparison
The maximum ANEL drawdown since its inception was -56.57%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for ANEL and QTAP.
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Drawdown Indicators
| ANEL | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -29.44% | -27.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.44% | — |
Current DrawdownCurrent decline from peak | -12.80% | -0.57% | -12.23% |
Average DrawdownAverage peak-to-trough decline | -28.50% | -5.00% | -23.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
ANEL vs. QTAP - Volatility Comparison
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Volatility by Period
| ANEL | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.78% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 107.06% | 6.01% | +101.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 107.06% | 18.91% | +88.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.06% | 18.72% | +88.34% |
ANEL vs. QTAP - Expense Ratio Comparison
ANEL has a 1.31% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
ANEL vs. QTAP - Dividend Comparison
Neither ANEL nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
ANEL and QTAP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTAP is cheaper with a 0.79% expense ratio, compared with 1.31% for ANEL.
ANEL and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for ANEL and 0.79% for QTAP.
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