APPX vs. QTAP

Last updated Apr 1, 2026

Compare and contrast key facts about Tradr 2X Long APP Daily ETF (APPX) and Innovator Growth Accelerated Plus ETF - April (QTAP).

APPX and QTAP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. APPX is an actively managed fund by Tradr. It was launched on Apr 24, 2025. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.

Performance

APPX vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long APP Daily ETF (APPX) and Innovator Growth Accelerated Plus ETF - April (QTAP). The values are adjusted to include any dividend payments, if applicable.

APPX vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025
APPX Tradr 2X Long APP Daily ETF	-74.21%	329.60%
QTAP Innovator Growth Accelerated Plus ETF - April	1.26%	18.22%

Returns By Period

In the year-to-date period, APPX achieves a -74.21% return, which is significantly lower than QTAP's 1.26% return.

APPX

• 1D: 13.92%
• 1M: -20.38%
• YTD: -74.21%
• 6M: -79.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTAP

• 1D: -0.51%
• 1M: 0.09%
• YTD: 1.26%
• 6M: 3.74%
• 1Y: 19.73%
• 3Y*: 18.89%
• 5Y*: —
• 10Y*: —

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

APPX vs. QTAP - Expense Ratio Comparison

APPX has a 1.30% expense ratio, which is higher than QTAP's 0.79% expense ratio.

APPX

Tradr 2X Long APP Daily ETF

QTAP

Innovator Growth Accelerated Plus ETF - April

Return for Risk

APPX vs. QTAP — Risk / Return Rank

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

QTAP

QTAP Risk / Return Rank: 80
QTAP Sharpe Ratio Rank: 69
QTAP Sortino Ratio Rank: 76
QTAP Omega Ratio Rank: 95
QTAP Calmar Ratio Rank: 68
QTAP Martin Ratio Rank: 91

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.

APPX vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long APP Daily ETF (APPX) 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.

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

Sharpe Ratios by Period

	APPX	QTAP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.62	-0.54

Correlation

The correlation between APPX and QTAP is 0.44, 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.

Dividends

APPX vs. QTAP - Dividend Comparison

APPX's dividend yield for the trailing twelve months is around 36.38%, while QTAP has not paid dividends to shareholders.

	TTM	2025
APPX Tradr 2X Long APP Daily ETF	36.38%	9.38%
QTAP Innovator Growth Accelerated Plus ETF - April	0.00%	0.00%

Drawdowns

APPX vs. QTAP - Drawdown Comparison

The maximum APPX drawdown since its inception was -82.40%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for APPX and QTAP.

Drawdown Indicators

	APPX	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-82.40%	-29.44%	-52.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.04%	—
Current Drawdown Current decline from peak	-79.95%	-0.51%	-79.44%
Average Drawdown Average peak-to-trough decline	-30.59%	-5.21%	-25.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.68%	—

Volatility

Volatility by Period

	APPX	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	142.56%	16.31%	+126.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.56%	19.02%	+123.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.56%	19.02%	+123.54%