ASMU vs. QTAP
ASMU (Direxion Daily ASML Bull 2X ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. Their 0.61 correlation means they have sometimes moved together and sometimes differently. ASMU charges 0.97%/yr vs 0.79%/yr for QTAP.
Performance
ASMU vs. QTAP - Performance Comparison
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Returns By Period
ASMU
- 1D
- -2.65%
- 1M
- -17.30%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QTAP
- 1D
- 0.27%
- 1M
- 0.15%
- 6M
- 12.76%
- YTD
- 13.57%
- 1Y
- 20.30%
- 3Y*
- 18.84%
- 5Y*
- 12.30%
- 10Y*
- —
- ALL TIME*
- 13.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.73M | $6.77M | $4.71M | |
| $235.81K | $225.86K | $220.48K |
ASMU vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 7.22% |
QTAP Innovator Growth Accelerated Plus ETF - April | 12.68% |
Correlation
The correlation between ASMU and QTAP is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026 | 0.61 |
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Return for Risk
ASMU vs. QTAP — Risk / Return Rank
ASMU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
ASMU vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily ASML Bull 2X ETF (ASMU) 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.
| ASMU | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.69 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.93 | — |
| Martin ratioReturn relative to average drawdown | — | 33.23 | — |
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Drawdowns
ASMU vs. QTAP - Drawdown Comparison
The maximum ASMU drawdown since its inception was -41.09%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for ASMU and QTAP.
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Drawdown Indicators
| ASMU | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.09% | -29.44% | -11.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.81% | — |
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 | -35.18% | -1.05% | -34.13% |
Average DrawdownAverage peak-to-trough decline | -14.22% | -4.91% | -9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.59% | — |
Volatility
ASMU vs. QTAP - Volatility Comparison
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Volatility by Period
| ASMU | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.69% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 106.89% | 6.61% | +100.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 106.89% | 18.92% | +87.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 106.89% | 18.57% | +88.32% |
ASMU vs. QTAP - Expense Ratio Comparison
ASMU has a 0.97% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
ASMU vs. QTAP - Dividend Comparison
ASMU's dividend yield for the trailing twelve months is around 0.67%, while QTAP has not paid dividends to shareholders.
| Position | TTM |
|---|---|
ASMU Direxion Daily ASML Bull 2X ETF | 0.67% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% |
Frequently Asked Questions
ASMU and QTAP have a correlation of 0.61, 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 0.97% for ASMU.
ASMU has the higher dividend yield at 0.67%, compared with 0.00% for QTAP.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for ASMU and 0.79% for QTAP.
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