BABU vs. QTAP
BABU (Direxion Daily BABA Bull 2X ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. BABU is passively managed, while QTAP is actively managed. At a 0.49 correlation, their price movements are largely independent. BABU charges 0.97%/yr vs 0.79%/yr for QTAP.
Performance
BABU vs. QTAP - Performance Comparison
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Returns By Period
BABU
- 1D
- -5.41%
- 1M
- -11.25%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -0.10%
- 1M
- 2.89%
- YTD
- 14.67%
- 6M
- 15.56%
- 1Y
- 25.59%
- 3Y*
- 21.18%
- 5Y*
- 13.78%
- 10Y*
- —
BABU vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BABU Direxion Daily BABA Bull 2X ETF | -44.84% |
QTAP Innovator Growth Accelerated Plus ETF - April | 13.65% |
Correlation
The correlation between BABU and QTAP is 0.49, 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 Feb 12, 2026 | 0.49 |
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Return for Risk
BABU vs. QTAP — Risk / Return Rank
BABU
QTAP
BABU vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily BABA Bull 2X ETF (BABU) 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.
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Sharpe Ratios by Period
| BABU | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.62 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.05 | 0.75 | -1.80 |
Drawdowns
BABU vs. QTAP - Drawdown Comparison
The maximum BABU drawdown since its inception was -49.17%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for BABU and QTAP.
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Drawdown Indicators
| BABU | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.17% | -29.44% | -19.73% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.69% | — |
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 | -44.84% | -0.10% | -44.74% |
Average DrawdownAverage peak-to-trough decline | -35.05% | -5.04% | -30.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
BABU vs. QTAP - Volatility Comparison
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Volatility by Period
| BABU | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 82.22% | 5.56% | +76.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.22% | 18.89% | +63.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.22% | 18.77% | +63.45% |
BABU vs. QTAP - Expense Ratio Comparison
BABU has a 0.97% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
BABU vs. QTAP - Dividend Comparison
BABU's dividend yield for the trailing twelve months is around 0.36%, while QTAP has not paid dividends to shareholders.
| Position | TTM |
|---|---|
BABU Direxion Daily BABA Bull 2X ETF | 0.36% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% |
Frequently Asked Questions
BABU and QTAP 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.
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 BABU.
BABU has the higher dividend yield at 0.36%, compared with 0.00% for QTAP.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for BABU and 0.79% for QTAP.
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