CIEG vs. QTAP

Last updated Aug 3, 2026

CIEG (Leverage Shares 2X Long CIEN Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. CIEG charges 0.75%/yr vs 0.79%/yr for QTAP.

Performance

CIEG vs. QTAP - Performance Comparison

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

Returns By Period

CIEG

• 1D: 2.55%
• 1M: -25.18%
• 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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CIEG Leverage Shares 2X Long CIEN Daily ETF	$997.11K	$1.65M	$5.20M
QTAP Innovator Growth Accelerated Plus ETF - April	$235.81K	$225.86K	$220.48K

CIEG vs. QTAP - Yearly Performance Comparison

	2026 (YTD)
CIEG Leverage Shares 2X Long CIEN Daily ETF	-63.45%
QTAP Innovator Growth Accelerated Plus ETF - April	0.29%

Correlation

The correlation between CIEG and QTAP is 0.53, 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 May 12, 2026	0.53

Return for Risk

CIEG vs. QTAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CIEG

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

QTAP

QTAP Risk / Return Rank: 97
QTAP Sharpe Ratio Rank: 96
QTAP Sortino Ratio Rank: 97
QTAP Omega Ratio Rank: 97
QTAP Calmar Ratio Rank: 97
QTAP Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CIEG vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CIEN Daily ETF (CIEG) 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.

	CIEG	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.95	—
Sortino ratio: Return per unit of downside risk	—	4.74	—
Omega ratio: Gain probability vs. loss probability	—	1.69	—
Calmar ratio: Return relative to maximum drawdown	—	6.93	—
Martin ratio: Return relative to average drawdown	—	33.23	—

Drawdowns

CIEG vs. QTAP - Drawdown Comparison

The maximum CIEG drawdown since its inception was -76.08%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for CIEG and QTAP.

Drawdown Indicators

	CIEG	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-76.08%	-29.44%	-46.64%
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 Drawdown Current decline from peak	-69.11%	-1.05%	-68.06%
Average Drawdown Average peak-to-trough decline	-42.02%	-4.91%	-37.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.59%	—

Volatility

Volatility by Period

	CIEG	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	160.24%	6.61%	+153.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	160.24%	18.92%	+141.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	160.24%	18.57%	+141.67%

CIEG vs. QTAP - Expense Ratio Comparison

CIEG has a 0.75% expense ratio, which is lower than QTAP's 0.79% expense ratio.

Dividends

CIEG vs. QTAP - Dividend Comparison

Neither CIEG nor QTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CIEG and QTAP in my portfolio?

CIEG and QTAP have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CIEG or QTAP?

On fees, CIEG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CIEG or QTAP?

CIEG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.

Which ETF pays a higher dividend yield, CIEG or QTAP?

CIEG and QTAP have nearly identical dividend yields, around 0.00%.

What is the main difference between CIEG and QTAP?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for CIEG and 0.79% for QTAP.