COIA vs. QTAP
COIA (ProShares Ultra COIN) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. COIA is passively managed, while QTAP is actively managed. A 0.51 correlation means they provide meaningful diversification when combined. COIA charges 1.06%/yr vs 0.79%/yr for QTAP.
Performance
COIA vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, COIA achieves a -63.09% return, which is significantly lower than QTAP's 12.83% return.
COIA
- 1D
- 1.80%
- 1M
- -24.24%
- YTD
- -63.09%
- 6M
- -69.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -1.14%
- 1M
- -0.91%
- YTD
- 12.83%
- 6M
- 13.01%
- 1Y
- 22.41%
- 3Y*
- 19.78%
- 5Y*
- 12.65%
- 10Y*
- —
COIA vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
COIA ProShares Ultra COIN | -63.09% | -58.83% |
QTAP Innovator Growth Accelerated Plus ETF - April | 12.83% | 3.32% |
Correlation
The correlation between COIA and QTAP is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.51 |
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Return for Risk
COIA vs. QTAP — Risk / Return Rank
COIA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
COIA vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra COIN (COIA) 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.
| COIA | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.04 | — |
| Martin ratioReturn relative to average drawdown | — | 52.85 | — |
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Drawdowns
COIA vs. QTAP - Drawdown Comparison
The maximum COIA drawdown since its inception was -90.45%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for COIA and QTAP.
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Drawdown Indicators
| COIA | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.45% | -29.44% | -61.01% |
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 | -89.07% | -1.70% | -87.37% |
Average DrawdownAverage peak-to-trough decline | -63.26% | -4.99% | -58.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.43% | — |
Volatility
COIA vs. QTAP - Volatility Comparison
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Volatility by Period
| COIA | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 140.04% | 6.12% | +133.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.04% | 18.92% | +121.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.04% | 18.72% | +121.32% |
COIA vs. QTAP - Expense Ratio Comparison
COIA has a 1.06% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
COIA vs. QTAP - Dividend Comparison
COIA's dividend yield for the trailing twelve months is around 4.84%, while QTAP has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
COIA ProShares Ultra COIN | 4.84% | 1.10% |
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% |
Frequently Asked Questions
COIA and QTAP have a correlation of 0.51, 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 1.06% for COIA.
COIA has the higher dividend yield at 4.84%, compared with 0.00% for QTAP.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 1.06% for COIA and 0.79% for QTAP.
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