DRIP vs. QTJL
DRIP (Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. DRIP is passively managed, while QTJL is actively managed. Over the past 5 years, DRIP returned -45.76%/yr vs 9.12%/yr for QTJL. Their -0.24 correlation means they have often moved in opposite directions in the past. DRIP charges 1.07%/yr vs 0.79%/yr for QTJL.
Performance
DRIP vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, DRIP achieves a -53.72% return, which is significantly lower than QTJL's 4.03% return.
DRIP
- 1D
- 3.59%
- 1M
- -22.42%
- 6M
- -46.02%
- YTD
- -53.72%
- 1Y
- -57.86%
- 3Y*
- -24.65%
- 5Y*
- -45.76%
- 10Y*
- -42.61%
- ALL TIME*
- -41.99%
QTJL
- 1D
- 1.43%
- 1M
- -0.57%
- 6M
- 2.72%
- YTD
- 4.03%
- 1Y
- 13.57%
- 3Y*
- 17.40%
- 5Y*
- 9.12%
- 10Y*
- —
- ALL TIME*
- 9.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.92M | $63.12M | $132.02M | |
| $205.17K | $322.53K | $250.53K |
DRIP vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | -53.72% | -14.81% | 1.27% | -17.24% | -73.57% | -24.23% |
QTJL Innovator Growth Accelerated Plus ETF - July | 4.03% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
Correlation
The correlation between DRIP and QTJL is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | -0.24 |
The correlation between DRIP and QTJL shifts across timeframes, from -0.24 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DRIP vs. QTJL — Risk / Return Rank
DRIP
QTJL
DRIP vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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.
| DRIP | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.24 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 1.61 | -2.54 |
| Martin ratioReturn relative to average drawdown | -1.52 | 7.83 | -9.35 |
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Drawdowns
DRIP vs. QTJL - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.95%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for DRIP and QTJL.
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Drawdown Indicators
| DRIP | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.95% | -33.40% | -66.55% |
Max Drawdown (1Y)Largest decline over 1 year | -62.18% | -8.48% | -53.70% |
Max Drawdown (3Y)Largest decline over 3 years | -76.02% | -22.43% | -53.59% |
Max Drawdown (5Y)Largest decline over 5 years | -96.24% | -33.40% | -62.84% |
Max Drawdown (10Y)Largest decline over 10 years | -99.92% | — | — |
Current DrawdownCurrent decline from peak | -99.94% | -3.26% | -96.68% |
Average DrawdownAverage peak-to-trough decline | -90.56% | -7.74% | -82.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.17% | 1.74% | +36.43% |
Volatility
DRIP vs. QTJL - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 17.47% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.50%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRIP | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | 6.50% | +10.97% |
Volatility (6M)Calculated over the trailing 6-month period | 44.98% | 9.72% | +35.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.84% | 11.73% | +45.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.64% | 20.45% | +47.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.72% | 20.30% | +75.42% |
DRIP vs. QTJL - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
DRIP vs. QTJL - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 3.84%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 3.84% | 2.86% | 4.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRIP and QTJL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRIP has higher volatility (17.47%) compared to QTJL (6.50%). In terms of maximum drawdown, DRIP dropped -99.95% vs QTJL's -33.40%.
On 5-year performance, QTJL leads with 9.12% vs -45.76% for DRIP. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTJL has performed better with a 9.12% return vs -45.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJL is cheaper with a 0.79% expense ratio, compared with 1.07% for DRIP.
DRIP has the higher dividend yield at 3.84%, compared with 0.00% for QTJL.
They also come from different issuers: Direxion and Innovator. Their fees differ too: 1.07% for DRIP and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.16 vs -1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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