GLGG vs. QTAP
GLGG (Leverage Shares 2X Long GLXY Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. GLGG charges 0.76%/yr vs 0.79%/yr for QTAP.
Performance
GLGG vs. QTAP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLGG achieves a 1.59% return, which is significantly lower than QTAP's 14.58% return.
GLGG
- 1D
- -0.43%
- 1M
- -16.56%
- YTD
- 1.59%
- 6M
- -37.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -0.08%
- 1M
- 2.33%
- YTD
- 14.58%
- 6M
- 15.43%
- 1Y
- 25.33%
- 3Y*
- 21.09%
- 5Y*
- 13.77%
- 10Y*
- —
GLGG vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLGG Leverage Shares 2X Long GLXY Daily ETF | 1.59% | -36.55% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.58% | 4.74% |
Correlation
The correlation between GLGG and QTAP is 0.42, 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 Aug 22, 2025 | 0.42 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLGG vs. QTAP — Risk / Return Rank
GLGG
QTAP
GLGG vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLXY Daily ETF (GLGG) 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.
Loading charts...
Sharpe Ratios by Period
| GLGG | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.57 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.75 | -1.00 |
Drawdowns
GLGG vs. QTAP - Drawdown Comparison
The maximum GLGG drawdown since its inception was -90.66%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for GLGG and QTAP.
Loading charts...
Drawdown Indicators
| GLGG | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.66% | -29.44% | -61.22% |
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 | -77.42% | -0.18% | -77.24% |
Average DrawdownAverage peak-to-trough decline | -57.94% | -5.03% | -52.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
GLGG vs. QTAP - Volatility Comparison
Loading charts...
Volatility by Period
| GLGG | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 175.94% | 5.56% | +170.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 175.94% | 18.88% | +157.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 175.94% | 18.77% | +157.17% |
GLGG vs. QTAP - Expense Ratio Comparison
GLGG has a 0.76% expense ratio, which is lower than QTAP's 0.79% expense ratio.
Dividends
GLGG vs. QTAP - Dividend Comparison
Neither GLGG nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
GLGG and QTAP have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLGG is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLGG is cheaper with a 0.76% expense ratio, compared with 0.79% for QTAP.
GLGG and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.76% for GLGG and 0.79% for QTAP.
Find the right allocation for GLGG and QTAP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer