GMEU vs. QTJL
GMEU (T-Rex 2X Long GME Daily Target ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. Over the past year, GMEU returned -49.83% vs 18.39% for QTJL. At a 0.30 correlation, their price movements are largely independent. GMEU charges 1.50%/yr vs 0.79%/yr for QTJL.
Performance
GMEU vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, GMEU achieves a -13.20% return, which is significantly lower than QTJL's 7.41% return.
GMEU
- 1D
- -4.67%
- 1M
- -11.27%
- YTD
- -13.20%
- 6M
- -24.66%
- 1Y
- -49.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTJL
- 1D
- 0.01%
- 1M
- 0.38%
- YTD
- 7.41%
- 6M
- 6.99%
- 1Y
- 18.39%
- 3Y*
- 19.04%
- 5Y*
- —
- 10Y*
- —
GMEU vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEU T-Rex 2X Long GME Daily Target ETF | -13.20% | -65.67% |
QTJL Innovator Growth Accelerated Plus ETF - July | 7.41% | 27.81% |
Correlation
The correlation between GMEU and QTJL is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.30 |
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Return for Risk
GMEU vs. QTJL — Risk / Return Rank
GMEU
QTJL
GMEU vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long GME Daily Target ETF (GMEU) 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.
| GMEU | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.55 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.39 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.76 | -3.61 |
| Martin ratioReturn relative to average drawdown | -1.34 | 14.56 | -15.90 |
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Drawdowns
GMEU vs. QTJL - Drawdown Comparison
The maximum GMEU drawdown since its inception was -80.76%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for GMEU and QTJL.
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Drawdown Indicators
| GMEU | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.76% | -33.40% | -47.36% |
Max Drawdown (1Y)Largest decline over 1 year | -58.94% | -6.68% | -52.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -80.76% | -0.01% | -80.75% |
Average DrawdownAverage peak-to-trough decline | -63.80% | -7.84% | -55.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.17% | 1.27% | +35.90% |
Volatility
GMEU vs. QTJL - Volatility Comparison
T-Rex 2X Long GME Daily Target ETF (GMEU) has a higher volatility of 17.85% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.59%. This indicates that GMEU'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
| GMEU | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.85% | 0.59% | +17.26% |
Volatility (6M)Calculated over the trailing 6-month period | 55.54% | 7.37% | +48.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.14% | 9.86% | +61.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.98% | 20.29% | +67.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 87.98% | 20.29% | +67.69% |
GMEU vs. QTJL - Expense Ratio Comparison
GMEU has a 1.50% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
GMEU vs. QTJL - Dividend Comparison
Neither GMEU nor QTJL has paid dividends to shareholders.
Frequently Asked Questions
GMEU and QTJL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMEU has higher volatility (17.85%) compared to QTJL (0.59%). In terms of maximum drawdown, GMEU dropped -80.76% vs QTJL's -33.40%.
On 1-year performance, QTJL leads with 18.39% vs -49.83% for GMEU. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QTJL has performed better with a 18.39% return vs -49.83%. 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 1.50% for GMEU.
GMEU and QTJL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: T-Rex and Innovator. Their fees differ too: 1.50% for GMEU and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (1.87 vs -0.70), 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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