HDLB vs. QTJL
HDLB (ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. HDLB is passively managed, while QTJL is actively managed. Over the past 3 years, HDLB returned 26.82%/yr vs 19.20%/yr for QTJL. At a 0.29 correlation, their price movements are largely independent. HDLB charges 1.65%/yr vs 0.79%/yr for QTJL.
Performance
HDLB vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, HDLB achieves a 9.69% return, which is significantly higher than QTJL's 7.15% return.
HDLB
- 1D
- -1.72%
- 1M
- -4.18%
- YTD
- 9.69%
- 6M
- 8.78%
- 1Y
- 17.78%
- 3Y*
- 26.82%
- 5Y*
- 11.24%
- 10Y*
- —
QTJL
- 1D
- -0.01%
- 1M
- 1.20%
- YTD
- 7.15%
- 6M
- 7.91%
- 1Y
- 20.52%
- 3Y*
- 19.20%
- 5Y*
- —
- 10Y*
- —
HDLB vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 9.69% | 27.26% | 28.21% | -4.12% | -11.46% | 14.79% |
QTJL Innovator Growth Accelerated Plus ETF - July | 7.15% | 21.07% | 16.50% | 42.39% | -30.16% | 9.32% |
Correlation
The correlation between HDLB and QTJL is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | 0.29 |
Over the past year, the correlation between HDLB and QTJL has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
HDLB vs. QTJL — Risk / Return Rank
HDLB
QTJL
HDLB vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) 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.
| HDLB | QTJL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.08 | -1.85 |
| Martin ratioReturn relative to average drawdown | 2.69 | 16.23 | -13.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDLB | QTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 2.06 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.52 | -0.43 |
Drawdowns
HDLB vs. QTJL - Drawdown Comparison
The maximum HDLB drawdown since its inception was -78.70%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for HDLB and QTJL.
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Drawdown Indicators
| HDLB | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.70% | -33.40% | -45.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.50% | -6.68% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -22.43% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | — | — |
Current DrawdownCurrent decline from peak | -14.15% | -0.01% | -14.14% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -7.94% | -19.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 1.27% | +5.35% |
Volatility
HDLB vs. QTJL - Volatility Comparison
ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B (HDLB) has a higher volatility of 6.21% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.31%. This indicates that HDLB'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
| HDLB | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 0.31% | +5.90% |
Volatility (6M)Calculated over the trailing 6-month period | 18.14% | 7.61% | +10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.46% | 10.01% | +16.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.55% | 20.42% | +10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.58% | 20.42% | +23.16% |
HDLB vs. QTJL - Expense Ratio Comparison
HDLB has a 1.65% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
HDLB vs. QTJL - Dividend Comparison
HDLB's dividend yield for the trailing twelve months is around 12.13%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HDLB ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B | 12.13% | 12.20% | 10.09% | 12.36% | 10.86% | 8.07% | 16.23% | 0.97% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDLB and QTJL have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDLB has higher volatility (6.21%) compared to QTJL (0.31%). In terms of maximum drawdown, HDLB dropped -78.70% vs QTJL's -33.40%.
On 3-year performance, HDLB leads with 26.82% vs 19.20% for QTJL. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, HDLB has performed better with a 26.82% return vs 19.20%. 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 1.65% for HDLB.
HDLB has the higher dividend yield at 12.13%, compared with 0.00% for QTJL.
They also come from different issuers: UBS and Innovator. Their fees differ too: 1.65% for HDLB and 0.79% for QTJL.
QTJL currently has the higher Sharpe Ratio (2.06 vs 0.68), 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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