HLXX vs. QTJL

Last updated Jul 25, 2026

HLXX (Tradr 2X Long HL Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. HLXX is passively managed, while QTJL is actively managed. Their 0.21 correlation means their historical movements had little consistent relationship. HLXX charges 1.49%/yr vs 0.79%/yr for QTJL.

Performance

HLXX vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long HL Daily ETF (HLXX) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HLXX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

QTJL

• 1D: -1.01%
• 1M: -5.57%
• 6M: 0.44%
• YTD: 1.43%
• 1Y: 9.04%
• 3Y*: 15.76%
• 5Y*: 8.65%
• 10Y*: —
• ALL TIME*: 9.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QTJL Innovator Growth Accelerated Plus ETF - July	$401.55K	$369.04K	$244.27K

HLXX vs. QTJL - Yearly Performance Comparison

	2026 (YTD)
HLXX Tradr 2X Long HL Daily ETF	-38.81%
QTJL Innovator Growth Accelerated Plus ETF - July	2.33%

Correlation

The correlation between HLXX and QTJL is 0.21, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 24, 2026	0.21

Return for Risk

HLXX vs. QTJL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HLXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

QTJL

QTJL Risk / Return Rank: 39
QTJL Sharpe Ratio Rank: 34
QTJL Sortino Ratio Rank: 33
QTJL Omega Ratio Rank: 36
QTJL Calmar Ratio Rank: 39
QTJL Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HLXX vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long HL Daily ETF (HLXX) 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.

	HLXX	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.84	—
Sortino ratio: Return per unit of downside risk	—	1.24	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.39	—
Martin ratio: Return relative to average drawdown	—	6.22	—

Drawdowns

Drawdown Indicators

	HLXX	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.40%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.40%	—
Current Drawdown Current decline from peak	—	-5.68%	—
Average Drawdown Average peak-to-trough decline	—	-7.75%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.49%	—

Volatility

Volatility by Period

	HLXX	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.36%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.26%	—

HLXX vs. QTJL - Expense Ratio Comparison

HLXX has a 1.49% expense ratio, which is higher than QTJL's 0.79% expense ratio.

Dividends

HLXX vs. QTJL - Dividend Comparison

Neither HLXX nor QTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both HLXX and QTJL in my portfolio?

HLXX and QTJL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HLXX or QTJL?

On fees, QTJL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HLXX or QTJL?

QTJL is cheaper with a 0.79% expense ratio, compared with 1.49% for HLXX.

Which ETF pays a higher dividend yield, HLXX or QTJL?

HLXX and QTJL have nearly identical dividend yields, around 0.00%.

What is the main difference between HLXX and QTJL?

They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.49% for HLXX and 0.79% for QTJL.