IFED vs. QTJL

Last updated Jun 4, 2026

IFED (ETRACS IFED Invest with the Fed TR Index ETN) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. IFED is passively managed, while QTJL is actively managed. Over the past 3 years, IFED returned 16.71%/yr vs 19.20%/yr for QTJL. A 0.72 correlation means they provide meaningful diversification when combined. IFED charges 0.45%/yr vs 0.79%/yr for QTJL.

Performance

IFED vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS IFED Invest with the Fed TR Index ETN (IFED) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFED achieves a -3.52% return, which is significantly lower than QTJL's 7.15% return.

IFED

• 1D: -1.24%
• 1M: 4.85%
• YTD: -3.52%
• 6M: -3.51%
• 1Y: 1.97%
• 3Y*: 16.71%
• 5Y*: —
• 10Y*: —

QTJL

• 1D: -0.01%
• 1M: 1.20%
• YTD: 7.15%
• 6M: 7.91%
• 1Y: 20.52%
• 3Y*: 19.20%
• 5Y*: —
• 10Y*: —

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

IFED vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IFED ETRACS IFED Invest with the Fed TR Index ETN	-3.52%	15.02%	23.04%	20.78%	-1.46%	8.46%
QTJL Innovator Growth Accelerated Plus ETF - July	7.15%	21.07%	16.50%	42.39%	-30.16%	3.85%

Correlation

The correlation between IFED and QTJL is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021	0.72

The correlation between IFED and QTJL shifts across timeframes, from 0.56 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IFED vs. QTJL — Risk / Return Rank

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

IFED

IFED Risk / Return Rank: 10
IFED Sharpe Ratio Rank: 10
IFED Sortino Ratio Rank: 10
IFED Omega Ratio Rank: 10
IFED Calmar Ratio Rank: 10
IFED Martin Ratio Rank: 10

QTJL

QTJL Risk / Return Rank: 68
QTJL Sharpe Ratio Rank: 62
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 70
QTJL Calmar Ratio Rank: 62
QTJL Martin Ratio Rank: 81

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.

IFED vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS IFED Invest with the Fed TR Index ETN (IFED) 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.

	IFED	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	0.12	2.06	-1.94
Sortino ratio: Return per unit of downside risk	0.29	2.93	-2.64
Omega ratio: Gain probability vs. loss probability	1.04	1.42	-0.38
Calmar ratio: Return relative to maximum drawdown	0.14	3.08	-2.95
Martin ratio: Return relative to average drawdown	0.34	16.23	-15.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IFED vs. QTJL - Sharpe Ratio Comparison

The current IFED Sharpe Ratio is 0.12, which is lower than the QTJL Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of IFED and QTJL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IFED	QTJL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	2.06	-1.94
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.52	+0.12

Drawdowns

IFED vs. QTJL - Drawdown Comparison

The maximum IFED drawdown since its inception was -22.36%, smaller than the maximum QTJL drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for IFED and QTJL.

Drawdown Indicators

	IFED	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-22.36%	-33.40%	+11.04%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-6.68%	-7.97%
Max Drawdown (3Y) Largest decline over 3 years	-22.36%	-22.43%	+0.07%
Current Drawdown Current decline from peak	-5.50%	-0.01%	-5.49%
Average Drawdown Average peak-to-trough decline	-5.84%	-7.94%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.75%	1.27%	+4.48%

Volatility

IFED vs. QTJL - Volatility Comparison

ETRACS IFED Invest with the Fed TR Index ETN (IFED) has a higher volatility of 4.50% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 0.31%. This indicates that IFED'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.

Volatility by Period

	IFED	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	0.31%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	12.86%	7.61%	+5.25%
Volatility (1Y) Calculated over the trailing 1-year period	16.21%	10.01%	+6.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.88%	20.42%	-0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	20.42%	-0.54%

IFED vs. QTJL - Expense Ratio Comparison

IFED has a 0.45% expense ratio, which is lower than QTJL's 0.79% expense ratio.

Dividends

IFED vs. QTJL - Dividend Comparison

Neither IFED nor QTJL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IFED and QTJL in my portfolio?

IFED and QTJL have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFED or QTJL?

IFED has higher volatility (4.50%) compared to QTJL (0.31%). In terms of maximum drawdown, IFED dropped -22.36% vs QTJL's -33.40%.

Which ETF is better, IFED or QTJL?

On 3-year performance, QTJL leads with 19.20% vs 16.71% for IFED. On fees, IFED is cheaper at 0.45% 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.

Which ETF has performed better, IFED or QTJL?

Over the 3-year period, QTJL has performed better with a 19.20% return vs 16.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFED or QTJL?

IFED is cheaper with a 0.45% expense ratio, compared with 0.79% for QTJL.

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

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

What is the main difference between IFED and QTJL?

They also come from different issuers: UBS and Innovator. Their fees differ too: 0.45% for IFED and 0.79% for QTJL.

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (2.06 vs 0.12), 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.