KEEX vs. QTAP
KEEX (Defiance Daily Target 2X Long KEEL ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. KEEX charges 1.31%/yr vs 0.79%/yr for QTAP.
Performance
KEEX vs. QTAP - Performance Comparison
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Returns By Period
KEEX
- 1D
- -2.44%
- 1M
- -7.60%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- 0.44%
- 1M
- -0.36%
- YTD
- 14.37%
- 6M
- 14.14%
- 1Y
- 21.91%
- 3Y*
- 19.83%
- 5Y*
- 12.83%
- 10Y*
- —
KEEX vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
KEEX Defiance Daily Target 2X Long KEEL ETF | 161.55% |
QTAP Innovator Growth Accelerated Plus ETF - April | 3.22% |
Correlation
The correlation between KEEX and QTAP is 0.33, 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 Apr 27, 2026 | 0.33 |
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Return for Risk
KEEX vs. QTAP — Risk / Return Rank
KEEX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
KEEX vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long KEEL ETF (KEEX) 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.
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.
| KEEX | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 8.83 | — |
| Martin ratioReturn relative to average drawdown | — | 47.62 | — |
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Drawdowns
KEEX vs. QTAP - Drawdown Comparison
The maximum KEEX drawdown since its inception was -33.20%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for KEEX and QTAP.
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Drawdown Indicators
| KEEX | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.20% | -29.44% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
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 | -27.13% | -0.36% | -26.77% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -4.98% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.46% | — |
Volatility
KEEX vs. QTAP - Volatility Comparison
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Volatility by Period
| KEEX | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 191.26% | 6.10% | +185.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 191.26% | 18.92% | +172.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.26% | 18.69% | +172.57% |
KEEX vs. QTAP - Expense Ratio Comparison
KEEX has a 1.31% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
KEEX vs. QTAP - Dividend Comparison
Neither KEEX nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
KEEX and QTAP have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTAP is cheaper with a 0.79% expense ratio, compared with 1.31% for KEEX.
KEEX and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for KEEX and 0.79% for QTAP.
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