KLAG vs. QTAP
KLAG (Leverage Shares 2X Long KLAC Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. KLAG is passively managed, while QTAP is actively managed. At a 0.48 correlation, their price movements are largely independent. KLAG charges 0.75%/yr vs 0.79%/yr for QTAP.
Performance
KLAG vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, KLAG achieves a 156.16% return, which is significantly higher than QTAP's 14.58% return.
KLAG
- 1D
- 0.41%
- 1M
- 47.07%
- YTD
- 156.16%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -0.08%
- 1M
- 2.33%
- YTD
- 14.58%
- 6M
- 15.43%
- 1Y
- 25.33%
- 3Y*
- 21.09%
- 5Y*
- 13.77%
- 10Y*
- —
KLAG vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KLAG Leverage Shares 2X Long KLAC Daily ETF | 156.16% | -1.92% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.58% | 0.56% |
Correlation
The correlation between KLAG and QTAP is 0.48, 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 Dec 19, 2025 | 0.48 |
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Return for Risk
KLAG vs. QTAP — Risk / Return Rank
KLAG
QTAP
KLAG vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long KLAC Daily ETF (KLAG) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| KLAG | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.57 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 6.15 | 0.75 | +5.40 |
Drawdowns
KLAG vs. QTAP - Drawdown Comparison
The maximum KLAG drawdown since its inception was -42.37%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for KLAG and QTAP.
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Drawdown Indicators
| KLAG | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.37% | -29.44% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.69% | — |
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 | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -15.46% | -5.03% | -10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
KLAG vs. QTAP - Volatility Comparison
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Volatility by Period
| KLAG | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.30% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 108.73% | 5.56% | +103.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 108.73% | 18.88% | +89.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.73% | 18.77% | +89.96% |
KLAG vs. QTAP - Expense Ratio Comparison
KLAG has a 0.75% expense ratio, which is lower than QTAP's 0.79% expense ratio.
Dividends
KLAG vs. QTAP - Dividend Comparison
Neither KLAG nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
KLAG and QTAP have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KLAG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KLAG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.
KLAG and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for KLAG and 0.79% for QTAP.
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