KLAG vs. QTAP

Last updated Jul 11, 2026

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. A 0.57 correlation means they provide meaningful diversification when combined. KLAG charges 0.75%/yr vs 0.79%/yr for QTAP.

Performance

KLAG vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long KLAC Daily ETF (KLAG) and Innovator Growth Accelerated Plus ETF - April (QTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLAG achieves a 161.64% return, which is significantly higher than QTAP's 14.55% return.

KLAG

• 1D: 0.89%
• 1M: -25.65%
• 6M: 100.02%
• YTD: 161.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTAP

• 1D: 0.24%
• 1M: 0.85%
• 6M: 14.07%
• YTD: 14.55%
• 1Y: 21.57%
• 3Y*: 19.87%
• 5Y*: 12.65%
• 10Y*: —

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

KLAG vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025
KLAG Leverage Shares 2X Long KLAC Daily ETF	161.64%	-0.75%
QTAP Innovator Growth Accelerated Plus ETF - April	14.55%	0.74%

Correlation

The correlation between KLAG and QTAP is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025	0.57

Return for Risk

KLAG vs. QTAP — Risk / Return Rank

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

KLAG

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

QTAP

QTAP Risk / Return Rank: 97
QTAP Sharpe Ratio Rank: 96
QTAP Sortino Ratio Rank: 97
QTAP Omega Ratio Rank: 97
QTAP Calmar Ratio Rank: 97
QTAP Martin Ratio Rank: 98

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.

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.

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.

	KLAG	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	3.50	—
Sortino ratio: Return per unit of downside risk	—	5.67	—
Omega ratio: Gain probability vs. loss probability	—	1.87	—
Calmar ratio: Return relative to maximum drawdown	—	8.66	—
Martin ratio: Return relative to average drawdown	—	44.80	—

Drawdowns

KLAG vs. QTAP - Drawdown Comparison

The maximum KLAG drawdown since its inception was -51.10%, 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.

Drawdown Indicators

	KLAG	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-51.10%	-29.44%	-21.66%
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 Drawdown Current decline from peak	-44.52%	-0.20%	-44.32%
Average Drawdown Average peak-to-trough decline	-15.68%	-4.96%	-10.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.48%	—

Volatility

Volatility by Period

	KLAG	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	136.88%	6.17%	+130.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	136.88%	18.92%	+117.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	136.88%	18.64%	+118.24%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both KLAG and QTAP in my portfolio?

KLAG and QTAP have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KLAG or QTAP?

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.

Which ETF is cheaper, KLAG or QTAP?

KLAG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.

Which ETF pays a higher dividend yield, KLAG or QTAP?

KLAG and QTAP have nearly identical dividend yields, around 0.00%.

What is the main difference between KLAG and QTAP?

They also come from different issuers: Leverage Shares and Innovator. Their fees differ too: 0.75% for KLAG and 0.79% for QTAP.