LABX vs. QTAP
LABX (Tradr 2X Long ALAB Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. LABX charges 1.30%/yr vs 0.79%/yr for QTAP.
Performance
LABX vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, LABX achieves a 189.84% return, which is significantly higher than QTAP's 14.78% return.
LABX
- 1D
- 22.88%
- 1M
- 181.79%
- YTD
- 189.84%
- 6M
- 262.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- 0.01%
- 1M
- 2.81%
- YTD
- 14.78%
- 6M
- 15.73%
- 1Y
- 26.07%
- 3Y*
- 21.22%
- 5Y*
- 14.09%
- 10Y*
- —
LABX vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LABX Tradr 2X Long ALAB Daily ETF | 189.84% | -46.45% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.78% | 3.92% |
Correlation
The correlation between LABX and QTAP is 0.31, 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 Aug 13, 2025 | 0.31 |
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Return for Risk
LABX vs. QTAP — Risk / Return Rank
LABX
QTAP
LABX vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ALAB Daily ETF (LABX) 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
| LABX | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.71 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.75 | -0.36 |
Drawdowns
LABX vs. QTAP - Drawdown Comparison
The maximum LABX drawdown since its inception was -90.93%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for LABX and QTAP.
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Drawdown Indicators
| LABX | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.93% | -29.44% | -61.49% |
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 | -4.44% | -0.00% | -4.44% |
Average DrawdownAverage peak-to-trough decline | -57.88% | -5.04% | -52.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
LABX vs. QTAP - Volatility Comparison
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Volatility by Period
| LABX | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 185.89% | 5.57% | +180.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 185.89% | 18.89% | +167.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 185.89% | 18.78% | +167.11% |
LABX vs. QTAP - Expense Ratio Comparison
LABX has a 1.30% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
LABX vs. QTAP - Dividend Comparison
Neither LABX nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
LABX and QTAP have a correlation of 0.31, 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 1.30% for LABX.
LABX and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.30% for LABX and 0.79% for QTAP.
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