NEBX vs. QTAP
NEBX (Tradr 2X Long NBIS Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. NEBX charges 1.30%/yr vs 0.79%/yr for QTAP.
Performance
NEBX vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, NEBX achieves a 498.05% return, which is significantly higher than QTAP's 14.78% return.
NEBX
- 1D
- -3.62%
- 1M
- 151.00%
- YTD
- 498.05%
- 6M
- 322.58%
- 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*
- —
NEBX vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEBX Tradr 2X Long NBIS Daily ETF | 498.05% | -43.34% |
QTAP Innovator Growth Accelerated Plus ETF - April | 14.78% | 3.32% |
Correlation
The correlation between NEBX and QTAP is 0.29, 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 Sep 10, 2025 | 0.29 |
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Return for Risk
NEBX vs. QTAP — Risk / Return Rank
NEBX
QTAP
NEBX vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long NBIS Daily ETF (NEBX) 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
| NEBX | 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 | 2.27 | 0.75 | +1.51 |
Drawdowns
NEBX vs. QTAP - Drawdown Comparison
The maximum NEBX drawdown since its inception was -77.97%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for NEBX and QTAP.
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Drawdown Indicators
| NEBX | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.97% | -29.44% | -48.53% |
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 | -3.62% | -0.00% | -3.62% |
Average DrawdownAverage peak-to-trough decline | -41.09% | -5.04% | -36.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
NEBX vs. QTAP - Volatility Comparison
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Volatility by Period
| NEBX | 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 | 193.29% | 5.57% | +187.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 193.29% | 18.89% | +174.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 193.29% | 18.78% | +174.51% |
NEBX vs. QTAP - Expense Ratio Comparison
NEBX has a 1.30% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
NEBX vs. QTAP - Dividend Comparison
Neither NEBX nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
NEBX and QTAP have a correlation of 0.29, 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 NEBX.
NEBX 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 NEBX and 0.79% for QTAP.
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