NJUN vs. QTAP

Last updated Aug 1, 2026

NJUN (Innovator Growth-100 Power Buffer ETF - June) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both exchange-traded funds - NJUN is a Defined Outcome fund actively managed by Innovator, while QTAP is a Leveraged Equities fund actively managed by Innovator. Both are actively managed. Over the past year, NJUN returned 7.37% vs 20.30% for QTAP. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 0.79% expense ratio.

Performance

NJUN vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth-100 Power Buffer ETF - June (NJUN) 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, NJUN achieves a 1.28% return, which is significantly lower than QTAP's 13.57% return.

NJUN

• 1D: 0.65%
• 1M: -1.28%
• 6M: 0.68%
• YTD: 1.28%
• 1Y: 7.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.58%

QTAP

• 1D: 0.27%
• 1M: 0.15%
• 6M: 12.76%
• YTD: 13.57%
• 1Y: 20.30%
• 3Y*: 18.84%
• 5Y*: 12.30%
• 10Y*: —
• ALL TIME*: 13.45%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NJUN Innovator Growth-100 Power Buffer ETF - June	$369.68K	$455.51K	$2.98M
QTAP Innovator Growth Accelerated Plus ETF - April	$235.81K	$225.86K	$220.48K

NJUN vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NJUN Innovator Growth-100 Power Buffer ETF - June	1.28%	15.75%	8.06%
QTAP Innovator Growth Accelerated Plus ETF - April	13.57%	19.36%	12.11%

Correlation

The correlation between NJUN and QTAP is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Jun 3, 2024	0.89

The correlation between NJUN and QTAP has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

NJUN vs. QTAP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NJUN

NJUN Risk / Return Rank: 36
NJUN Sharpe Ratio Rank: 33
NJUN Sortino Ratio Rank: 31
NJUN Omega Ratio Rank: 34
NJUN Calmar Ratio Rank: 35
NJUN Martin Ratio Rank: 49

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: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NJUN vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth-100 Power Buffer ETF - June (NJUN) 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.

	NJUN	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	0.80	2.95	-2.15
Sortino ratio: Return per unit of downside risk	1.18	4.74	-3.55
Omega ratio: Gain probability vs. loss probability	1.16	1.69	-0.52
Calmar ratio: Return relative to maximum drawdown	1.19	6.93	-5.74
Martin ratio: Return relative to average drawdown	5.76	33.23	-27.47

NJUN vs. QTAP - Sharpe Ratio Comparison

The current NJUN Sharpe Ratio is 0.80, which is lower than the QTAP Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of NJUN and QTAP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NJUN vs. QTAP - Drawdown Comparison

The maximum NJUN drawdown since its inception was -12.59%, smaller than the maximum QTAP drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for NJUN and QTAP.

Drawdown Indicators

	NJUN	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-12.59%	-29.44%	+16.85%
Max Drawdown (1Y) Largest decline over 1 year	-5.52%	-2.81%	-2.71%
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	-3.33%	-1.05%	-2.28%
Average Drawdown Average peak-to-trough decline	-1.15%	-4.91%	+3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	0.59%	+0.55%

Volatility

NJUN vs. QTAP - Volatility Comparison

Innovator Growth-100 Power Buffer ETF - June (NJUN) has a higher volatility of 3.72% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 2.75%. This indicates that NJUN's price experiences larger fluctuations and is considered to be riskier than QTAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJUN	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	2.75%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	7.27%	5.69%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	8.23%	6.61%	+1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.01%	18.92%	-7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.01%	18.57%	-7.56%

NJUN vs. QTAP - Expense Ratio Comparison

Both NJUN and QTAP have an expense ratio of 0.79%.

Dividends

NJUN vs. QTAP - Dividend Comparison

Neither NJUN nor QTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NJUN and QTAP in my portfolio?

NJUN and QTAP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NJUN or QTAP?

NJUN has higher volatility (3.72%) compared to QTAP (2.75%). In terms of maximum drawdown, NJUN dropped -12.59% vs QTAP's -29.44%.

Which ETF is better, NJUN or QTAP?

On 1-year performance, QTAP leads with 20.30% vs 7.37% for NJUN. Both ETFs have the same 0.79% expense ratio. On volatility, QTAP has been the lower-risk option at 2.75%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NJUN or QTAP?

Over the 1-year period, QTAP has performed better with a 20.30% return vs 7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NJUN or QTAP?

NJUN and QTAP have the same expense ratio: 0.79% per year.

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

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

What is the main difference between NJUN and QTAP?

NJUN is categorized as Defined Outcome, while QTAP is Leveraged Equities.

Which has better risk-adjusted returns?

QTAP currently has the higher Sharpe Ratio (2.95 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.