PBRG vs. QTAP
PBRG (Leverage Shares 2X Long PBR Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. PBRG is passively managed, while QTAP is actively managed. At a correlation of -0.08, they often move in opposite directions. PBRG charges 0.75%/yr vs 0.79%/yr for QTAP.
Performance
PBRG vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, PBRG achieves a 110.89% return, which is significantly higher than QTAP's 12.81% return.
PBRG
- 1D
- -3.51%
- 1M
- -27.22%
- YTD
- 110.89%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP
- 1D
- -1.54%
- 1M
- 0.15%
- YTD
- 12.81%
- 6M
- 13.51%
- 1Y
- 23.86%
- 3Y*
- 20.37%
- 5Y*
- 13.41%
- 10Y*
- —
PBRG vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBRG Leverage Shares 2X Long PBR Daily ETF | 110.89% | 7.59% |
QTAP Innovator Growth Accelerated Plus ETF - April | 12.81% | 0.56% |
Correlation
The correlation between PBRG and QTAP is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 19, 2025 | -0.08 |
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Return for Risk
PBRG vs. QTAP — Risk / Return Rank
PBRG
QTAP
PBRG vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) 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
| PBRG | QTAP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.15 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.14 | 0.73 | +6.41 |
Drawdowns
PBRG vs. QTAP - Drawdown Comparison
The maximum PBRG drawdown since its inception was -34.71%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for PBRG and QTAP.
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Drawdown Indicators
| PBRG | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.71% | -29.44% | -5.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.72% | — |
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 | -34.71% | -1.72% | -32.99% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -5.03% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.34% | — |
Volatility
PBRG vs. QTAP - Volatility Comparison
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Volatility by Period
| PBRG | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.03% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.31% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 70.61% | 5.80% | +64.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 70.61% | 18.89% | +51.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.61% | 18.77% | +51.84% |
PBRG vs. QTAP - Expense Ratio Comparison
PBRG has a 0.75% expense ratio, which is lower than QTAP's 0.79% expense ratio.
Dividends
PBRG vs. QTAP - Dividend Comparison
Neither PBRG nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
PBRG and QTAP have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBRG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.
PBRG 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 PBRG and 0.79% for QTAP.
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