PLTU vs. QTAP

Last updated Jun 25, 2026

PLTU (Direxion Daily PLTR Bull 2X Shares) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. Over the past year, PLTU returned -56.82% vs 21.29% for QTAP. A 0.53 correlation means they provide meaningful diversification when combined. PLTU charges 0.97%/yr vs 0.79%/yr for QTAP.

Performance

PLTU vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily PLTR Bull 2X Shares (PLTU) 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, PLTU achieves a -66.84% return, which is significantly lower than QTAP's 12.75% return.

PLTU

• 1D: -5.73%
• 1M: -34.38%
• YTD: -66.84%
• 6M: -72.33%
• 1Y: -56.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTAP

• 1D: -0.07%
• 1M: -0.97%
• YTD: 12.75%
• 6M: 12.65%
• 1Y: 21.29%
• 3Y*: 19.75%
• 5Y*: 12.66%
• 10Y*: —

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

PLTU vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	-66.84%	223.17%	14.77%
QTAP Innovator Growth Accelerated Plus ETF - April	12.75%	19.36%	-0.15%

Correlation

The correlation between PLTU and QTAP is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Dec 11, 2024	0.53

The correlation between PLTU and QTAP shifts across timeframes, from 0.41 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

PLTU vs. QTAP - Sectors Allocation Comparison

Sectors	PLTU	QTAP
Technology	100.0%	50.7%
Basic Materials	-	1.3%
Communication Services	-	15.8%
Consumer Cyclical	-	12.5%
Consumer Defensive	-	8.7%
Energy	-	0.7%
Financial Services	-	0.2%
Healthcare	-	5.1%
Industrials	-	3.3%
Real Estate	-	0.1%
Utilities	-	1.6%

Return for Risk

PLTU vs. QTAP — Risk / Return Rank

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

PLTU

PLTU Risk / Return Rank: 4
PLTU Sharpe Ratio Rank: 5
PLTU Sortino Ratio Rank: 6
PLTU Omega Ratio Rank: 5
PLTU Calmar Ratio Rank: 3
PLTU Martin Ratio Rank: 2

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: 96
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.

PLTU vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily PLTR Bull 2X Shares (PLTU) 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.

	PLTU	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	3.54	-4.09
Sortino ratio: Return per unit of downside risk	-0.39	5.75	-6.14
Omega ratio: Gain probability vs. loss probability	0.95	1.89	-0.94
Calmar ratio: Return relative to maximum drawdown	-0.74	8.59	-9.33
Martin ratio: Return relative to average drawdown	-1.33	48.57	-49.90

PLTU vs. QTAP - Sharpe Ratio Comparison

The current PLTU Sharpe Ratio is -0.55, which is lower than the QTAP Sharpe Ratio of 3.54. The chart below compares the historical Sharpe Ratios of PLTU 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

PLTU vs. QTAP - Drawdown Comparison

The maximum PLTU drawdown since its inception was -76.94%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for PLTU and QTAP.

Drawdown Indicators

	PLTU	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-76.94%	-29.44%	-47.50%
Max Drawdown (1Y) Largest decline over 1 year	-76.94%	-2.49%	-74.45%
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	-76.94%	-1.77%	-75.17%
Average Drawdown Average peak-to-trough decline	-33.19%	-4.99%	-28.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.70%	0.44%	+42.26%

Volatility

PLTU vs. QTAP - Volatility Comparison

Direxion Daily PLTR Bull 2X Shares (PLTU) has a higher volatility of 38.14% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 3.03%. This indicates that PLTU'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

	PLTU	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.14%	3.03%	+35.11%
Volatility (6M) Calculated over the trailing 6-month period	77.45%	4.94%	+72.51%
Volatility (1Y) Calculated over the trailing 1-year period	102.79%	6.09%	+96.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	126.39%	18.92%	+107.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	126.39%	18.71%	+107.68%

PLTU vs. QTAP - Expense Ratio Comparison

PLTU has a 0.97% expense ratio, which is higher than QTAP's 0.79% expense ratio.

Dividends

PLTU vs. QTAP - Dividend Comparison

PLTU's dividend yield for the trailing twelve months is around 71.89%, while QTAP has not paid dividends to shareholders.

Position	TTM	2025	2024
PLTU Direxion Daily PLTR Bull 2X Shares	71.89%	23.29%	0.12%
QTAP Innovator Growth Accelerated Plus ETF - April	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTU and QTAP in my portfolio?

PLTU and QTAP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTU or QTAP?

PLTU has higher volatility (38.14%) compared to QTAP (3.03%). In terms of maximum drawdown, PLTU dropped -76.94% vs QTAP's -29.44%.

Which ETF is better, PLTU or QTAP?

On 1-year performance, QTAP leads with 21.29% vs -56.82% for PLTU. On fees, QTAP is cheaper at 0.79% per year. On volatility, QTAP has been the lower-risk option at 3.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTU or QTAP?

Over the 1-year period, QTAP has performed better with a 21.29% return vs -56.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTU or QTAP?

QTAP is cheaper with a 0.79% expense ratio, compared with 0.97% for PLTU.

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

PLTU has the higher dividend yield at 71.89%, compared with 0.00% for QTAP.

What is the main difference between PLTU and QTAP?

They also come from different issuers: Direxion and Innovator. Their fees differ too: 0.97% for PLTU and 0.79% for QTAP.

Which has better risk-adjusted returns?

QTAP currently has the higher Sharpe Ratio (3.54 vs -0.55), 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.