PLU vs. QTAP

Last updated Aug 1, 2026

PLU (Defiance Daily Target 2X Long PL ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. PLU is passively managed, while QTAP is actively managed. Their 0.28 correlation means their historical movements had little consistent relationship. PLU charges 1.31%/yr vs 0.79%/yr for QTAP.

Performance

PLU vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long PL ETF (PLU) and Innovator Growth Accelerated Plus ETF - April (QTAP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PLU

• 1D: 1.64%
• 1M: -59.80%
• 6M: -67.55%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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)
PLU Defiance Daily Target 2X Long PL ETF	$846.68K	$1.41M	$9.38M
QTAP Innovator Growth Accelerated Plus ETF - April	$235.81K	$225.86K	$220.48K

PLU vs. QTAP - Yearly Performance Comparison

	2026 (YTD)
PLU Defiance Daily Target 2X Long PL ETF	-58.39%
QTAP Innovator Growth Accelerated Plus ETF - April	13.17%

Correlation

The correlation between PLU and QTAP is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.28

Return for Risk

PLU vs. QTAP — Risk / Return Rank

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

PLU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PLU vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long PL ETF (PLU) 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.

	PLU	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.95	—
Sortino ratio: Return per unit of downside risk	—	4.74	—
Omega ratio: Gain probability vs. loss probability	—	1.69	—
Calmar ratio: Return relative to maximum drawdown	—	6.93	—
Martin ratio: Return relative to average drawdown	—	33.23	—

Drawdowns

PLU vs. QTAP - Drawdown Comparison

The maximum PLU drawdown since its inception was -89.58%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for PLU and QTAP.

Drawdown Indicators

	PLU	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-89.58%	-29.44%	-60.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.81%	—
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	-88.51%	-1.05%	-87.46%
Average Drawdown Average peak-to-trough decline	-34.87%	-4.91%	-29.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.59%	—

Volatility

Volatility by Period

	PLU	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	203.39%	6.61%	+196.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	203.39%	18.92%	+184.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	203.39%	18.57%	+184.82%

PLU vs. QTAP - Expense Ratio Comparison

PLU has a 1.31% expense ratio, which is higher than QTAP's 0.79% expense ratio.

Dividends

PLU vs. QTAP - Dividend Comparison

Neither PLU nor QTAP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PLU and QTAP in my portfolio?

PLU and QTAP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLU or QTAP?

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.

Which ETF is cheaper, PLU or QTAP?

QTAP is cheaper with a 0.79% expense ratio, compared with 1.31% for PLU.

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

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

What is the main difference between PLU and QTAP?

They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for PLU and 0.79% for QTAP.