PONX vs. QTJL
PONX (Tradr 2X Long PONY Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. PONX charges 1.30%/yr vs 0.79%/yr for QTJL.
Performance
PONX vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, PONX achieves a -61.90% return, which is significantly lower than QTJL's 7.15% return.
PONX
- 1D
- -9.11%
- 1M
- -5.37%
- YTD
- -61.90%
- 6M
- -61.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTJL
- 1D
- -0.01%
- 1M
- 1.20%
- YTD
- 7.15%
- 6M
- 7.91%
- 1Y
- 20.52%
- 3Y*
- 19.20%
- 5Y*
- —
- 10Y*
- —
PONX vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PONX Tradr 2X Long PONY Daily ETF | -61.90% | -31.52% |
QTJL Innovator Growth Accelerated Plus ETF - July | 7.15% | 4.87% |
Correlation
The correlation between PONX and QTJL is 0.48, 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 | 0.48 |
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Return for Risk
PONX vs. QTJL — Risk / Return Rank
PONX
QTJL
PONX vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long PONY Daily ETF (PONX) and Innovator Growth Accelerated Plus ETF - July (QTJL). 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
| PONX | QTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.55 | 0.52 | -1.07 |
Drawdowns
PONX vs. QTJL - Drawdown Comparison
The maximum PONX drawdown since its inception was -92.74%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for PONX and QTJL.
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Drawdown Indicators
| PONX | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.74% | -33.40% | -59.34% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.68% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.43% | — |
Current DrawdownCurrent decline from peak | -88.91% | -0.01% | -88.90% |
Average DrawdownAverage peak-to-trough decline | -65.33% | -7.94% | -57.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.27% | — |
Volatility
PONX vs. QTJL - Volatility Comparison
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Volatility by Period
| PONX | QTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.43% | 10.01% | +144.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.43% | 20.42% | +134.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.43% | 20.42% | +134.01% |
PONX vs. QTJL - Expense Ratio Comparison
PONX has a 1.30% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
PONX vs. QTJL - Dividend Comparison
Neither PONX nor QTJL has paid dividends to shareholders.
Frequently Asked Questions
PONX and QTJL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTJL is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTJL is cheaper with a 0.79% expense ratio, compared with 1.30% for PONX.
PONX and QTJL have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.30% for PONX and 0.79% for QTJL.
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