PTIR vs. QTJL

Last updated Aug 4, 2026

PTIR (GraniteShares 2x Long PLTR Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. PTIR is passively managed, while QTJL is actively managed. Over the past year, PTIR returned -54.43% vs 13.57% for QTJL. Their 0.51 correlation means they have sometimes moved together and sometimes differently. PTIR charges 1.04%/yr vs 0.79%/yr for QTJL.

Performance

PTIR vs. QTJL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long PLTR Daily ETF (PTIR) and Innovator Growth Accelerated Plus ETF - July (QTJL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTIR achieves a -60.42% return, which is significantly lower than QTJL's 4.03% return.

PTIR

• 1D: 4.65%
• 1M: -7.52%
• 6M: -41.51%
• YTD: -60.42%
• 1Y: -54.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 170.19%

QTJL

• 1D: 1.43%
• 1M: -0.57%
• 6M: 2.72%
• YTD: 4.03%
• 1Y: 13.57%
• 3Y*: 17.40%
• 5Y*: 9.12%
• 10Y*: —
• ALL TIME*: 9.62%

*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)
PTIR GraniteShares 2x Long PLTR Daily ETF	$39.00M	$49.18M	$63.74M
QTJL Innovator Growth Accelerated Plus ETF - July	$205.17K	$322.53K	$250.53K

PTIR vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PTIR GraniteShares 2x Long PLTR Daily ETF	-60.42%	221.36%	425.36%
QTJL Innovator Growth Accelerated Plus ETF - July	4.03%	21.07%	10.52%

Correlation

The correlation between PTIR and QTJL is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	0.51

The correlation between PTIR and QTJL has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.

Return for Risk

PTIR vs. QTJL — Risk / Return Rank

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

PTIR

PTIR Risk / Return Rank: 5
PTIR Sharpe Ratio Rank: 5
PTIR Sortino Ratio Rank: 7
PTIR Omega Ratio Rank: 7
PTIR Calmar Ratio Rank: 4
PTIR Martin Ratio Rank: 4

QTJL

QTJL Risk / Return Rank: 49
QTJL Sharpe Ratio Rank: 45
QTJL Sortino Ratio Rank: 45
QTJL Omega Ratio Rank: 50
QTJL Calmar Ratio Rank: 43
QTJL Martin Ratio Rank: 62

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.

PTIR vs. QTJL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PLTR Daily ETF (PTIR) 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.

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.

	PTIR	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	1.16	-1.69
Sortino ratio: Return per unit of downside risk	-0.30	1.72	-2.02
Omega ratio: Gain probability vs. loss probability	0.96	1.24	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.69	1.61	-2.29
Martin ratio: Return relative to average drawdown	-1.12	7.83	-8.95

PTIR vs. QTJL - Sharpe Ratio Comparison

The current PTIR Sharpe Ratio is -0.52, which is lower than the QTJL Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of PTIR and QTJL, 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

PTIR vs. QTJL - Drawdown Comparison

The maximum PTIR drawdown since its inception was -79.40%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for PTIR and QTJL.

Drawdown Indicators

	PTIR	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-79.40%	-33.40%	-46.00%
Max Drawdown (1Y) Largest decline over 1 year	-79.40%	-8.48%	-70.92%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.43%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.40%	—
Current Drawdown Current decline from peak	-72.72%	-3.26%	-69.46%
Average Drawdown Average peak-to-trough decline	-31.14%	-7.74%	-23.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.78%	1.74%	+47.04%

Volatility

PTIR vs. QTJL - Volatility Comparison

GraniteShares 2x Long PLTR Daily ETF (PTIR) has a higher volatility of 27.20% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 6.50%. This indicates that PTIR's price experiences larger fluctuations and is considered to be riskier than QTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTIR	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.20%	6.50%	+20.70%
Volatility (6M) Calculated over the trailing 6-month period	81.38%	9.72%	+71.66%
Volatility (1Y) Calculated over the trailing 1-year period	104.63%	11.73%	+92.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	127.56%	20.45%	+107.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	127.56%	20.30%	+107.26%

PTIR vs. QTJL - Expense Ratio Comparison

PTIR has a 1.04% expense ratio, which is higher than QTJL's 0.79% expense ratio.

Dividends

PTIR vs. QTJL - Dividend Comparison

PTIR's dividend yield for the trailing twelve months is around 14.68%, while QTJL has not paid dividends to shareholders.

Position	TTM	2025
PTIR GraniteShares 2x Long PLTR Daily ETF	14.68%	5.81%
QTJL Innovator Growth Accelerated Plus ETF - July	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTIR and QTJL in my portfolio?

PTIR and QTJL have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTIR or QTJL?

PTIR has higher volatility (27.20%) compared to QTJL (6.50%). In terms of maximum drawdown, PTIR dropped -79.40% vs QTJL's -33.40%.

Which ETF is better, PTIR or QTJL?

On 1-year performance, QTJL leads with 13.57% vs -54.43% for PTIR. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTIR or QTJL?

Over the 1-year period, QTJL has performed better with a 13.57% return vs -54.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTIR or QTJL?

QTJL is cheaper with a 0.79% expense ratio, compared with 1.04% for PTIR.

Which ETF pays a higher dividend yield, PTIR or QTJL?

PTIR has the higher dividend yield at 14.68%, compared with 0.00% for QTJL.

What is the main difference between PTIR and QTJL?

They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.04% for PTIR and 0.79% for QTJL.

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.16 vs -0.52), 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.