QBTX vs. QTAP

Last updated Jul 17, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Over the past year, QBTX returned -72.96% vs 20.69% for QTAP. At a 0.39 correlation, their price movements are largely independent. QBTX charges 1.30%/yr vs 0.79%/yr for QTAP.

Performance

QBTX vs. QTAP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long QBTS Daily ETF (QBTX) 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, QBTX achieves a -78.05% return, which is significantly lower than QTAP's 13.89% return.

QBTX

• 1D: -14.89%
• 1M: -53.04%
• 6M: -81.47%
• YTD: -78.05%
• 1Y: -72.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QTAP

• 1D: -0.43%
• 1M: -0.16%
• 6M: 13.32%
• YTD: 13.89%
• 1Y: 20.69%
• 3Y*: 18.98%
• 5Y*: 12.67%
• 10Y*: —

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

QBTX vs. QTAP - Yearly Performance Comparison

	2026 (YTD)	2025
QBTX Tradr 2X Long QBTS Daily ETF	-78.05%	339.28%
QTAP Innovator Growth Accelerated Plus ETF - April	13.89%	19.29%

Correlation

The correlation between QBTX and QTAP is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025	0.39

Return for Risk

QBTX vs. QTAP — Risk / Return Rank

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

QBTX

QBTX Risk / Return Rank: 9
QBTX Sharpe Ratio Rank: 6
QBTX Sortino Ratio Rank: 16
QBTX Omega Ratio Rank: 15
QBTX Calmar Ratio Rank: 3
QBTX Martin Ratio Rank: 5

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: 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.

QBTX vs. QTAP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long QBTS Daily ETF (QBTX) 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.

	QBTX	QTAP	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	3.34	-3.67
Sortino ratio: Return per unit of downside risk	0.70	5.37	-4.67
Omega ratio: Gain probability vs. loss probability	1.07	1.81	-0.73
Calmar ratio: Return relative to maximum drawdown	-0.77	8.34	-9.11
Martin ratio: Return relative to average drawdown	-1.00	42.65	-43.65

QBTX vs. QTAP - Sharpe Ratio Comparison

The current QBTX Sharpe Ratio is -0.34, which is lower than the QTAP Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of QBTX 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

QBTX vs. QTAP - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for QBTX and QTAP.

Drawdown Indicators

	QBTX	QTAP	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-29.44%	-66.04%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	-2.49%	-92.99%
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	-94.93%	-0.78%	-94.15%
Average Drawdown Average peak-to-trough decline	-59.11%	-4.94%	-54.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.94%	0.49%	+72.45%

Volatility

QBTX vs. QTAP - Volatility Comparison

Tradr 2X Long QBTS Daily ETF (QBTX) has a higher volatility of 44.01% compared to Innovator Growth Accelerated Plus ETF - April (QTAP) at 2.45%. This indicates that QBTX'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

	QBTX	QTAP	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.01%	2.45%	+41.56%
Volatility (6M) Calculated over the trailing 6-month period	145.15%	5.24%	+139.91%
Volatility (1Y) Calculated over the trailing 1-year period	218.35%	6.23%	+212.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.52%	18.92%	+218.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.52%	18.62%	+218.90%

QBTX vs. QTAP - Expense Ratio Comparison

QBTX has a 1.30% expense ratio, which is higher than QTAP's 0.79% expense ratio.

Dividends

QBTX vs. QTAP - Dividend Comparison

QBTX's dividend yield for the trailing twelve months is around 60.12%, while QTAP has not paid dividends to shareholders.

Position	TTM	2025
QBTX Tradr 2X Long QBTS Daily ETF	60.12%	13.20%
QTAP Innovator Growth Accelerated Plus ETF - April	0.00%	0.00%

Frequently Asked Questions

Can I hold both QBTX and QTAP in my portfolio?

QBTX and QTAP have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QBTX or QTAP?

QBTX has higher volatility (44.01%) compared to QTAP (2.45%). In terms of maximum drawdown, QBTX dropped -95.48% vs QTAP's -29.44%.

Which ETF is better, QBTX or QTAP?

On 1-year performance, QTAP leads with 20.69% vs -72.96% for QBTX. On fees, QTAP is cheaper at 0.79% per year. On volatility, QTAP has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBTX or QTAP?

Over the 1-year period, QTAP has performed better with a 20.69% return vs -72.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QBTX or QTAP?

QTAP is cheaper with a 0.79% expense ratio, compared with 1.30% for QBTX.

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

QBTX has the higher dividend yield at 60.12%, compared with 0.00% for QTAP.

What is the main difference between QBTX and QTAP?

They also come from different issuers: Tradr and Innovator. Their fees differ too: 1.30% for QBTX and 0.79% for QTAP.

Which has better risk-adjusted returns?

QTAP currently has the higher Sharpe Ratio (3.34 vs -0.34), 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.