QBTX vs. QTJL

Last updated Jul 17, 2026

QBTX (Tradr 2X Long QBTS Daily ETF) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. Over the past year, QBTX returned -72.96% vs 13.53% for QTJL. At a 0.40 correlation, their price movements are largely independent. QBTX charges 1.30%/yr vs 0.79%/yr for QTJL.

Performance

QBTX vs. QTJL - 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 - July (QTJL). 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 QTJL's 4.13% return.

QBTX

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

QTJL

• 1D: -1.51%
• 1M: -2.95%
• 6M: 3.48%
• YTD: 4.13%
• 1Y: 13.53%
• 3Y*: 16.55%
• 5Y*: 9.73%
• 10Y*: —

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

QBTX vs. QTJL - Yearly Performance Comparison

	2026 (YTD)	2025
QBTX Tradr 2X Long QBTS Daily ETF	-78.05%	339.28%
QTJL Innovator Growth Accelerated Plus ETF - July	4.13%	29.90%

Correlation

The correlation between QBTX and QTJL 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 Apr 25, 2025	0.40

Return for Risk

QBTX vs. QTJL — 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

QTJL

QTJL Risk / Return Rank: 52
QTJL Sharpe Ratio Rank: 44
QTJL Sortino Ratio Rank: 44
QTJL Omega Ratio Rank: 50
QTJL Calmar Ratio Rank: 50
QTJL Martin Ratio Rank: 71

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. QTJL - 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 - 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.

	QBTX	QTJL	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	1.28	-1.61
Sortino ratio: Return per unit of downside risk	0.70	1.83	-1.13
Omega ratio: Gain probability vs. loss probability	1.07	1.26	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.77	2.03	-2.80
Martin ratio: Return relative to average drawdown	-1.00	10.11	-11.11

QBTX vs. QTJL - Sharpe Ratio Comparison

The current QBTX Sharpe Ratio is -0.34, which is lower than the QTJL Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of QBTX 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

QBTX vs. QTJL - Drawdown Comparison

The maximum QBTX drawdown since its inception was -95.48%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for QBTX and QTJL.

Drawdown Indicators

	QBTX	QTJL	Difference
Max Drawdown Largest peak-to-trough decline	-95.48%	-33.40%	-62.08%
Max Drawdown (1Y) Largest decline over 1 year	-95.48%	-6.68%	-88.80%
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	-94.93%	-3.17%	-91.76%
Average Drawdown Average peak-to-trough decline	-59.11%	-7.77%	-51.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	72.94%	1.34%	+71.60%

Volatility

QBTX vs. QTJL - Volatility Comparison

Tradr 2X Long QBTS Daily ETF (QBTX) has a higher volatility of 44.01% compared to Innovator Growth Accelerated Plus ETF - July (QTJL) at 4.19%. This indicates that QBTX'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

	QBTX	QTJL	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.01%	4.19%	+39.82%
Volatility (6M) Calculated over the trailing 6-month period	145.15%	8.42%	+136.73%
Volatility (1Y) Calculated over the trailing 1-year period	218.35%	10.63%	+207.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	237.52%	20.34%	+217.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	237.52%	20.27%	+217.25%

QBTX vs. QTJL - Expense Ratio Comparison

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

Dividends

QBTX vs. QTJL - Dividend Comparison

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

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

Frequently Asked Questions

Can I hold both QBTX and QTJL in my portfolio?

QBTX and QTJL 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, QBTX or QTJL?

QBTX has higher volatility (44.01%) compared to QTJL (4.19%). In terms of maximum drawdown, QBTX dropped -95.48% vs QTJL's -33.40%.

Which ETF is better, QBTX or QTJL?

On 1-year performance, QTJL leads with 13.53% vs -72.96% for QBTX. On fees, QTJL is cheaper at 0.79% per year. On volatility, QTJL has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QBTX or QTJL?

Over the 1-year period, QTJL has performed better with a 13.53% 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 QTJL?

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

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

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

What is the main difference between QBTX and QTJL?

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

Which has better risk-adjusted returns?

QTJL currently has the higher Sharpe Ratio (1.28 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.