QQUP vs. QTJL
QQUP (ProShares Ultra Top QQQ) and QTJL (Innovator Growth Accelerated Plus ETF - July) are both Leveraged Equities funds. QQUP is passively managed, while QTJL is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. QQUP charges 0.95%/yr vs 0.79%/yr for QTJL.
Performance
QQUP vs. QTJL - Performance Comparison
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Returns By Period
In the year-to-date period, QQUP achieves a 14.50% return, which is significantly higher than QTJL's 7.15% return.
QQUP
- 1D
- -3.99%
- 1M
- 7.57%
- YTD
- 14.50%
- 6M
- 8.63%
- 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*
- —
QQUP vs. QTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QQUP ProShares Ultra Top QQQ | 14.50% | 44.45% |
QTJL Innovator Growth Accelerated Plus ETF - July | 7.15% | 11.27% |
Correlation
The correlation between QQUP and QTJL is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025 | 0.81 |
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Return for Risk
QQUP vs. QTJL — Risk / Return Rank
QQUP
QTJL
QQUP vs. QTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Top QQQ (QQUP) 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
| QQUP | 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 | 1.77 | 0.52 | +1.25 |
Drawdowns
QQUP vs. QTJL - Drawdown Comparison
The maximum QQUP drawdown since its inception was -37.67%, which is greater than QTJL's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for QQUP and QTJL.
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Drawdown Indicators
| QQUP | QTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.67% | -33.40% | -4.27% |
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 | -6.42% | -0.01% | -6.41% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -7.94% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.27% | — |
Volatility
QQUP vs. QTJL - Volatility Comparison
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Volatility by Period
| QQUP | 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 | 38.52% | 10.01% | +28.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.52% | 20.42% | +18.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.52% | 20.42% | +18.10% |
QQUP vs. QTJL - Expense Ratio Comparison
QQUP has a 0.95% expense ratio, which is higher than QTJL's 0.79% expense ratio.
Dividends
QQUP vs. QTJL - Dividend Comparison
QQUP's dividend yield for the trailing twelve months is around 0.42%, while QTJL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
QQUP ProShares Ultra Top QQQ | 0.42% | 0.29% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% |
Frequently Asked Questions
QQUP and QTJL have a correlation of 0.81, 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 0.95% for QQUP.
QQUP has the higher dividend yield at 0.42%, compared with 0.00% for QTJL.
They also come from different issuers: ProShares and Innovator. Their fees differ too: 0.95% for QQUP and 0.79% for QTJL.
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