QSU vs. QTAP
QSU (Defiance Daily Target 2X Long QS ETF) and QTAP (Innovator Growth Accelerated Plus ETF - April) are both Leveraged Equities funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. QSU charges 1.31%/yr vs 0.79%/yr for QTAP.
Performance
QSU vs. QTAP - Performance Comparison
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Returns By Period
In the year-to-date period, QSU achieves a -85.70% return, which is significantly lower than QTAP's 12.99% return.
QSU
- 1D
- -25.63%
- 1M
- -56.89%
- 6M
- -86.22%
- YTD
- -85.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
QTAP
- 1D
- -0.78%
- 1M
- 0.14%
- 6M
- 12.25%
- YTD
- 12.99%
- 1Y
- 19.02%
- 3Y*
- 18.85%
- 5Y*
- 12.10%
- 10Y*
- —
- ALL TIME*
- 13.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.22M | $1.05M | $1.81M | |
| $206.33K | $140.81K | $202.01K |
QSU vs. QTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QSU Defiance Daily Target 2X Long QS ETF | -85.70% | -65.11% |
QTAP Innovator Growth Accelerated Plus ETF - April | 12.99% | 1.98% |
Correlation
The correlation between QSU and QTAP is 0.44, 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 Oct 21, 2025 | 0.44 |
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Return for Risk
QSU vs. QTAP — Risk / Return Rank
QSU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP
QSU vs. QTAP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long QS ETF (QSU) 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.
| QSU | QTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.71 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.67 | — |
| Martin ratioReturn relative to average drawdown | — | 37.05 | — |
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Drawdowns
QSU vs. QTAP - Drawdown Comparison
The maximum QSU drawdown since its inception was -96.11%, which is greater than QTAP's maximum drawdown of -29.44%. Use the drawdown chart below to compare losses from any high point for QSU and QTAP.
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Drawdown Indicators
| QSU | QTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.11% | -29.44% | -66.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.49% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.44% | — |
Current DrawdownCurrent decline from peak | -96.11% | -1.56% | -94.55% |
Average DrawdownAverage peak-to-trough decline | -76.73% | -4.93% | -71.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.51% | — |
Volatility
QSU vs. QTAP - Volatility Comparison
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Volatility by Period
| QSU | QTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.55% | 6.35% | +148.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.55% | 18.92% | +135.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.55% | 18.59% | +135.96% |
QSU vs. QTAP - Expense Ratio Comparison
QSU has a 1.31% expense ratio, which is higher than QTAP's 0.79% expense ratio.
Dividends
QSU vs. QTAP - Dividend Comparison
Neither QSU nor QTAP has paid dividends to shareholders.
Frequently Asked Questions
QSU and QTAP have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTAP is cheaper with a 0.79% expense ratio, compared with 1.31% for QSU.
QSU and QTAP have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Defiance and Innovator. Their fees differ too: 1.31% for QSU and 0.79% for QTAP.
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