QSU vs. XTAP
QSU (Defiance Daily Target 2X Long QS ETF) and XTAP (Innovator U.S. Equity Accelerated Plus ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.46 correlation, their price movements are largely independent. QSU charges 1.31%/yr vs 0.79%/yr for XTAP.
Performance
QSU vs. XTAP - Performance Comparison
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Returns By Period
In the year-to-date period, QSU achieves a -70.86% return, which is significantly lower than XTAP's 11.33% return.
QSU
- 1D
- -14.15%
- 1M
- -42.07%
- 6M
- -73.99%
- YTD
- -70.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XTAP
- 1D
- -0.12%
- 1M
- 0.34%
- 6M
- 11.30%
- YTD
- 11.33%
- 1Y
- 18.08%
- 3Y*
- 16.87%
- 5Y*
- 10.65%
- 10Y*
- —
QSU vs. XTAP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QSU Defiance Daily Target 2X Long QS ETF | -70.86% | -65.11% |
XTAP Innovator U.S. Equity Accelerated Plus ETF | 11.33% | 2.23% |
Correlation
The correlation between QSU and XTAP is 0.46, 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 | 0.46 |
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Return for Risk
QSU vs. XTAP — Risk / Return Rank
QSU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XTAP
QSU vs. XTAP - 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 U.S. Equity Accelerated Plus ETF (XTAP). 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 | XTAP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.99 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.78 | — |
| Martin ratioReturn relative to average drawdown | — | 56.86 | — |
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Drawdowns
QSU vs. XTAP - Drawdown Comparison
The maximum QSU drawdown since its inception was -92.77%, which is greater than XTAP's maximum drawdown of -22.13%. Use the drawdown chart below to compare losses from any high point for QSU and XTAP.
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Drawdown Indicators
| QSU | XTAP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.77% | -22.13% | -70.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.72% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.13% | — |
Current DrawdownCurrent decline from peak | -92.07% | -0.12% | -91.95% |
Average DrawdownAverage peak-to-trough decline | -75.36% | -3.41% | -71.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.32% | — |
Volatility
QSU vs. XTAP - Volatility Comparison
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Volatility by Period
| QSU | XTAP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.77% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 154.34% | 4.76% | +149.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 154.34% | 14.55% | +139.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 154.34% | 14.32% | +140.02% |
QSU vs. XTAP - Expense Ratio Comparison
QSU has a 1.31% expense ratio, which is higher than XTAP's 0.79% expense ratio.
Dividends
QSU vs. XTAP - Dividend Comparison
Neither QSU nor XTAP has paid dividends to shareholders.
Frequently Asked Questions
QSU and XTAP have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XTAP is cheaper with a 0.79% expense ratio, compared with 1.31% for QSU.
QSU and XTAP 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 XTAP.
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