QTAP vs. FIGG
QTAP (Innovator Growth Accelerated Plus ETF - April) and FIGG (Leverage Shares 2X Long FIG Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. QTAP charges 0.79%/yr vs 0.75%/yr for FIGG.
Performance
QTAP vs. FIGG - Performance Comparison
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Returns By Period
In the year-to-date period, QTAP achieves a 14.38% return, which is significantly higher than FIGG's -74.81% return.
QTAP
- 1D
- 0.02%
- 1M
- -0.25%
- 6M
- 13.89%
- YTD
- 14.38%
- 1Y
- 21.22%
- 3Y*
- 19.42%
- 5Y*
- 12.77%
- 10Y*
- —
FIGG
- 1D
- -2.11%
- 1M
- 50.21%
- 6M
- -66.00%
- YTD
- -74.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP vs. FIGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 14.38% | 2.49% |
FIGG Leverage Shares 2X Long FIG Daily ETF | -74.81% | -68.14% |
Correlation
The correlation between QTAP and FIGG is 0.14, 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 14, 2025 | 0.14 |
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Return for Risk
QTAP vs. FIGG — Risk / Return Rank
QTAP
FIGG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP vs. FIGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Leverage Shares 2X Long FIG Daily ETF (FIGG). 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.
| QTAP | FIGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.84 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.56 | — | — |
| Martin ratioReturn relative to average drawdown | 43.97 | — | — |
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Drawdowns
QTAP vs. FIGG - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum FIGG drawdown of -95.77%. Use the drawdown chart below to compare losses from any high point for QTAP and FIGG.
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Drawdown Indicators
| QTAP | FIGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -95.77% | +66.33% |
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 | -0.35% | -92.15% | +91.80% |
Average DrawdownAverage peak-to-trough decline | -4.95% | -79.16% | +74.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.48% | — | — |
Volatility
QTAP vs. FIGG - Volatility Comparison
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Volatility by Period
| QTAP | FIGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 149.82% | -143.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 149.82% | -130.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 149.82% | -131.19% |
QTAP vs. FIGG - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is higher than FIGG's 0.75% expense ratio.
Dividends
QTAP vs. FIGG - Dividend Comparison
Neither QTAP nor FIGG has paid dividends to shareholders.
Frequently Asked Questions
QTAP and FIGG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FIGG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FIGG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.
QTAP and FIGG have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for QTAP and 0.75% for FIGG.
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