QTAP vs. FIGG

Last updated Jun 5, 2026

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 0.26 correlation, their price movements are largely independent. QTAP charges 0.79%/yr vs 0.75%/yr for FIGG.

Performance

QTAP vs. FIGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - April (QTAP) and Leverage Shares 2X Long FIG Daily ETF (FIGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTAP achieves a 14.58% return, which is significantly higher than FIGG's -74.79% return.

QTAP

• 1D: -0.08%
• 1M: 2.33%
• YTD: 14.58%
• 6M: 15.43%
• 1Y: 25.33%
• 3Y*: 21.09%
• 5Y*: 13.77%
• 10Y*: —

FIGG

• 1D: -2.00%
• 1M: 21.95%
• YTD: -74.79%
• 6M: -77.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTAP vs. FIGG - Yearly Performance Comparison

	2026 (YTD)	2025
QTAP Innovator Growth Accelerated Plus ETF - April	14.58%	2.74%
FIGG Leverage Shares 2X Long FIG Daily ETF	-74.79%	-65.98%

Correlation

The correlation between QTAP and FIGG is 0.26, 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 15, 2025	0.26

Return for Risk

QTAP vs. FIGG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTAP

QTAP Risk / Return Rank: 98
QTAP Sharpe Ratio Rank: 97
QTAP Sortino Ratio Rank: 98
QTAP Omega Ratio Rank: 98
QTAP Calmar Ratio Rank: 98
QTAP Martin Ratio Rank: 98

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.

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.

	QTAP	FIGG	Difference
Sharpe ratio: Return per unit of total volatility	4.57	—	—
Sortino ratio: Return per unit of downside risk	8.42	—	—
Omega ratio: Gain probability vs. loss probability	2.21	—	—
Calmar ratio: Return relative to maximum drawdown	15.04	—	—
Martin ratio: Return relative to average drawdown	79.40	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	QTAP	FIGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.57	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	-0.66	+1.41

Drawdowns

QTAP vs. FIGG - Drawdown Comparison

The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum FIGG drawdown of -95.11%. Use the drawdown chart below to compare losses from any high point for QTAP and FIGG.

Drawdown Indicators

	QTAP	FIGG	Difference
Max Drawdown Largest peak-to-trough decline	-29.44%	-95.11%	+65.67%
Max Drawdown (1Y) Largest decline over 1 year	-1.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	—	—
Current Drawdown Current decline from peak	-0.18%	-92.15%	+91.97%
Average Drawdown Average peak-to-trough decline	-5.03%	-77.13%	+72.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.32%	—	—

Volatility

Volatility by Period

	QTAP	FIGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	147.92%	-142.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	147.92%	-129.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	147.92%	-129.15%

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.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QTAP and FIGG in my portfolio?

QTAP and FIGG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QTAP or FIGG?

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.

Which ETF is cheaper, QTAP or FIGG?

FIGG is cheaper with a 0.75% expense ratio, compared with 0.79% for QTAP.

Which ETF pays a higher dividend yield, QTAP or FIGG?

QTAP and FIGG have nearly identical dividend yields, around 0.00%.

What is the main difference between QTAP and FIGG?

They also come from different issuers: Innovator and Leverage Shares. Their fees differ too: 0.79% for QTAP and 0.75% for FIGG.