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. Their 0.11 correlation means their historical movements had little consistent relationship. 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 15.59% return, which is significantly higher than FIGG's -68.07% return.
QTAP
- 1D
- 0.03%
- 1M
- 1.24%
- 6M
- 15.02%
- YTD
- 15.59%
- 1Y
- 21.61%
- 3Y*
- 20.08%
- 5Y*
- 12.49%
- 10Y*
- —
- ALL TIME*
- 13.79%
FIGG
- 1D
- 18.03%
- 1M
- 50.31%
- 6M
- 4.66%
- YTD
- -68.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.35M | $3.86M | $5.58M | |
| $241.79K | $219.11K | $201.05K |
QTAP vs. FIGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 15.59% | 2.49% |
FIGG Leverage Shares 2X Long FIG Daily ETF | -68.07% | -68.14% |
Correlation
The correlation between QTAP and FIGG is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.11 |
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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 | 1.78 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.72 | — | — |
| Martin ratioReturn relative to average drawdown | 37.02 | — | — |
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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 | -2.81% | — | — |
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 | 0.00% | -90.06% | +90.06% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -80.08% | +75.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | — | — |
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 | 2.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 151.21% | -144.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 151.21% | -132.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 151.21% | -132.66% |
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 0.11, 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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