QTAP vs. FTSD
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - April (QTAP) and Franklin Short Duration U.S. Government ETF (FTSD).
QTAP and FTSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021. FTSD is an actively managed fund by Franklin Templeton. It was launched on Nov 4, 2013.
Performance
QTAP vs. FTSD - Performance Comparison
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QTAP vs. FTSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 1.26% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
FTSD Franklin Short Duration U.S. Government ETF | 0.40% | 5.66% | 5.20% | 4.84% | -3.13% | -0.69% |
Returns By Period
In the year-to-date period, QTAP achieves a 1.26% return, which is significantly higher than FTSD's 0.40% return.
QTAP
- 1D
- -0.51%
- 1M
- 0.09%
- YTD
- 1.26%
- 6M
- 3.74%
- 1Y
- 19.73%
- 3Y*
- 18.89%
- 5Y*
- —
- 10Y*
- —
FTSD
- 1D
- 0.06%
- 1M
- -0.13%
- YTD
- 0.40%
- 6M
- 1.94%
- 1Y
- 4.66%
- 3Y*
- 4.83%
- 5Y*
- 2.40%
- 10Y*
- 2.06%
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QTAP vs. FTSD - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is higher than FTSD's 0.25% expense ratio.
Return for Risk
QTAP vs. FTSD — Risk / Return Rank
QTAP
FTSD
QTAP vs. FTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Franklin Short Duration U.S. Government ETF (FTSD). 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 | FTSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 2.38 | -1.16 |
Sortino ratioReturn per unit of downside risk | 1.94 | 3.39 | -1.46 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.60 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 4.85 | -3.12 |
Martin ratioReturn relative to average drawdown | 12.34 | 22.05 | -9.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTAP | FTSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 2.38 | -1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.31 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.04 | -0.42 |
Correlation
The correlation between QTAP and FTSD is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
QTAP vs. FTSD - Dividend Comparison
QTAP has not paid dividends to shareholders, while FTSD's dividend yield for the trailing twelve months is around 4.55%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTSD Franklin Short Duration U.S. Government ETF | 4.55% | 4.67% | 4.75% | 4.14% | 1.73% | 1.01% | 1.54% | 2.90% | 2.63% | 2.24% | 1.92% | 1.52% |
Drawdowns
QTAP vs. FTSD - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, which is greater than FTSD's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for QTAP and FTSD.
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Drawdown Indicators
| QTAP | FTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -5.32% | -24.12% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -0.93% | -11.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.08% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.32% | — |
Current DrawdownCurrent decline from peak | -0.51% | -0.14% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -0.61% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.20% | +1.48% |
Volatility
QTAP vs. FTSD - Volatility Comparison
Innovator Growth Accelerated Plus ETF - April (QTAP) has a higher volatility of 0.76% compared to Franklin Short Duration U.S. Government ETF (FTSD) at 0.53%. This indicates that QTAP's price experiences larger fluctuations and is considered to be riskier than FTSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTAP | FTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.53% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 0.87% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 1.97% | +14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 1.83% | +17.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 1.79% | +17.23% |