QTAP vs. LITX
QTAP (Innovator Growth Accelerated Plus ETF - April) and LITX (Tradr 2X Long LITE Daily ETF) are both Leveraged Equities funds. Both are actively managed. At a 0.20 correlation, their price movements are largely independent. QTAP charges 0.79%/yr vs 1.49%/yr for LITX.
Performance
QTAP vs. LITX - Performance Comparison
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Returns By Period
QTAP
- 1D
- 0.41%
- 1M
- -1.07%
- YTD
- 13.22%
- 6M
- 13.12%
- 1Y
- 21.83%
- 3Y*
- 20.17%
- 5Y*
- 12.76%
- 10Y*
- —
LITX
- 1D
- 4.61%
- 1M
- -17.41%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QTAP vs. LITX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 12.37% |
LITX Tradr 2X Long LITE Daily ETF | 273.83% |
Correlation
The correlation between QTAP and LITX is 0.20, 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 Jan 27, 2026 | 0.20 |
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Return for Risk
QTAP vs. LITX — Risk / Return Rank
QTAP
LITX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
QTAP vs. LITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Tradr 2X Long LITE Daily ETF (LITX). 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 | LITX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.80 | — | — |
| Martin ratioReturn relative to average drawdown | 48.87 | — | — |
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Drawdowns
QTAP vs. LITX - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum LITX drawdown of -51.46%. Use the drawdown chart below to compare losses from any high point for QTAP and LITX.
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Drawdown Indicators
| QTAP | LITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -51.46% | +22.02% |
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 | -1.36% | -40.64% | +39.28% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -17.59% | +12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | — | — |
Volatility
QTAP vs. LITX - Volatility Comparison
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Volatility by Period
| QTAP | LITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.94% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 194.79% | -188.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 194.79% | -175.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 194.79% | -176.09% |
QTAP vs. LITX - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is lower than LITX's 1.49% expense ratio.
Dividends
QTAP vs. LITX - Dividend Comparison
Neither QTAP nor LITX has paid dividends to shareholders.
Frequently Asked Questions
QTAP and LITX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QTAP is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QTAP is cheaper with a 0.79% expense ratio, compared with 1.49% for LITX.
QTAP and LITX have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Tradr. Their fees differ too: 0.79% for QTAP and 1.49% for LITX.
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