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QTAP vs. QLD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

QTAP vs. QLD

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - April (QTAP) and ProShares Ultra QQQ (QLD).

QTAP and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.

Performance

QTAP vs. QLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - April (QTAP) and ProShares Ultra QQQ (QLD). The values are adjusted to include any dividend payments, if applicable.

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QTAP vs. QLD - Yearly Performance Comparison

2026 (YTD)20252024202320222021
QTAP
Innovator Growth Accelerated Plus ETF - April		1.26%19.36%17.34%43.32%-25.87%15.63%
QLD
ProShares Ultra QQQ		-13.35%30.36%42.82%117.72%-60.52%46.78%

Returns By Period

In the year-to-date period, QTAP achieves a 1.26% return, which is significantly higher than QLD's -13.35% return.

QTAP

1D
-0.51%
1M
0.09%
YTD
1.26%
6M
3.74%
1Y
19.73%
3Y*
18.89%
5Y*
—
10Y*
—

QLD

1D
6.72%
1M
-10.26%
YTD
-13.35%
6M
-11.03%
1Y
37.53%
3Y*
35.41%
5Y*
15.27%
10Y*
29.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Innovator Growth Accelerated Plus ETF - April

ProShares Ultra QQQ

Often compared with QTAP:
QTAP vs. QQQQTAP vs. XTAPQTAP vs. QYLGQTAP vs. XLKQTAP vs. SPMOQTAP vs. QQQMQTAP vs. NFLU
Often compared with QLD:
QLD vs. QQQQLD vs. TQQQQLD vs. SSOQLD vs. QQQMQLD vs. UPROQLD vs. VOOQLD vs. SPY

QTAP vs. QLD - Expense Ratio Comparison

QTAP has a 0.79% expense ratio, which is lower than QLD's 0.95% expense ratio.

QLD
ProShares Ultra QQQ
QTAP
Innovator Growth Accelerated Plus ETF - April

Return for Risk

QTAP vs. QLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
QTAP
QTAP Risk / Return Rank: 8080
Overall Rank
QTAP Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
QTAP Sortino Ratio Rank: 7676
Sortino Ratio Rank
QTAP Omega Ratio Rank: 9595
Omega Ratio Rank
QTAP Calmar Ratio Rank: 6868
Calmar Ratio Rank
QTAP Martin Ratio Rank: 9191
Martin Ratio Rank
QLD
QLD Risk / Return Rank: 5757
Overall Rank
QLD Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
QLD Sortino Ratio Rank: 5959
Sortino Ratio Rank
QLD Omega Ratio Rank: 5858
Omega Ratio Rank
QLD Calmar Ratio Rank: 6363
Calmar Ratio Rank
QLD Martin Ratio Rank: 5555
Martin Ratio Rank
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. QLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and ProShares Ultra QQQ (QLD). 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.

QTAPQLDDifference

Sharpe ratio

Return per unit of total volatility

1.22

0.84

+0.38

Sortino ratio

Return per unit of downside risk

1.94

1.43

+0.51

Omega ratio

Gain probability vs. loss probability

1.48

1.20

+0.27

Calmar ratio

Return relative to maximum drawdown

1.73

1.49

+0.24

Martin ratio

Return relative to average drawdown

12.34

4.88

+7.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTAP vs. QLD - Sharpe Ratio Comparison

The current QTAP Sharpe Ratio is 1.22, which is higher than the QLD Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of QTAP and QLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

QTAPQLDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.22

0.84

+0.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.34

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.53

+0.09

Correlation

The correlation between QTAP and QLD is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

QTAP vs. QLD - Dividend Comparison

QTAP has not paid dividends to shareholders, while QLD's dividend yield for the trailing twelve months is around 0.19%.

TTM20252024202320222021202020192018201720162015
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%
QLD
ProShares Ultra QQQ		0.19%0.17%0.25%0.33%0.31%0.00%0.00%0.13%0.06%0.02%0.21%0.11%

Drawdowns

QTAP vs. QLD - Drawdown Comparison

The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for QTAP and QLD.

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Drawdown Indicators

QTAPQLDDifference

Max Drawdown

Largest peak-to-trough decline

-29.44%

-83.13%

+53.69%

Max Drawdown (1Y)

Largest decline over 1 year

-12.04%

-25.13%

+13.09%

Max Drawdown (5Y)

Largest decline over 5 years

—

-63.68%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.68%

—

Current Drawdown

Current decline from peak

-0.51%

-20.10%

+19.59%

Average Drawdown

Average peak-to-trough decline

-5.21%

-18.30%

+13.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

7.67%

-5.99%

Volatility

QTAP vs. QLD - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - April (QTAP) is 0.76%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. This indicates that QTAP experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

QTAPQLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.76%

12.96%

-12.20%

Volatility (6M)

Calculated over the trailing 6-month period

2.75%

25.55%

-22.80%

Volatility (1Y)

Calculated over the trailing 1-year period

16.31%

44.91%

-28.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.02%

44.77%

-25.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.02%

44.47%

-25.45%