QTAP vs. QQQ
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - April (QTAP) and Invesco QQQ (QQQ).
QTAP and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTAP or QQQ.
Key characteristics
| QTAP | QQQ | |
|---|---|---|
| YTD Return | 0.97% | 6.48% |
| 1Y Return | 20.59% | 38.66% |
| 3Y Return (Ann) | 7.02% | 10.38% |
| Sharpe Ratio | 2.29 | 2.33 |
| Daily Std Dev | 8.82% | 16.36% |
| Max Drawdown | -29.44% | -82.98% |
| Current Drawdown | -1.43% | -2.44% |
Correlation
The correlation between QTAP and QQQ is 0.94, 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.
Performance
QTAP vs. QQQ - Performance Comparison
In the year-to-date period, QTAP achieves a 0.97% return, which is significantly lower than QQQ's 6.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QTAP vs. QQQ - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
QTAP vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Invesco QQQ (QQQ). 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.
Dividends
QTAP vs. QQQ - Dividend Comparison
QTAP has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
QTAP vs. QQQ - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for QTAP and QQQ. For additional features, visit the drawdowns tool.
Volatility
QTAP vs. QQQ - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - April (QTAP) is 5.24%, while Invesco QQQ (QQQ) has a volatility of 5.81%. This indicates that QTAP experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.