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QTAP vs. QYLG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between QTAP and QYLG is 0.89, 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. QYLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - April (QTAP) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

QTAP:

0.95

QYLG:

0.41

Sortino Ratio

QTAP:

1.46

QYLG:

0.71

Omega Ratio

QTAP:

1.25

QYLG:

1.11

Calmar Ratio

QTAP:

1.46

QYLG:

0.40

Martin Ratio

QTAP:

6.85

QYLG:

1.45

Ulcer Index

QTAP:

2.77%

QYLG:

5.78%

Daily Std Dev

QTAP:

19.93%

QYLG:

21.29%

Max Drawdown

QTAP:

-29.44%

QYLG:

-29.98%

Current Drawdown

QTAP:

0.00%

QYLG:

-9.71%

Returns By Period

In the year-to-date period, QTAP achieves a 3.49% return, which is significantly higher than QYLG's -5.23% return.


QTAP

YTD

3.49%

1M

7.83%

6M

4.61%

1Y

18.44%

5Y*

N/A

10Y*

N/A

QYLG

YTD

-5.23%

1M

6.43%

6M

-4.87%

1Y

8.18%

5Y*

N/A

10Y*

N/A

*Annualized

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QTAP vs. QYLG - Expense Ratio Comparison

QTAP has a 0.79% expense ratio, which is higher than QYLG's 0.60% expense ratio.


Risk-Adjusted Performance

QTAP vs. QYLG — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTAP
The Risk-Adjusted Performance Rank of QTAP is 8686
Overall Rank
The Sharpe Ratio Rank of QTAP is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of QTAP is 8282
Sortino Ratio Rank
The Omega Ratio Rank of QTAP is 8787
Omega Ratio Rank
The Calmar Ratio Rank of QTAP is 8989
Calmar Ratio Rank
The Martin Ratio Rank of QTAP is 8989
Martin Ratio Rank

QYLG
The Risk-Adjusted Performance Rank of QYLG is 5252
Overall Rank
The Sharpe Ratio Rank of QYLG is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of QYLG is 5151
Sortino Ratio Rank
The Omega Ratio Rank of QYLG is 5353
Omega Ratio Rank
The Calmar Ratio Rank of QYLG is 5454
Calmar Ratio Rank
The Martin Ratio Rank of QYLG is 5151
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

QTAP vs. QYLG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG). 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.


The current QTAP Sharpe Ratio is 0.95, which is higher than the QYLG Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of QTAP and QYLG, 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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Dividends

QTAP vs. QYLG - Dividend Comparison

QTAP has not paid dividends to shareholders, while QYLG's dividend yield for the trailing twelve months is around 27.66%.


TTM20242023202220212020
QTAP
Innovator Growth Accelerated Plus ETF - April
0.00%0.00%0.00%0.00%0.00%0.00%
QYLG
Global X Nasdaq 100 Covered Call & Growth ETF
27.66%25.27%5.43%6.91%10.15%1.44%

Drawdowns

QTAP vs. QYLG - Drawdown Comparison

The maximum QTAP drawdown since its inception was -29.44%, roughly equal to the maximum QYLG drawdown of -29.98%. Use the drawdown chart below to compare losses from any high point for QTAP and QYLG. For additional features, visit the drawdowns tool.


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Volatility

QTAP vs. QYLG - Volatility Comparison

Innovator Growth Accelerated Plus ETF - April (QTAP) and Global X Nasdaq 100 Covered Call & Growth ETF (QYLG) have volatilities of 7.18% and 6.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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