QTAP vs. SZK
QTAP (Innovator Growth Accelerated Plus ETF - April) and SZK (ProShares UltraShort Consumer Goods) are both Leveraged Equities funds. QTAP is actively managed, while SZK is passively managed. Over the past 5 years, QTAP returned 12.49%/yr vs -4.12%/yr for SZK. Their -0.45 correlation means they have often moved in opposite directions in the past. QTAP charges 0.79%/yr vs 0.95%/yr for SZK.
Performance
QTAP vs. SZK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QTAP achieves a 15.59% return, which is significantly higher than SZK's -18.22% return.
QTAP
- 1D
- 0.03%
- 1M
- 1.24%
- 6M
- 15.02%
- YTD
- 15.59%
- 1Y
- 21.61%
- 3Y*
- 20.08%
- 5Y*
- 12.49%
- 10Y*
- —
- ALL TIME*
- 13.79%
SZK
- 1D
- -0.26%
- 1M
- -3.10%
- 6M
- 2.45%
- YTD
- -18.22%
- 1Y
- -11.75%
- 3Y*
- -6.63%
- 5Y*
- -4.12%
- 10Y*
- -16.27%
- ALL TIME*
- -19.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $241.79K | $219.11K | $201.05K | |
| $56.40K | $61.28K | $43.80K |
QTAP vs. SZK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 15.59% | 19.36% | 17.34% | 43.32% | -25.87% | 15.95% |
SZK ProShares UltraShort Consumer Goods | -18.22% | 3.37% | -11.33% | -3.10% | 47.20% | -32.64% |
Correlation
The correlation between QTAP and SZK is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | -0.45 |
The correlation between QTAP and SZK shifts across timeframes, from -0.45 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QTAP vs. SZK — Risk / Return Rank
QTAP
SZK
QTAP vs. SZK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and ProShares UltraShort Consumer Goods (SZK). 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 | SZK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.71 | ||
| Sortino ratioReturn per unit of downside risk | +5.75 | ||
| Omega ratioGain probability vs. loss probability | 1.78 | 0.95 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 7.72 | -0.40 | +8.12 |
| Martin ratioReturn relative to average drawdown | 37.02 | -0.77 | +37.78 |
Loading charts...
Drawdowns
QTAP vs. SZK - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum SZK drawdown of -99.40%. Use the drawdown chart below to compare losses from any high point for QTAP and SZK.
Loading charts...
Drawdown Indicators
| QTAP | SZK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -99.40% | +69.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -29.26% | +26.45% |
Max Drawdown (3Y)Largest decline over 3 years | -13.03% | -41.81% | +28.78% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | -41.81% | +12.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.78% | — |
Current DrawdownCurrent decline from peak | 0.00% | -99.31% | +99.31% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -82.13% | +77.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 15.39% | -14.80% |
Volatility
QTAP vs. SZK - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - April (QTAP) is 2.79%, while ProShares UltraShort Consumer Goods (SZK) has a volatility of 11.39%. This indicates that QTAP experiences smaller price fluctuations and is considered to be less risky than SZK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QTAP | SZK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 11.39% | -8.60% |
Volatility (6M)Calculated over the trailing 6-month period | 5.78% | 22.80% | -17.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.60% | 28.20% | -21.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 31.97% | -13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 33.77% | -15.22% |
QTAP vs. SZK - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is lower than SZK's 0.95% expense ratio.
Dividends
QTAP vs. SZK - Dividend Comparison
QTAP has not paid dividends to shareholders, while SZK's dividend yield for the trailing twelve months is around 2.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
SZK ProShares UltraShort Consumer Goods | 2.81% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% |
Frequently Asked Questions
QTAP and SZK have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SZK has higher volatility (11.39%) compared to QTAP (2.79%). In terms of maximum drawdown, QTAP dropped -29.44% vs SZK's -99.40%.
On 5-year performance, QTAP leads with 12.49% vs -4.12% for SZK. On fees, QTAP is cheaper at 0.79% per year. On volatility, QTAP has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QTAP has performed better with a 12.49% return vs -4.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTAP is cheaper with a 0.79% expense ratio, compared with 0.95% for SZK.
SZK has the higher dividend yield at 2.81%, compared with 0.00% for QTAP.
They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for QTAP and 0.95% for SZK.
QTAP currently has the higher Sharpe Ratio (3.29 vs -0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for QTAP and SZK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer