QTAP vs. URTY
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - April (QTAP) and ProShares UltraPro Russell2000 (URTY).
QTAP and URTY 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. URTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (300%). It was launched on Feb 9, 2010.
Performance
QTAP vs. URTY - Performance Comparison
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QTAP vs. URTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTAP Innovator Growth Accelerated Plus ETF - April | 1.26% | 19.36% | 17.34% | 43.32% | -25.87% | 15.63% |
URTY ProShares UltraPro Russell2000 | -2.90% | 9.26% | 7.38% | 24.43% | -62.81% | -8.74% |
Returns By Period
In the year-to-date period, QTAP achieves a 1.26% return, which is significantly higher than URTY's -2.90% return.
QTAP
- 1D
- -0.51%
- 1M
- 0.09%
- YTD
- 1.26%
- 6M
- 3.74%
- 1Y
- 19.73%
- 3Y*
- 18.89%
- 5Y*
- —
- 10Y*
- —
URTY
- 1D
- 10.50%
- 1M
- -16.23%
- YTD
- -2.90%
- 6M
- -2.24%
- 1Y
- 51.62%
- 3Y*
- 11.95%
- 5Y*
- -13.62%
- 10Y*
- 4.55%
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QTAP vs. URTY - Expense Ratio Comparison
QTAP has a 0.79% expense ratio, which is lower than URTY's 0.95% expense ratio.
Return for Risk
QTAP vs. URTY — Risk / Return Rank
QTAP
URTY
QTAP vs. URTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and ProShares UltraPro Russell2000 (URTY). 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.
| QTAP | URTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.74 | +0.47 |
Sortino ratioReturn per unit of downside risk | 1.94 | 1.41 | +0.53 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.18 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.31 | +0.42 |
Martin ratioReturn relative to average drawdown | 12.34 | 4.15 | +8.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QTAP | URTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.22 | 0.74 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.20 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.16 | +0.46 |
Correlation
The correlation between QTAP and URTY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
QTAP vs. URTY - Dividend Comparison
QTAP has not paid dividends to shareholders, while URTY's dividend yield for the trailing twelve months is around 0.97%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
URTY ProShares UltraPro Russell2000 | 0.97% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% |
Drawdowns
QTAP vs. URTY - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for QTAP and URTY.
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Drawdown Indicators
| QTAP | URTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.44% | -88.09% | +58.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.04% | -37.70% | +25.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -82.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.09% | — |
Current DrawdownCurrent decline from peak | -0.51% | -60.03% | +59.52% |
Average DrawdownAverage peak-to-trough decline | -5.21% | -34.67% | +29.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 11.86% | -10.18% |
Volatility
QTAP vs. URTY - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - April (QTAP) is 0.76%, while ProShares UltraPro Russell2000 (URTY) has a volatility of 22.37%. This indicates that QTAP experiences smaller price fluctuations and is considered to be less risky than URTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTAP | URTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 22.37% | -21.61% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 43.33% | -40.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.31% | 69.68% | -53.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 67.50% | -48.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 69.20% | -50.18% |