QTAP vs. XDAP
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - April (QTAP) and Innovator U.S. Equity Accelerated ETF - April (XDAP).
QTAP and XDAP 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. XDAP is an actively managed fund by Innovator. It was launched on Apr 1, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTAP or XDAP.
Correlation
The correlation between QTAP and XDAP 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.
Performance
QTAP vs. XDAP - Performance Comparison
Key characteristics
QTAP:
1.53
XDAP:
1.72
QTAP:
2.08
XDAP:
2.32
QTAP:
1.34
XDAP:
1.38
QTAP:
1.87
XDAP:
2.12
QTAP:
8.67
XDAP:
10.88
QTAP:
2.01%
XDAP:
1.36%
QTAP:
11.33%
XDAP:
8.63%
QTAP:
-29.44%
XDAP:
-22.39%
QTAP:
-1.18%
XDAP:
-1.72%
Returns By Period
In the year-to-date period, QTAP achieves a 16.99% return, which is significantly higher than XDAP's 14.37% return.
QTAP
16.99%
1.45%
7.51%
17.24%
N/A
N/A
XDAP
14.37%
-0.36%
6.51%
15.29%
N/A
N/A
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QTAP vs. XDAP - Expense Ratio Comparison
Both QTAP and XDAP have an expense ratio of 0.79%.
Risk-Adjusted Performance
QTAP vs. XDAP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Innovator U.S. Equity Accelerated ETF - April (XDAP). 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. XDAP - Dividend Comparison
Neither QTAP nor XDAP has paid dividends to shareholders.
Drawdowns
QTAP vs. XDAP - Drawdown Comparison
The maximum QTAP drawdown since its inception was -29.44%, which is greater than XDAP's maximum drawdown of -22.39%. Use the drawdown chart below to compare losses from any high point for QTAP and XDAP. For additional features, visit the drawdowns tool.
Volatility
QTAP vs. XDAP - Volatility Comparison
Innovator Growth Accelerated Plus ETF - April (QTAP) has a higher volatility of 1.81% compared to Innovator U.S. Equity Accelerated ETF - April (XDAP) at 1.57%. This indicates that QTAP's price experiences larger fluctuations and is considered to be riskier than XDAP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.