QTAP vs. XOMX

Last updated Aug 6, 2026

QTAP (Innovator Growth Accelerated Plus ETF - April) and XOMX (Direxion Daily XOM Bull 2X Shares) are both Leveraged Equities funds. Both are actively managed. Over the past year, QTAP returned 21.61% vs 87.37% for XOMX. Their -0.20 correlation means they have often moved in opposite directions in the past. QTAP charges 0.79%/yr vs 1.07%/yr for XOMX.

Performance

QTAP vs. XOMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - April (QTAP) and Direxion Daily XOM Bull 2X Shares (XOMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTAP achieves a 15.59% return, which is significantly lower than XOMX's 51.45% 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%

XOMX

• 1D: -1.38%
• 1M: 24.74%
• 6M: 7.61%
• YTD: 51.45%
• 1Y: 87.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 56.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QTAP Innovator Growth Accelerated Plus ETF - April	$241.79K	$219.11K	$201.05K
XOMX Direxion Daily XOM Bull 2X Shares	$1.44M	$1.17M	$1.10M

QTAP vs. XOMX - Yearly Performance Comparison

	2026 (YTD)	2025
QTAP Innovator Growth Accelerated Plus ETF - April	15.59%	24.37%
XOMX Direxion Daily XOM Bull 2X Shares	51.45%	17.15%

Correlation

The correlation between QTAP and XOMX is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.26
Correlation (All Time) Calculated using the full available price history since Apr 23, 2025	-0.20

QTAP vs. XOMX - Sectors Allocation Comparison

Sectors	QTAP	XOMX
Technology	50.7%	-
Communication Services	15.8%	-
Consumer Cyclical	12.5%	-
Consumer Defensive	8.7%	-
Healthcare	5.1%	-
Industrials	3.3%	-
Utilities	1.6%	-
Basic Materials	1.3%	-
Energy	0.7%	100.0%
Financial Services	0.2%	-
Real Estate	0.1%	-

Return for Risk

QTAP vs. XOMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QTAP

QTAP Risk / Return Rank: 97
QTAP Sharpe Ratio Rank: 96
QTAP Sortino Ratio Rank: 97
QTAP Omega Ratio Rank: 97
QTAP Calmar Ratio Rank: 97
QTAP Martin Ratio Rank: 97

XOMX

XOMX Risk / Return Rank: 55
XOMX Sharpe Ratio Rank: 66
XOMX Sortino Ratio Rank: 56
XOMX Omega Ratio Rank: 56
XOMX Calmar Ratio Rank: 55
XOMX Martin Ratio Rank: 43

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QTAP vs. XOMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - April (QTAP) and Direxion Daily XOM Bull 2X Shares (XOMX). 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	XOMX	Difference
Sharpe ratio: Return per unit of total volatility	3.29	1.76	+1.53
Sortino ratio: Return per unit of downside risk	5.33	2.21	+3.13
Omega ratio: Gain probability vs. loss probability	1.78	1.28	+0.50
Calmar ratio: Return relative to maximum drawdown	7.72	2.22	+5.50
Martin ratio: Return relative to average drawdown	37.02	5.31	+31.71

QTAP vs. XOMX - Sharpe Ratio Comparison

The current QTAP Sharpe Ratio is 3.29, which is higher than the XOMX Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of QTAP and XOMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

QTAP vs. XOMX - Drawdown Comparison

The maximum QTAP drawdown since its inception was -29.44%, smaller than the maximum XOMX drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for QTAP and XOMX.

Drawdown Indicators

	QTAP	XOMX	Difference
Max Drawdown Largest peak-to-trough decline	-29.44%	-39.64%	+10.20%
Max Drawdown (1Y) Largest decline over 1 year	-2.81%	-39.64%	+36.83%
Max Drawdown (3Y) Largest decline over 3 years	-13.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.44%	—	—
Current Drawdown Current decline from peak	0.00%	-23.69%	+23.69%
Average Drawdown Average peak-to-trough decline	-4.90%	-10.86%	+5.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.59%	16.52%	-15.93%

Volatility

QTAP vs. XOMX - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - April (QTAP) is 2.79%, while Direxion Daily XOM Bull 2X Shares (XOMX) has a volatility of 14.97%. This indicates that QTAP experiences smaller price fluctuations and is considered to be less risky than XOMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTAP	XOMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	14.97%	-12.18%
Volatility (6M) Calculated over the trailing 6-month period	5.78%	41.95%	-36.17%
Volatility (1Y) Calculated over the trailing 1-year period	6.60%	50.06%	-43.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.94%	48.38%	-29.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	48.38%	-29.83%

QTAP vs. XOMX - Expense Ratio Comparison

QTAP has a 0.79% expense ratio, which is lower than XOMX's 1.07% expense ratio.

Dividends

QTAP vs. XOMX - Dividend Comparison

QTAP has not paid dividends to shareholders, while XOMX's dividend yield for the trailing twelve months is around 1.74%.

Position	TTM	2025
QTAP Innovator Growth Accelerated Plus ETF - April	0.00%	0.00%
XOMX Direxion Daily XOM Bull 2X Shares	1.74%	1.73%

Frequently Asked Questions

Can I hold both QTAP and XOMX in my portfolio?

QTAP and XOMX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTAP or XOMX?

XOMX has higher volatility (14.97%) compared to QTAP (2.79%). In terms of maximum drawdown, QTAP dropped -29.44% vs XOMX's -39.64%.

Which ETF is better, QTAP or XOMX?

On 1-year performance, XOMX leads with 87.37% vs 21.61% for QTAP. 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.

Which ETF has performed better, QTAP or XOMX?

Over the 1-year period, XOMX has performed better with a 87.37% return vs 21.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTAP or XOMX?

QTAP is cheaper with a 0.79% expense ratio, compared with 1.07% for XOMX.

Which ETF pays a higher dividend yield, QTAP or XOMX?

XOMX has the higher dividend yield at 1.74%, compared with 0.00% for QTAP.

What is the main difference between QTAP and XOMX?

They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for QTAP and 1.07% for XOMX.

Which has better risk-adjusted returns?

QTAP currently has the higher Sharpe Ratio (3.29 vs 1.76), 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.