QTJA vs. DIG
QTJA (Innovator Growth Accelerated Plus ETF - January) and DIG (ProShares Ultra Oil & Gas) are both exchange-traded funds - QTJA is a Options Trading fund actively managed by Innovator, while DIG is a Leveraged Equities fund tracking the Dow Jones U.S. Oil & Gas Index (200%). QTJA is actively managed, while DIG is passively managed. Over the past 3 years, QTJA returned 16.58%/yr vs 19.53%/yr for DIG. At a 0.15 correlation, their price movements are largely independent. QTJA charges 0.79%/yr vs 0.95%/yr for DIG.
Performance
QTJA vs. DIG - Performance Comparison
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Returns By Period
In the year-to-date period, QTJA achieves a 9.25% return, which is significantly lower than DIG's 60.73% return.
QTJA
- 1D
- -0.57%
- 1M
- -0.23%
- 6M
- 8.36%
- YTD
- 9.25%
- 1Y
- 17.85%
- 3Y*
- 16.58%
- 5Y*
- —
- 10Y*
- —
DIG
- 1D
- 2.36%
- 1M
- 11.98%
- 6M
- 42.21%
- YTD
- 60.73%
- 1Y
- 70.16%
- 3Y*
- 19.53%
- 5Y*
- 33.82%
- 10Y*
- 4.21%
QTJA vs. DIG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QTJA Innovator Growth Accelerated Plus ETF - January | 9.25% | 18.86% | 18.47% | 25.56% | -34.45% |
DIG ProShares Ultra Oil & Gas | 60.73% | 2.73% | 0.93% | -13.04% | 125.34% |
Correlation
The correlation between QTJA and DIG is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2022 | 0.15 |
The correlation between QTJA and DIG shifts across timeframes, from -0.18 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QTJA vs. DIG — Risk / Return Rank
QTJA
DIG
QTJA vs. DIG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - January (QTJA) and ProShares Ultra Oil & Gas (DIG). 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.
| QTJA | DIG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.37 | -0.53 |
| Martin ratioReturn relative to average drawdown | 9.44 | 6.11 | +3.33 |
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Drawdowns
QTJA vs. DIG - Drawdown Comparison
The maximum QTJA drawdown since its inception was -36.07%, smaller than the maximum DIG drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for QTJA and DIG.
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Drawdown Indicators
| QTJA | DIG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -97.04% | +60.97% |
Max Drawdown (1Y)Largest decline over 1 year | -9.75% | -29.80% | +20.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -42.41% | +20.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.53% | — |
Current DrawdownCurrent decline from peak | -1.41% | -52.91% | +51.50% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -64.30% | +51.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 11.51% | -9.62% |
Volatility
QTJA vs. DIG - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - January (QTJA) is 2.97%, while ProShares Ultra Oil & Gas (DIG) has a volatility of 12.47%. This indicates that QTJA experiences smaller price fluctuations and is considered to be less risky than DIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTJA | DIG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 12.47% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 33.20% | -22.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 41.90% | -30.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 51.34% | -31.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.27% | 57.79% | -37.52% |
QTJA vs. DIG - Expense Ratio Comparison
QTJA has a 0.79% expense ratio, which is lower than DIG's 0.95% expense ratio.
Dividends
QTJA vs. DIG - Dividend Comparison
QTJA has not paid dividends to shareholders, while DIG's dividend yield for the trailing twelve months is around 1.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIG ProShares Ultra Oil & Gas | 1.54% | 2.62% | 3.13% | 0.61% | 1.33% | 2.24% | 3.18% | 2.72% | 2.30% | 1.76% | 1.09% | 1.56% |
QTJA Innovator Growth Accelerated Plus ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTJA and DIG have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIG has higher volatility (12.47%) compared to QTJA (2.97%). In terms of maximum drawdown, QTJA dropped -36.07% vs DIG's -97.04%.
On 3-year performance, DIG leads with 19.53% vs 16.58% for QTJA. On fees, QTJA is cheaper at 0.79% per year. On volatility, QTJA has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DIG has performed better with a 19.53% return vs 16.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QTJA is cheaper with a 0.79% expense ratio, compared with 0.95% for DIG.
DIG has the higher dividend yield at 1.54%, compared with 0.00% for QTJA.
QTJA is categorized as Options Trading, while DIG is Leveraged Equities. They also come from different issuers: Innovator and ProShares. Their fees differ too: 0.79% for QTJA and 0.95% for DIG.
DIG currently has the higher Sharpe Ratio (1.68 vs 1.60), 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.
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