QTJA vs. DIVN

Last updated Aug 4, 2026

QTJA (Innovator Growth Accelerated Plus ETF - January) and DIVN (Horizon Dividend Income ETF) are both exchange-traded funds - QTJA is a Options Trading fund actively managed by Innovator, while DIVN is a Large Cap Value Equities fund actively managed by Horizon. Both are actively managed. Over the past year, QTJA returned 19.98% vs 22.46% for DIVN. Their 0.26 correlation means their historical movements had little consistent relationship. QTJA charges 0.79%/yr vs 0.70%/yr for DIVN.

Performance

QTJA vs. DIVN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - January (QTJA) and Horizon Dividend Income ETF (DIVN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTJA achieves a 10.67% return, which is significantly lower than DIVN's 14.73% return.

QTJA

• 1D: 0.85%
• 1M: 1.11%
• 6M: 9.16%
• YTD: 10.67%
• 1Y: 19.98%
• 3Y*: 17.23%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.59%

DIVN

• 1D: -0.06%
• 1M: 1.08%
• 6M: 7.52%
• YTD: 14.73%
• 1Y: 22.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.56%

*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)
DIVN Horizon Dividend Income ETF	$11.52M	$5.71M	$2.75M
QTJA Innovator Growth Accelerated Plus ETF - January	$104.10K	$68.74K	$107.04K

QTJA vs. DIVN - Yearly Performance Comparison

	2026 (YTD)	2025
QTJA Innovator Growth Accelerated Plus ETF - January	10.67%	10.94%
DIVN Horizon Dividend Income ETF	14.73%	8.11%

Correlation

The correlation between QTJA and DIVN is 0.27, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.27
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.26

Return for Risk

QTJA vs. DIVN — Risk / Return Rank

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

QTJA

QTJA Risk / Return Rank: 70
QTJA Sharpe Ratio Rank: 70
QTJA Sortino Ratio Rank: 71
QTJA Omega Ratio Rank: 78
QTJA Calmar Ratio Rank: 53
QTJA Martin Ratio Rank: 76

DIVN

DIVN Risk / Return Rank: 86
DIVN Sharpe Ratio Rank: 85
DIVN Sortino Ratio Rank: 90
DIVN Omega Ratio Rank: 83
DIVN Calmar Ratio Rank: 90
DIVN Martin Ratio Rank: 79

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.

QTJA vs. DIVN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - January (QTJA) and Horizon Dividend Income ETF (DIVN). 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	DIVN	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.18	-0.43
Sortino ratio: Return per unit of downside risk	2.52	3.35	-0.83
Omega ratio: Gain probability vs. loss probability	1.35	1.39	-0.03
Calmar ratio: Return relative to maximum drawdown	2.06	4.06	-2.00
Martin ratio: Return relative to average drawdown	10.40	11.43	-1.02

QTJA vs. DIVN - Sharpe Ratio Comparison

The current QTJA Sharpe Ratio is 1.75, which is comparable to the DIVN Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of QTJA and DIVN, 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

QTJA vs. DIVN - Drawdown Comparison

The maximum QTJA drawdown since its inception was -36.07%, which is greater than DIVN's maximum drawdown of -5.55%. Use the drawdown chart below to compare losses from any high point for QTJA and DIVN.

Drawdown Indicators

	QTJA	DIVN	Difference
Max Drawdown Largest peak-to-trough decline	-36.07%	-5.55%	-30.52%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-5.55%	-4.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.73%	—	—
Current Drawdown Current decline from peak	-0.14%	-1.45%	+1.31%
Average Drawdown Average peak-to-trough decline	-12.84%	-1.35%	-11.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.97%	-0.05%

Volatility

QTJA vs. DIVN - Volatility Comparison

Innovator Growth Accelerated Plus ETF - January (QTJA) has a higher volatility of 3.49% compared to Horizon Dividend Income ETF (DIVN) at 3.04%. This indicates that QTJA's price experiences larger fluctuations and is considered to be riskier than DIVN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTJA	DIVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.04%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	7.52%	+2.88%
Volatility (1Y) Calculated over the trailing 1-year period	11.50%	10.36%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.22%	10.51%	+9.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.22%	10.51%	+9.71%

QTJA vs. DIVN - Expense Ratio Comparison

QTJA has a 0.79% expense ratio, which is higher than DIVN's 0.70% expense ratio.

Dividends

QTJA vs. DIVN - Dividend Comparison

QTJA has not paid dividends to shareholders, while DIVN's dividend yield for the trailing twelve months is around 3.70%.

Position	TTM	2025
DIVN Horizon Dividend Income ETF	3.70%	1.47%
QTJA Innovator Growth Accelerated Plus ETF - January	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTJA and DIVN in my portfolio?

QTJA and DIVN have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTJA or DIVN?

QTJA has higher volatility (3.49%) compared to DIVN (3.04%). In terms of maximum drawdown, QTJA dropped -36.07% vs DIVN's -5.55%.

Which ETF is better, QTJA or DIVN?

On 1-year performance, DIVN leads with 22.46% vs 19.98% for QTJA. On fees, DIVN is cheaper at 0.70% per year. On volatility, DIVN has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTJA or DIVN?

Over the 1-year period, DIVN has performed better with a 22.46% return vs 19.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTJA or DIVN?

DIVN is cheaper with a 0.70% expense ratio, compared with 0.79% for QTJA.

Which ETF pays a higher dividend yield, QTJA or DIVN?

DIVN has the higher dividend yield at 3.70%, compared with 0.00% for QTJA.

What is the main difference between QTJA and DIVN?

QTJA is categorized as Options Trading, while DIVN is Large Cap Value Equities. They also come from different issuers: Innovator and Horizon. Their fees differ too: 0.79% for QTJA and 0.70% for DIVN.

Which has better risk-adjusted returns?

DIVN currently has the higher Sharpe Ratio (2.18 vs 1.75), 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.