QTJA vs. QDTE

Last updated Jul 1, 2026

QTJA (Innovator Growth Accelerated Plus ETF - January) and QDTE (Roundhill Innovation-100 0DTE Covered Call Strategy ETF) are both exchange-traded funds - QTJA is a Options Trading fund actively managed by Innovator, while QDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, QTJA returned 20.94% vs 32.11% for QDTE. Their correlation of 0.89 suggests significant overlap in exposure. QTJA charges 0.79%/yr vs 0.97%/yr for QDTE.

Performance

QTJA vs. QDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - January (QTJA) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTJA achieves a 10.62% return, which is significantly lower than QDTE's 15.77% return.

QTJA

• 1D: 0.65%
• 1M: -0.14%
• YTD: 10.62%
• 6M: 10.77%
• 1Y: 20.94%
• 3Y*: 17.34%
• 5Y*: —
• 10Y*: —

QDTE

• 1D: 1.20%
• 1M: -0.08%
• YTD: 15.77%
• 6M: 14.80%
• 1Y: 32.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QTJA vs. QDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
QTJA Innovator Growth Accelerated Plus ETF - January	10.62%	18.86%	12.81%
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	15.77%	19.32%	17.13%

Correlation

The correlation between QTJA and QDTE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 7, 2024	0.89

The correlation between QTJA and QDTE has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

Return for Risk

QTJA vs. QDTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QTJA

QTJA Risk / Return Rank: 68
QTJA Sharpe Ratio Rank: 69
QTJA Sortino Ratio Rank: 69
QTJA Omega Ratio Rank: 79
QTJA Calmar Ratio Rank: 50
QTJA Martin Ratio Rank: 71

QDTE

QDTE Risk / Return Rank: 70
QDTE Sharpe Ratio Rank: 70
QDTE Sortino Ratio Rank: 62
QDTE Omega Ratio Rank: 68
QDTE Calmar Ratio Rank: 74
QDTE Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QTJA vs. QDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - January (QTJA) and Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE). 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	QDTE	Difference
Sharpe ratio: Return per unit of total volatility	1.90	1.92	-0.02
Sortino ratio: Return per unit of downside risk	2.70	2.47	+0.23
Omega ratio: Gain probability vs. loss probability	1.40	1.34	+0.06
Calmar ratio: Return relative to maximum drawdown	2.16	3.16	-1.00
Martin ratio: Return relative to average drawdown	11.12	12.09	-0.96

QTJA vs. QDTE - Sharpe Ratio Comparison

The current QTJA Sharpe Ratio is 1.90, which is comparable to the QDTE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of QTJA and QDTE, 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. QDTE - Drawdown Comparison

The maximum QTJA drawdown since its inception was -36.07%, which is greater than QDTE's maximum drawdown of -22.86%. Use the drawdown chart below to compare losses from any high point for QTJA and QDTE.

Drawdown Indicators

	QTJA	QDTE	Difference
Max Drawdown Largest peak-to-trough decline	-36.07%	-22.86%	-13.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.75%	-10.20%	+0.45%
Max Drawdown (3Y) Largest decline over 3 years	-21.73%	—	—
Current Drawdown Current decline from peak	-0.17%	-0.85%	+0.68%
Average Drawdown Average peak-to-trough decline	-13.09%	-3.13%	-9.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	2.66%	-0.77%

Volatility

QTJA vs. QDTE - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - January (QTJA) is 4.00%, while Roundhill Innovation-100 0DTE Covered Call Strategy ETF (QDTE) has a volatility of 8.86%. This indicates that QTJA experiences smaller price fluctuations and is considered to be less risky than QDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTJA	QDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.00%	8.86%	-4.86%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	13.53%	-3.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.07%	16.81%	-5.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	19.00%	+1.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	19.00%	+1.36%

QTJA vs. QDTE - Expense Ratio Comparison

QTJA has a 0.79% expense ratio, which is lower than QDTE's 0.97% expense ratio.

Dividends

QTJA vs. QDTE - Dividend Comparison

QTJA has not paid dividends to shareholders, while QDTE's dividend yield for the trailing twelve months is around 43.33%.

Position	TTM	2025	2024
QDTE Roundhill Innovation-100 0DTE Covered Call Strategy ETF	43.33%	49.49%	32.09%
QTJA Innovator Growth Accelerated Plus ETF - January	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QTJA and QDTE in my portfolio?

QTJA and QDTE have a correlation of 0.89, 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 QDTE?

QDTE has higher volatility (8.86%) compared to QTJA (4.00%). In terms of maximum drawdown, QTJA dropped -36.07% vs QDTE's -22.86%.

Which ETF is better, QTJA or QDTE?

On 1-year performance, QDTE leads with 32.11% vs 20.94% for QTJA. On fees, QTJA is cheaper at 0.79% per year. On volatility, QTJA has been the lower-risk option at 4.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTJA or QDTE?

Over the 1-year period, QDTE has performed better with a 32.11% return vs 20.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTJA or QDTE?

QTJA is cheaper with a 0.79% expense ratio, compared with 0.97% for QDTE.

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

QDTE has the higher dividend yield at 43.33%, compared with 0.00% for QTJA.

What is the main difference between QTJA and QDTE?

QTJA is categorized as Options Trading, while QDTE is Derivative Income. They also come from different issuers: Innovator and Roundhill. Their fees differ too: 0.79% for QTJA and 0.97% for QDTE.

Which has better risk-adjusted returns?

QDTE currently has the higher Sharpe Ratio (1.92 vs 1.90), 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.