QTJL vs. ALTL
Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - July (QTJL) and Pacer Lunt Large Cap Alternator ETF (ALTL).
QTJL and ALTL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021. ALTL is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital US Large Cap Equity Rotation Index. It was launched on Jun 24, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: QTJL or ALTL.
Key characteristics
| QTJL | ALTL | |
|---|---|---|
| YTD Return | 5.12% | 1.24% |
| 1Y Return | 22.08% | -4.65% |
| Sharpe Ratio | 2.01 | -0.39 |
| Daily Std Dev | 10.58% | 14.72% |
| Max Drawdown | -33.40% | -31.91% |
| Current Drawdown | -0.64% | -25.21% |
Correlation
The correlation between QTJL and ALTL is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QTJL vs. ALTL - Performance Comparison
In the year-to-date period, QTJL achieves a 5.12% return, which is significantly higher than ALTL's 1.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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QTJL vs. ALTL - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is higher than ALTL's 0.60% expense ratio.
Risk-Adjusted Performance
QTJL vs. ALTL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Pacer Lunt Large Cap Alternator ETF (ALTL). 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
QTJL vs. ALTL - Dividend Comparison
QTJL has not paid dividends to shareholders, while ALTL's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALTL Pacer Lunt Large Cap Alternator ETF | 1.23% | 1.28% | 1.23% | 1.06% | 0.75% |
Drawdowns
QTJL vs. ALTL - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, roughly equal to the maximum ALTL drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for QTJL and ALTL. For additional features, visit the drawdowns tool.
Volatility
QTJL vs. ALTL - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 2.15%, while Pacer Lunt Large Cap Alternator ETF (ALTL) has a volatility of 2.67%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than ALTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.