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.
Correlation
The correlation between QTJL and ALTL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
QTJL vs. ALTL - Performance Comparison
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Key characteristics
QTJL:
0.56
ALTL:
-0.19
QTJL:
1.00
ALTL:
-0.15
QTJL:
1.16
ALTL:
0.98
QTJL:
0.66
ALTL:
-0.11
QTJL:
2.70
ALTL:
-0.43
QTJL:
5.45%
ALTL:
7.17%
QTJL:
26.02%
ALTL:
15.94%
QTJL:
-33.40%
ALTL:
-31.91%
QTJL:
0.00%
ALTL:
-25.55%
Returns By Period
In the year-to-date period, QTJL achieves a 5.24% return, which is significantly higher than ALTL's -10.27% return.
QTJL
5.24%
15.50%
5.91%
14.53%
N/A
N/A
ALTL
-10.27%
-1.25%
-14.11%
-2.99%
N/A
N/A
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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 Rank
QTJL
ALTL
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.
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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 1.54%.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ALTL Pacer Lunt Large Cap Alternator ETF | 1.54% | 1.56% | 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.
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Volatility
QTJL vs. ALTL - Volatility Comparison
Innovator Growth Accelerated Plus ETF - July (QTJL) has a higher volatility of 9.23% compared to Pacer Lunt Large Cap Alternator ETF (ALTL) at 3.59%. This indicates that QTJL's price experiences larger fluctuations and is considered to be riskier than ALTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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