QTJL vs. QQQ

Last updated Jun 3, 2026

QTJL (Innovator Growth Accelerated Plus ETF - July) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - QTJL is a Leveraged Equities fund actively managed by Innovator, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. QTJL is actively managed, while QQQ is passively managed. Over the past 3 years, QTJL returned 19.21%/yr vs 28.89%/yr for QQQ. Their correlation of 0.94 suggests significant overlap in exposure. QTJL charges 0.79%/yr vs 0.18%/yr for QQQ.

Performance

QTJL vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTJL achieves a 7.17% return, which is significantly lower than QQQ's 21.62% return.

QTJL

• 1D: 0.05%
• 1M: 1.33%
• YTD: 7.17%
• 6M: 8.13%
• 1Y: 21.38%
• 3Y*: 19.21%
• 5Y*: —
• 10Y*: —

QQQ

• 1D: 0.46%
• 1M: 10.68%
• YTD: 21.62%
• 6M: 20.27%
• 1Y: 43.30%
• 3Y*: 28.89%
• 5Y*: 18.43%
• 10Y*: 21.97%

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

QTJL vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTJL Innovator Growth Accelerated Plus ETF - July	7.17%	21.07%	16.50%	42.39%	-30.16%	9.32%
QQQ Invesco QQQ ETF	21.62%	20.77%	25.58%	54.86%	-32.58%	12.47%

Correlation

The correlation between QTJL and QQQ is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.94

The correlation between QTJL and QQQ has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

QTJL vs. QQQ - Sectors Allocation Comparison

Sectors	QTJL	QQQ
Technology	54.2%	53.8%
Communication Services	15.5%	15.8%
Consumer Cyclical	12.2%	12.3%
Consumer Defensive	7.6%	7.7%
Healthcare	4.2%	4.2%
Industrials	2.8%	2.8%
Utilities	1.4%	1.4%
Basic Materials	1.2%	1.1%
Energy	0.6%	0.6%
Financial Services	0.2%	0.2%
Real Estate	0.1%	0.1%

Return for Risk

QTJL vs. QQQ — Risk / Return Rank

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

QTJL

QTJL Risk / Return Rank: 69
QTJL Sharpe Ratio Rank: 63
QTJL Sortino Ratio Rank: 64
QTJL Omega Ratio Rank: 71
QTJL Calmar Ratio Rank: 65
QTJL Martin Ratio Rank: 83

QQQ

QQQ Risk / Return Rank: 77
QQQ Sharpe Ratio Rank: 83
QQQ Sortino Ratio Rank: 78
QQQ Omega Ratio Rank: 77
QQQ Calmar Ratio Rank: 73
QQQ Martin Ratio Rank: 74

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.

QTJL vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco QQQ ETF (QQQ). 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.

	QTJL	QQQ	Difference
Sharpe ratio Return per unit of total volatility	2.14	2.73	-0.59
Sortino ratio Return per unit of downside risk	3.04	3.55	-0.51
Omega ratio Gain probability vs. loss probability	1.43	1.47	-0.03
Calmar ratio Return relative to maximum drawdown	3.30	3.71	-0.42
Martin ratio Return relative to average drawdown	17.40	14.30	+3.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QTJL vs. QQQ - Sharpe Ratio Comparison

The current QTJL Sharpe Ratio is 2.14, which is comparable to the QQQ Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of QTJL and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QTJL	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.73	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.41	+0.11

Drawdowns

QTJL vs. QQQ - Drawdown Comparison

The maximum QTJL drawdown since its inception was -33.40%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for QTJL and QQQ.

Drawdown Indicators

	QTJL	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-82.97%	+49.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-11.96%	+5.28%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-22.77%	+0.34%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.94%	-32.79%	+24.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	3.11%	-1.84%

Volatility

QTJL vs. QQQ - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 0.31%, while Invesco QQQ ETF (QQQ) has a volatility of 4.48%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTJL	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	4.48%	-4.17%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	12.11%	-4.50%
Volatility (1Y) Calculated over the trailing 1-year period	10.02%	15.95%	-5.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	22.39%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.43%	22.30%	-1.87%

QTJL vs. QQQ - Expense Ratio Comparison

QTJL has a 0.79% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

QTJL vs. QQQ - Dividend Comparison

QTJL has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
QTJL Innovator Growth Accelerated Plus ETF - July	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

Can I hold both QTJL and QQQ in my portfolio?

QTJL and QQQ have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QTJL or QQQ?

QQQ has higher volatility (4.48%) compared to QTJL (0.31%). In terms of maximum drawdown, QTJL dropped -33.40% vs QQQ's -82.97%.

Which ETF is better, QTJL or QQQ?

On 3-year performance, QQQ leads with 28.89% vs 19.21% for QTJL. On fees, QQQ is cheaper at 0.18% per year. On volatility, QTJL has been the lower-risk option at 0.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QTJL or QQQ?

Over the 3-year period, QQQ has performed better with a 28.89% return vs 19.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTJL or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.79% for QTJL.

Which ETF pays a higher dividend yield, QTJL or QQQ?

QQQ has the higher dividend yield at 0.38%, compared with 0.00% for QTJL.

What is the main difference between QTJL and QQQ?

QTJL is categorized as Leveraged Equities, while QQQ is Nasdaq-100. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for QTJL and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.73 vs 2.14), 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.