QTJL vs. QQQM
QTJL (Innovator Growth Accelerated Plus ETF - July) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - QTJL is a Leveraged Equities fund actively managed by Innovator, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. QTJL is actively managed, while QQQM is passively managed. Over the past 5 years, QTJL returned 9.06%/yr vs 14.31%/yr for QQQM. Their correlation of 0.94 means they have usually moved in the same direction. QTJL charges 0.79%/yr vs 0.15%/yr for QQQM.
Performance
QTJL vs. QQQM - Performance Comparison
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Returns By Period
In the year-to-date period, QTJL achieves a 2.56% return, which is significantly lower than QQQM's 12.29% return.
QTJL
- 1D
- 0.93%
- 1M
- -1.97%
- 6M
- 1.77%
- YTD
- 2.56%
- 1Y
- 11.97%
- 3Y*
- 15.99%
- 5Y*
- 9.06%
- 10Y*
- —
- ALL TIME*
- 9.33%
QQQM
- 1D
- 0.69%
- 1M
- -3.45%
- 6M
- 10.92%
- YTD
- 12.29%
- 1Y
- 24.86%
- 3Y*
- 22.37%
- 5Y*
- 14.31%
- 10Y*
- —
- ALL TIME*
- 16.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $962.22M | $908.74M | $1.19B | |
| $200.88K | $354.66K | $247.25K |
QTJL vs. QQQM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QTJL Innovator Growth Accelerated Plus ETF - July | 2.56% | 21.07% | 16.50% | 42.39% | -30.16% | 9.36% |
QQQM Invesco NASDAQ 100 ETF | 12.29% | 20.85% | 25.68% | 55.01% | -32.52% | 12.46% |
Correlation
The correlation between QTJL and QQQM is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.94 |
The correlation between QTJL and QQQM has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
QTJL vs. QQQM — Risk / Return Rank
QTJL
QQQM
QTJL vs. QQQM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco NASDAQ 100 ETF (QQQM). 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.
| QTJL | QQQM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.88 | -0.65 |
| Martin ratioReturn relative to average drawdown | 6.04 | 6.01 | +0.03 |
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Drawdowns
QTJL vs. QQQM - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, roughly equal to the maximum QQQM drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for QTJL and QQQM.
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Drawdown Indicators
| QTJL | QQQM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -35.04% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -11.96% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -22.70% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -35.04% | +1.64% |
Current DrawdownCurrent decline from peak | -4.62% | -7.69% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -8.15% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 3.74% | -2.01% |
Volatility
QTJL vs. QQQM - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 6.45%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.83%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTJL | QQQM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 6.83% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 15.91% | -6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 19.24% | -7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 22.74% | -2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 22.32% | -2.02% |
QTJL vs. QQQM - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Dividends
QTJL vs. QQQM - Dividend Comparison
QTJL has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.46%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.46% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% |
QTJL Innovator Growth Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QTJL and QQQM have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQM has higher volatility (6.83%) compared to QTJL (6.45%). In terms of maximum drawdown, QTJL dropped -33.40% vs QQQM's -35.04%.
On 5-year performance, QQQM leads with 14.31% vs 9.06% for QTJL. On fees, QQQM is cheaper at 0.15% per year. On volatility, QTJL has been the lower-risk option at 6.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 14.31% return vs 9.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.79% for QTJL.
QQQM has the higher dividend yield at 0.46%, compared with 0.00% for QTJL.
QTJL is categorized as Leveraged Equities, while QQQM is Nasdaq-100. They also come from different issuers: Innovator and Invesco. Their fees differ too: 0.79% for QTJL and 0.15% for QQQM.
QQQM currently has the higher Sharpe Ratio (1.17 vs 0.89), 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.
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