QTJL vs. QQQM

Last updated Apr 2, 2026

Compare and contrast key facts about Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco NASDAQ 100 ETF (QQQM).

QTJL and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020.

Performance

QTJL vs. QQQM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - July (QTJL) and Invesco NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

QTJL vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTJL Innovator Growth Accelerated Plus ETF - July	-1.09%	21.07%	16.50%	42.39%	-30.16%	9.32%
QQQM Invesco NASDAQ 100 ETF	-4.75%	20.85%	25.68%	55.01%	-32.52%	12.46%

Returns By Period

In the year-to-date period, QTJL achieves a -1.09% return, which is significantly higher than QQQM's -4.75% return.

QTJL

• 1D: 1.13%
• 1M: -1.59%
• YTD: -1.09%
• 6M: 1.75%
• 1Y: 26.28%
• 3Y*: 18.12%
• 5Y*: —
• 10Y*: —

QQQM

• 1D: 1.24%
• 1M: -3.78%
• YTD: -4.75%
• 6M: -2.87%
• 1Y: 24.28%
• 3Y*: 22.91%
• 5Y*: 13.24%
• 10Y*: —

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

QTJL vs. QQQM - Expense Ratio Comparison

QTJL has a 0.79% expense ratio, which is higher than QQQM's 0.15% expense ratio.

QTJL

Innovator Growth Accelerated Plus ETF - July

QQQM

Invesco NASDAQ 100 ETF

Return for Risk

QTJL vs. QQQM — Risk / Return Rank

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

QTJL

QTJL Risk / Return Rank: 73
QTJL Sharpe Ratio Rank: 61
QTJL Sortino Ratio Rank: 70
QTJL Omega Ratio Rank: 82
QTJL Calmar Ratio Rank: 64
QTJL Martin Ratio Rank: 85

QQQM

QQQM Risk / Return Rank: 66
QQQM Sharpe Ratio Rank: 59
QQQM Sortino Ratio Rank: 63
QQQM Omega Ratio Rank: 63
QQQM Calmar Ratio Rank: 75
QQQM Martin Ratio Rank: 69

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. 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.

	QTJL	QQQM	Difference
Sharpe ratio Return per unit of total volatility	1.13	1.09	+0.05
Sortino ratio Return per unit of downside risk	1.85	1.68	+0.17
Omega ratio Gain probability vs. loss probability	1.34	1.24	+0.10
Calmar ratio Return relative to maximum drawdown	1.78	2.02	-0.24
Martin ratio Return relative to average drawdown	10.86	7.35	+3.52
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. QQQM - Sharpe Ratio Comparison

The current QTJL Sharpe Ratio is 1.13, which is comparable to the QQQM Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of QTJL and QQQM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QTJL	QQQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.09	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.64	-0.19

Correlation

The correlation between QTJL and QQQM is 0.95, 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.

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 0.53%.

	TTM	2025	2024	2023	2022	2021	2020
QTJL Innovator Growth Accelerated Plus ETF - July	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQM Invesco NASDAQ 100 ETF	0.53%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%

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.

Drawdown Indicators

	QTJL	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-35.04%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	-15.42%	-12.55%	-2.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.04%	—
Current Drawdown Current decline from peak	-2.74%	-7.86%	+5.12%
Average Drawdown Average peak-to-trough decline	-8.22%	-8.47%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	3.44%	-0.91%

Volatility

QTJL vs. QQQM - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 5.68%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.58%. 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.

Volatility by Period

	QTJL	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.68%	6.58%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	8.61%	12.79%	-4.18%
Volatility (1Y) Calculated over the trailing 1-year period	23.29%	22.45%	+0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.75%	22.24%	-1.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.75%	22.26%	-1.51%