QTJL vs. SCDL

Last updated Jun 4, 2026

QTJL (Innovator Growth Accelerated Plus ETF - July) and SCDL (ETRACS 2x Leveraged U.S. Dividend Factor TR ETN) are both Leveraged Equities funds. QTJL is actively managed, while SCDL is passively managed. Over the past 3 years, QTJL returned 19.20%/yr vs 22.79%/yr for SCDL. A 0.52 correlation means they provide meaningful diversification when combined. QTJL charges 0.79%/yr vs 0.95%/yr for SCDL.

Performance

QTJL vs. SCDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Growth Accelerated Plus ETF - July (QTJL) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QTJL achieves a 7.15% return, which is significantly lower than SCDL's 37.06% return.

QTJL

• 1D: -0.01%
• 1M: 1.20%
• YTD: 7.15%
• 6M: 7.91%
• 1Y: 20.52%
• 3Y*: 19.20%
• 5Y*: —
• 10Y*: —

SCDL

• 1D: 0.51%
• 1M: 5.01%
• YTD: 37.06%
• 6M: 35.80%
• 1Y: 50.97%
• 3Y*: 22.79%
• 5Y*: 9.40%
• 10Y*: —

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

QTJL vs. SCDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QTJL Innovator Growth Accelerated Plus ETF - July	7.15%	21.07%	16.50%	42.39%	-30.16%	9.32%
SCDL ETRACS 2x Leveraged U.S. Dividend Factor TR ETN	37.06%	2.05%	14.99%	0.18%	-13.06%	15.47%

Correlation

The correlation between QTJL and SCDL is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021	0.52

Over the past year, the correlation between QTJL and SCDL has dropped to 0.20 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

QTJL vs. SCDL — Risk / Return Rank

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

QTJL

QTJL Risk / Return Rank: 68
QTJL Sharpe Ratio Rank: 62
QTJL Sortino Ratio Rank: 63
QTJL Omega Ratio Rank: 70
QTJL Calmar Ratio Rank: 62
QTJL Martin Ratio Rank: 81

SCDL

SCDL Risk / Return Rank: 73
SCDL Sharpe Ratio Rank: 73
SCDL Sortino Ratio Rank: 75
SCDL Omega Ratio Rank: 64
SCDL Calmar Ratio Rank: 87
SCDL Martin Ratio Rank: 68

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. SCDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL). 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	SCDL	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.37	-0.31
Sortino ratio: Return per unit of downside risk	2.93	3.41	-0.48
Omega ratio: Gain probability vs. loss probability	1.42	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.08	5.03	-1.95
Martin ratio: Return relative to average drawdown	16.23	12.65	+3.59
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. SCDL - Sharpe Ratio Comparison

The current QTJL Sharpe Ratio is 2.06, which is comparable to the SCDL Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of QTJL and SCDL, 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	SCDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.37	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.53	-0.01

Drawdowns

QTJL vs. SCDL - Drawdown Comparison

The maximum QTJL drawdown since its inception was -33.40%, roughly equal to the maximum SCDL drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for QTJL and SCDL.

Drawdown Indicators

	QTJL	SCDL	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-34.87%	+1.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-10.19%	+3.51%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-32.79%	+10.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.87%	—
Current Drawdown Current decline from peak	-0.01%	-2.79%	+2.78%
Average Drawdown Average peak-to-trough decline	-7.94%	-11.96%	+4.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	4.04%	-2.77%

Volatility

QTJL vs. SCDL - Volatility Comparison

The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 0.31%, while ETRACS 2x Leveraged U.S. Dividend Factor TR ETN (SCDL) has a volatility of 5.20%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than SCDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QTJL	SCDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	5.20%	-4.89%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	14.82%	-7.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.01%	21.66%	-11.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	29.02%	-8.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.42%	28.89%	-8.47%

QTJL vs. SCDL - Expense Ratio Comparison

QTJL has a 0.79% expense ratio, which is lower than SCDL's 0.95% expense ratio.

Dividends

QTJL vs. SCDL - Dividend Comparison

Neither QTJL nor SCDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QTJL and SCDL in my portfolio?

QTJL and SCDL have a correlation of 0.20, 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 SCDL?

SCDL has higher volatility (5.20%) compared to QTJL (0.31%). In terms of maximum drawdown, QTJL dropped -33.40% vs SCDL's -34.87%.

Which ETF is better, QTJL or SCDL?

On 3-year performance, SCDL leads with 22.79% vs 19.20% for QTJL. On fees, QTJL is cheaper at 0.79% 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 SCDL?

Over the 3-year period, SCDL has performed better with a 22.79% return vs 19.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QTJL or SCDL?

QTJL is cheaper with a 0.79% expense ratio, compared with 0.95% for SCDL.

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

QTJL and SCDL have nearly identical dividend yields, around 0.00%.

What is the main difference between QTJL and SCDL?

They also come from different issuers: Innovator and UBS. Their fees differ too: 0.79% for QTJL and 0.95% for SCDL.

Which has better risk-adjusted returns?

SCDL currently has the higher Sharpe Ratio (2.37 vs 2.06), 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.