QTJL vs. SOXL
QTJL (Innovator Growth Accelerated Plus ETF - July) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds. QTJL is actively managed, while SOXL is passively managed. Over the past 5 years, QTJL returned 9.06%/yr vs 21.65%/yr for SOXL. Their 0.80 correlation means they have sometimes moved together and sometimes differently. QTJL charges 0.79%/yr vs 0.75%/yr for SOXL.
Performance
QTJL vs. SOXL - 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 SOXL's 172.95% 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%
SOXL
- 1D
- 0.00%
- 1M
- -36.78%
- 6M
- 85.66%
- YTD
- 172.95%
- 1Y
- 376.55%
- 3Y*
- 60.01%
- 5Y*
- 21.65%
- 10Y*
- 48.63%
- ALL TIME*
- 38.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $200.88K | $354.66K | $247.25K | |
| $10.60B | $10.77B | $11.72B |
QTJL vs. SOXL - 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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 172.95% | 54.91% | -12.31% | 226.98% | -85.66% | 52.73% |
Correlation
The correlation between QTJL and SOXL is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.80 |
The correlation between QTJL and SOXL has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
QTJL vs. SOXL — Risk / Return Rank
QTJL
SOXL
QTJL vs. SOXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Growth Accelerated Plus ETF - July (QTJL) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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 | SOXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 5.22 | -3.99 |
| Martin ratioReturn relative to average drawdown | 6.04 | 18.04 | -12.00 |
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Drawdowns
QTJL vs. SOXL - Drawdown Comparison
The maximum QTJL drawdown since its inception was -33.40%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for QTJL and SOXL.
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Drawdown Indicators
| QTJL | SOXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -90.46% | +57.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -69.42% | +60.94% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -87.88% | +65.45% |
Max Drawdown (5Y)Largest decline over 5 years | -33.40% | -90.46% | +57.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.46% | — |
Current DrawdownCurrent decline from peak | -4.62% | -61.86% | +57.24% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -35.00% | +27.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 20.04% | -18.31% |
Volatility
QTJL vs. SOXL - Volatility Comparison
The current volatility for Innovator Growth Accelerated Plus ETF - July (QTJL) is 6.45%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 52.68%. This indicates that QTJL experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QTJL | SOXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 52.68% | -46.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 115.51% | -105.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 130.99% | -119.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.43% | 113.21% | -92.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 102.11% | -81.81% |
QTJL vs. SOXL - Expense Ratio Comparison
QTJL has a 0.79% expense ratio, which is higher than SOXL's 0.75% expense ratio.
Dividends
QTJL vs. SOXL - Dividend Comparison
QTJL has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3X ETF | 0.01% | 0.34% | 1.18% | 0.51% | 1.07% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% |
Frequently Asked Questions
QTJL and SOXL have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXL has higher volatility (52.68%) compared to QTJL (6.45%). In terms of maximum drawdown, QTJL dropped -33.40% vs SOXL's -90.46%.
On 5-year performance, SOXL leads with 21.65% vs 9.06% for QTJL. On fees, SOXL is cheaper at 0.75% 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, SOXL has performed better with a 21.65% return vs 9.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXL is cheaper with a 0.75% expense ratio, compared with 0.79% for QTJL.
SOXL has the higher dividend yield at 0.01%, compared with 0.00% for QTJL.
They also come from different issuers: Innovator and Direxion. Their fees differ too: 0.79% for QTJL and 0.75% for SOXL.
SOXL currently has the higher Sharpe Ratio (2.77 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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